Company releases preliminary estimate of forth quarter revenues
December 4, 2011
New Canaan, CT - Tesoro Enterprises, Inc. today released estimates of forth quarter and annual revenues for the Year ending December 31, 2011. Revenues for the twelve months ending December 31,2011 are estimated to be $600,000 compared to $342,000 for the twelve months ended December 31, 2010. The increase of $258,000, for the twelve months ending December 31, 2011 over the same period of 2010, represents a 75% revenue improvement.
For the three months ended December 31, 2011 revenues are estimated to be $160,000 compared to $63,000 for the three months ended December 31, 2010. The increase of $97,000 for the three months ending December 31, 2011 over the same period of 2010 represents a 154% revenue improvement.
Henry Boucher, Tesoro's CEO, said he is pleased that the company will finish the year with strong sales momentum for 2012. The Company looks forward to continued growth, as the second location approaches its potential. http://www.tesoroenterprises.us/news.html
Forward- Looking Statements
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the United States Securities and Exchange Commission.