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SAN DIEGO, (BUSINESS WIRE) -- Trucept Inc. (OTC Pink: TREP) announced today its new subsidiary, Trucept Risk Management, Inc. Taking an innovative approach to the administration of workers’ compensation claims, the Company focuses on reducing Professional Employer Organizations’ costs.
Andrew Jones, Trucept Risk Management’s President, states, “Professional Employer Organizations pay millions each year for workers’ compensation claims. Trucept Risk Management prides itself on actively closing claims.”
Jones continues, “Our team of insurance experts take control of the full cycle of the workers’ compensation claims process.”
Trucept Inc. CEO Norman Tipton said, “The Company’s internal risk management has been using this model for several years. Our client PEOs have seen significant savings, and we believe it is time to take this to the next level with a subsidiary.”
Trucept Risk Management is based in Escondido, California, and has an office in Lehighton, Pennsylvania. Trucept Risk Management's parent company, Trucept, offers professional services that help businesses navigate growth. The Company’s professional services include:
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No wonder they didn't link to the document in the PR...
https://www.otcmarkets.com/otcapi/company/financial-report/324247/content
Typical BONAR B.S.
Can't find that filing anywhere, no link on the website:
https://truceptservices.com/trucept-announces-significant-increases-in-net-income-and-revenue-for-the-year-ending-2021/
I went pretty big on TREP for all the reasons you stated. So far I'm disappointed, but hopfully things will change.
SAN DIEGO, (BUSINESS WIRE) -- Trucept Inc. (OTC Pink: TREP) today has released its updated financials for the year ending 2021. The company is excited to report a 52% increase in Annual Net Income and a 43% Increase in Annual Revenue over the prior year period.
The firm posted its seventh consecutive profitable year in 2021 with net income of $1,645,095, an increase of $563,901 or 52% over prior year. In addition, the firm posted annual revenue of $17,584,339, an increase of $5,298,826 or 43% over prior year.
CEO Norman Tipton said, “We are very pleased with the results being posted by our business units. Our core business and subsidiaries continue to experience excellent growth. Management anticipates that Trucept’s revenue and income will continue to grow and that 2022 will be a very exciting year as we implement ways to grow our Company.”
Financials dropped! Continued and consistent growth with no dilution.
With BONAR companies EARNINGS never translate to PROFITS.
One of the things I am looking forward to is this:
Once the 10K is in the books they will have made $3M in earnings (TTM), or a PE under 2. Within about 2 weeks of that filing all the TREP profile and stat pages everywhere on the internet will then show that low single digit PE. Furthermore, all the ratios will update including price to book value etc.
I get that fundamentals have never mattered on the OTC. Bulls#*t dilution machines that claim they are going to change the world and never end up making any money trade far better on the OTC as a rule. In fact alot of shells trade at a MC higher than TREP.
But very soon...when a trader runs a stock screening program looking for value or strong earnings to share price ratios, TREP is going to jump off the page. It can't hurt.
good luck to all of us,
Willie
0.10395 ? -0.01835 (-15.00%)
Volume: 5,450 @02/24/22 12:53:27 PM EST
Specific supporting data vs spreading fear without facts?
Apparently TREP is TOAST...
Typical BONAR stock.
Were there supposed to be a filing or late submission notice?
Your words To God’s ears!
10X average volume. We may be on the verge of getting discovered...
OR BOUGHT OUT ! ! !
Market Cap
34,828,955
02/04/2022
Authorized Shares
210,000,000,000
01/31/2022
Outstanding Shares
174,144,776,096
01/31/2022
Restricted
60,581,640,406
01/31/2022
Unrestricted
113,563,135,690
01/31/2022
Held at DTC
57,684,648,748
01/31/2022
Float
26,339,193,497
07/14/2021
Un-audited revenue are not solid revenue.
NO-BRAINER ALERT!!!!
Un-audited revenue is not solid revenue.
NO-BRAINER ALERT!!!!
Nu thing besides solid revs consistently lol! I am upset about the lack of audited results and uplist updates (grrrrr)!
Back down below a dime... nothing here... typical BONAR BUST.
what"s up tomorrow?...
I think it will be greater for tomorrow, who knows? Will still buy in!
Everybody just needs to stay positive. Don't get distracted by the extremes and keep it focused.
No "momentum" because this is just a BONAR scam.
Crazy is right! And frustrating as hell!
Nice! Be great if they dropped some news before year end to keep momentum following the great quarter! Audited results + uplist would be swell!
I called the company and was told the site is being updated and should be seeing improvements in the next week or so
B.S. It should be on their website, unless they don't have anyone who can update the site...
Because it’s always on the OTC website
So how come they don't post the whole report on their web site????
Fishy if you ask me.
https://truceptservices.com/news/
TREP reports record operating income of $800K. Would have been a better headline.
Great news! Just don’t know what it’ll take to get the stock price to start reacting to good news ???????
$TREP Trucept Reports Significant Increase in Q3 Revenue
Press Release | 11/17/2021
Trucept Inc. (OTC Pink: TREP) today has released its updated financials for Q3 2021. The Company posted another consecutive quarter of profitability, driven by a significant increase in total revenue for Q3 compared to the same time period last year. For the quarter ending on September 30, 2021, Trucept posted an impressive 41% increase in total operating revenue over the same period the prior year.
Trucept CEO Norman Tipton commented: "We are very pleased with Trucept's results. Year-over-year, amid unprecedented conditions, Trucept's core business and all subsidiaries have grown. In addition, we are making sustained progress on financial audits, which were delayed somewhat due to COVID and workplace restrictions. Trucept would like to express appreciation to its investors and supporters as we approach year-end on a high note."
Trucept offers professional services that help businesses navigate growth. The Company’s professional services now encompass:
Marketing, technology, and Accessibility Act compliance services
Insurance offerings and third-party administrator (TPA) services
Payroll
Human resources and management
Employee benefits administration
Accounting support
Safety and risk management
For additional information, visit www.truceptservices.com.
About Trucept Inc.
True solutions, today and tomorrow: Trucept Inc. helps organizations focus on growing their business. With a dedicated suite of powerful tools and services designed to put business owners in charge of running their businesses and increasing efficiency, Trucept tackles a variety of important administrative needs and provides a host of value-added advantages. For more information, call 858-798-1620 or visit https://truceptservices.com/.
Disclaimer
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211117006141/en/
PE 3. Book Value .33/share
4.4M in new revenues
$800K operating profit.
Third consecutive Q of these kinds of numbers.
Essentially NO DEBT.
$32M in total assets.
Earnings any day or any minute. Here's my prediction
Revs at $4.56M. 46% increase over Q3 2020
Income at $800K. An all time record Q in revs and income.
If you are selling now I think you are crazy. That will put the PE at about 3 and the book value at about .36.
Just a prediction based on their growth rate over the past several Qs.
Hoping for a solid upward trend. Seems like this is going to be big. It has still an opportunity for a big open tomorrow!
Thank you Willie. I had found them in the meantime and already have a position :)
klk here: https://www.otcmarkets.com/stock/TREP/financials
Everything changes next week with the Q3 report
Hi, where can we find the company's financial filings (10Q and 10K)?
Thx!
$TREP Afinida Achieves Record Weekly Payroll Processing Revenue
Press Release | 11/01/2021
Afinida, a subsidiary of Trucept, Inc. (OTC Pink: TREP), today announced that the company reached a new milestone of $5 million in weekly payroll processing. The increase is the result of ongoing growth in its payroll processing and services division.
COO Julie Neill commented: “We are very pleased with the results being posted by Afinida, specifically in our payroll processing operations. Afinida has realized significant growth across all departments, with the global pandemic having virtually no effect on growth. Afinida provides payroll and human resource management services to businesses across America, and our success is due in part to the high level of personalized service that we provide to our clients.” As more payroll service providers move to a web-based self-serve model, Afinida remains firmly committed to superior, client-centric service managed by real people.
Afinida offers professional services that help businesses navigate growth. The company’s professional services now encompass the following:
Full-Service Cloud Based Payroll Services
Direct Deposit Management
New Hire Reporting
Wage Garnishments
W2 Management
For additional information, find us at www.afinida.com
About Trucept Inc.
True solutions, today and tomorrow: Trucept, Inc. helps organizations focus on growing their business. With a dedicated suite of powerful tools and services designed to put business owners in charge of running their businesses and increasing efficiency, Trucept tackles a variety of important administrative needs and provides a host of value-added advantages. For more information, call 858-798-1620 or visit https://truceptservices.com/.
Disclaimer
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211101005156/en/
SAN DIEGO, (BUSINESS WIRE) -- Afinida, a subsidiary of Trucept, Inc. (OTC Pink: TREP), today announced that the company reached a new milestone of $5 million in weekly payroll processing. The increase is the result of ongoing growth in its payroll processing and services division.
COO Julie Neill commented: “We are very pleased with the results being posted by Afinida, specifically in our payroll processing operations. Afinida has realized significant growth across all departments, with the global pandemic having virtually no effect on growth. Afinida provides payroll and human resource management services to businesses across America, and our success is due in part to the high level of personalized service that we provide to our clients.” As more payroll service providers move to a web-based self-serve model, Afinida remains firmly committed to superior, client-centric service managed by real people.
Afinida offers professional services that help businesses navigate growth. The company’s professional services now encompass the following:
Full-Service Cloud Based Payroll Services
Direct Deposit Management
New Hire Reporting
Wage Garnishments
W2 Management
For additional information, find us at www.afinida.com
SAN DIEGO, (BUSINESS WIRE) -- Afinida, a subsidiary of Trucept, Inc. (OTC Pink: TREP), today announced that the company reached a new milestone of $5 million in weekly payroll processing. The increase is the result of ongoing growth in its payroll processing and services division.
COO Julie Neill commented: “We are very pleased with the results being posted by Afinida, specifically in our payroll processing operations. Afinida has realized significant growth across all departments, with the global pandemic having virtually no effect on growth. Afinida provides payroll and human resource management services to businesses across America, and our success is due in part to the high level of personalized service that we provide to our clients.” As more payroll service providers move to a web-based self-serve model, Afinida remains firmly committed to superior, client-centric service managed by real people.
Afinida offers professional services that help businesses navigate growth. The company’s professional services now encompass the following:
Full-Service Cloud Based Payroll Services
Direct Deposit Management
New Hire Reporting
Wage Garnishments
W2 Management
For additional information, find us at www.afinida.com
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