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Re: Wild Eagle post# 2036

Tuesday, 09/13/2016 9:58:41 PM

Tuesday, September 13, 2016 9:58:41 PM

Post# of 2399
Furthermore, It's no secret that the company is going to have a much better 3rd Quarter report over the 2nd Quarter report. That is already public knowledge as was mentioned by Orbital Tracking's CEO David Phipps in the August 10th press release outlining 2nd Quarter financial highlights with some forward looking statements...
http://orbitaltracking.com/company-news/orbital-tracking-corp-reports-second-quarter-2016-financial-results/

“The second quarter of 2016 was impacted by the expected seasonality of sales, as well as the dramatic events occurring in the UK which affected pricing and profitability due to significant volatility in global currencies. We are pleased with the operating trends in the business despite these events and remain optimistic about the early performance of newly launched Asian markets. The Company will continue to execute on its growth plan as supported by an improved balance sheet and cash flows, following the elimination of the Company’s outstanding long-term debt,” said David Phipps, Chief Executive Officer of Orbital Tracking Corp. “Entering the third quarter, as the conditions in the UK, Europe and world currency markets have stabilized, we are already witnessing a return to normalized growth across our global footprint. Our long-term plans for the business remain on track and we remain committed to capitalizing on the continued global demand for satellite communications services and to delivering the financial returns our business model is capable of generating.



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