Dynasty Limousine Reports Second Quarter Earnings, Finalizing Negotiations With Investment Firm

Dynasty Limousine achieves record second quarter profits and best Q1 and Q2 in the company's history. The company is in the final stage of negotiations with a nationally recognized investment firm to get listed on a national securities exchange.
By: Dynasty Limousine Inc.
 
July 15, 2008 - PRLog -- Dynasty Limousine is proud to report second quarter earnings were the highest in the Company's history.  Total revenues were up over 45% from the year ago period, and represent the best quarter on record.  June's results were also up +24% from last year.  

   This latest report brings the year to date revenue increases to +33% over last year, and the Company is pacing for a 35% increase over our best performing year ever.  Pierce Fleming, Vice President of Operations, states "Once again Dynasty has bucked the market downtrend with fantastic results.  We are consistantly taking market share and are perfectly poised for our public offering."  

   Dynasty Limousine is currently in final negotiations with a nationally recognized investment firm to take the company "public".  If successful, the Company will be the first Limousine Service to be listed on a national securities exchange.  "We should have the deal completed in less than thirty days.  I am very excited about the prospect of going public and the timing couldn't be better,"  states Mr. Fleming,  "The name of the investment firm and other pertinant details will be announced upon completion of the contract via PR.  The Company has stated that they can get us on the market in less than twelve months."

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Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company’s products and services, increased levels of competition for the Company, new products and technological changes, the Company’s dependence on third-party vendors, and other risks detailed in the Company’s prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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Source:Dynasty Limousine Inc.
Email:Contact Author
Zip:32259
Tags:Dnys, Dynasty Limousine, Ipo, Stocks, Private Offering, Shares, Company
Industry:Accounting, Business, Financial
Location:Jacksonville - Florida - United States
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Page Updated Last on: Jun 18, 2010
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