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Forterus Announces Fiscal Year 2009 Financial Results
MURRIETA, Calif., Jan 22, 2010 /PRNewswire via COMTEX/ -- On January 22, 2010, Forterus, Inc. (Pink Sheets: FTER) announced its results of its 2009 Fiscal Year.
Paul Howarth, Forterus's CEO, stated, "This has been a transformational year for Forterus and we are pleased with the Company's achievements. Even more so, we believe we have a strong foundation from which to grow our business and capitalize on future prospects and we remain focused in our determination to build shareholder value. While the struggling economy has impacted our business, we have continued to build upon our insurance contracts. We were delighted to have achieved positive net income of $383,937 and earnings per share of $.03 for the fiscal year 2009. Looking forward through 2010, if we continue to execute our key strategic initiatives and continue to adhere to the disciplines of our core business model, we should continue to see a steady increase in our core business. Furthermore, we will continue to make strategic investments in qualified and experienced staff, the major asset of any quality organization, to complement the investments to grow our bed count as we continue on a sustainable, scalable and profitable growth path in fiscal 2010."
Key Financial Highlights
$383,937 in Net Income for Fiscal 2009 compared to a loss of $1,671,525 in Fiscal 2008.
$5,842,182 in Revenue For Fiscal 2009 compared to revenue of $4,089,139 in Fiscal 2008.
435% increase in Net Income from Fiscal 2008 to Fiscal 2009.
43% increase in Revenue from Fiscal 2008 to Fiscal 2009.
$0.43 Revenue Per Share (on share count of 13,513,264).
$0.03 Earnings Per Share (on share count of 13,513,264).
The company reported a consolidated net profit of 383,937 or $.03 per share and revenue of $5,842.182, or $0.43 per share, for the 2009 fiscal year.
Business Overview
For fiscal year 2009, the Company reported revenues of $5,842,182 from its continuing operations (healthcare services business), compared to revenues from continuing operations of $4,989,139 during the comparable period in 2008.
The Company has received numerous requests for comparable public companies in our industry. The Company has provided the shareholders with Hythiam, Inc. as a comparable. Hythiam is traded on NASDAQ. Hythiam reported a net loss of $10,714,000 for the nine months ending September 30, 2009 on $1,346,000 in revenue for the same time period.
"When looking at Hythiam's market capitalization of $28,358,896 as of January 15, 2010 and their performance against Forterus's, we are excited about the possible increase in our matrices, including shareholder equity," stated CEO Paul Howarth. "We did not actively seek out or receive any financing through the issuance of our common stock in 2009. However, we may begin to explore such possibilities based on Hythiam's $7,000,000 capital raise in 2009. However, Forterus's Board feels the current market price and price throughout 2009 does not warrant the Company raising money through the issuance of its stock at this time."
About Forterus, Inc.
Forterus Inc. and its subsidiaries engage in diverse business activities, including drug and alcohol rehabilitation, and finance. For more information about Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com and http://www.abttc.com.
Forward Looking Statements
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains, and Forterus may from time to time make, written or oral 'forward-looking statements' within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Forterus's and/or its subsidiaries control that could cause actual results to differ materially from such statements. In particular, statements using words such as 'may,' 'should,' 'estimate,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'predict,' 'potential,' or words of similar import generally involve forward-looking statements.
CONTACT: Paul Howarth, 1-888-257-8345, ir@Forterushealthcare.com
SOURCE Forterus, Inc.
www.prnewswire.com
Copyright (C) 2010 PR Newswire. All rights reserved
Forterus Announces Fiscal Year 2009 Financial Results
MURRIETA, Calif., Jan 22, 2010 /PRNewswire via COMTEX/ -- On January 22, 2010, Forterus, Inc. (Pink Sheets: FTER) announced its results of its 2009 Fiscal Year.
Paul Howarth, Forterus's CEO, stated, "This has been a transformational year for Forterus and we are pleased with the Company's achievements. Even more so, we believe we have a strong foundation from which to grow our business and capitalize on future prospects and we remain focused in our determination to build shareholder value. While the struggling economy has impacted our business, we have continued to build upon our insurance contracts. We were delighted to have achieved positive net income of $383,937 and earnings per share of $.03 for the fiscal year 2009. Looking forward through 2010, if we continue to execute our key strategic initiatives and continue to adhere to the disciplines of our core business model, we should continue to see a steady increase in our core business. Furthermore, we will continue to make strategic investments in qualified and experienced staff, the major asset of any quality organization, to complement the investments to grow our bed count as we continue on a sustainable, scalable and profitable growth path in fiscal 2010."
Key Financial Highlights
$383,937 in Net Income for Fiscal 2009 compared to a loss of $1,671,525 in Fiscal 2008.
$5,842,182 in Revenue For Fiscal 2009 compared to revenue of $4,089,139 in Fiscal 2008.
435% increase in Net Income from Fiscal 2008 to Fiscal 2009.
43% increase in Revenue from Fiscal 2008 to Fiscal 2009.
$0.43 Revenue Per Share (on share count of 13,513,264).
$0.03 Earnings Per Share (on share count of 13,513,264).
The company reported a consolidated net profit of 383,937 or $.03 per share and revenue of $5,842.182, or $0.43 per share, for the 2009 fiscal year.
Business Overview
For fiscal year 2009, the Company reported revenues of $5,842,182 from its continuing operations (healthcare services business), compared to revenues from continuing operations of $4,989,139 during the comparable period in 2008.
The Company has received numerous requests for comparable public companies in our industry. The Company has provided the shareholders with Hythiam, Inc. as a comparable. Hythiam is traded on NASDAQ. Hythiam reported a net loss of $10,714,000 for the nine months ending September 30, 2009 on $1,346,000 in revenue for the same time period.
"When looking at Hythiam's market capitalization of $28,358,896 as of January 15, 2010 and their performance against Forterus's, we are excited about the possible increase in our matrices, including shareholder equity," stated CEO Paul Howarth. "We did not actively seek out or receive any financing through the issuance of our common stock in 2009. However, we may begin to explore such possibilities based on Hythiam's $7,000,000 capital raise in 2009. However, Forterus's Board feels the current market price and price throughout 2009 does not warrant the Company raising money through the issuance of its stock at this time."
About Forterus, Inc.
Forterus Inc. and its subsidiaries engage in diverse business activities, including drug and alcohol rehabilitation, and finance. For more information about Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com and http://www.abttc.com.
Forward Looking Statements
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains, and Forterus may from time to time make, written or oral 'forward-looking statements' within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Forterus's and/or its subsidiaries control that could cause actual results to differ materially from such statements. In particular, statements using words such as 'may,' 'should,' 'estimate,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'predict,' 'potential,' or words of similar import generally involve forward-looking statements.
CONTACT: Paul Howarth, 1-888-257-8345, ir@Forterushealthcare.com
SOURCE Forterus, Inc.
www.prnewswire.com
Copyright (C) 2010 PR Newswire. All rights reserved
I agree dfb Its very healthy for the stock IMO
Fter is going to close at .19 today
Forterus Announces It Is Operating at 100% Capacity
MURRIETA, Calif., Jan 26, 2010 /PRNewswire via COMTEX/ -- On January 26, 2010, Forterus, Inc. (Pink Sheets: FTER), announced that it is operating at 100% occupancy. The Company, on Friday January 22, 2010, temporarily leased a 3rd party sober living house to satisfy the increasing demand for its services.
Paul Howarth, Forterus' CEO, stated, "Last week we had to temporarily lease a sober living house. The number of clients we had exceeded our total bed count. We look for sustainable, scalable and profitable growth and, as a result, we don't rush major capital investments. The temporary lease provides the Company with the necessary time to permanently increase our capacity to meet the increasing demand for our services."
About Forterus, Inc.
Forterus, Inc. and its subsidiaries engage in diverse business activities, including drug and alcohol rehabilitation and finance. For more information about Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com/ and http://www.abttc.com.
Forward Looking Statements
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains, and Forterus may from time to time make, written or oral 'forward-looking statements' within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Forterus's and/or its subsidiaries control that could cause actual results to differ materially from such statements. In particular, statements using words such as 'may,' 'should,' 'estimate,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'predict,' 'potential,' or words of similar import generally involve forward-looking statements.
Contact:
Paul Howarth, CEO, Forterus Inc.
(888) 257-8345
ir@forterus.com
.1535 x .17
We are holding up well after such a high runner yesterday.
So what you are saying is "NO DILUTION"
I agree sheepb14. The gap needs to be tighter.
We may close at HOD today.
FTER: Get in on the dips. We are going to .30
ASSETS
Current Assets
Checking/Savings 145,737.67
Accounts Receivable 998,617.54
Other Current Assets 419,516.15
Total Current Assets 1,563,871.36
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=28177
Its not too often you see a company with a low float of 5 million shares and has an eps of .03 trading under $.40
I agree. I grabbed some on friday and also today. We could see .30s soon.
43% increase in Revenue from Fiscal 2008 to Fiscal 2009
1 market maker at .098 and then the next one up is .115
A close at .125 would be sweet. IMO
Treaty is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. The company's headquarters are located in Houston, Texas. For more information, please visit our website at: www.treatyenergy.com
FTER NEXT LEG COMING!!!
I just picked up some more shares. I couldn't resist.
"This has been a transformational year for Forterus and we are pleased with the Company's achievements. Even more so, we believe we have a strong foundation from which to grow our business and capitalize on future prospects and we remain focused in our determination to build shareholder value. While the struggling economy has impacted our business, we have continued to build upon our insurance contracts. We were delighted to have achieved positive net income of $383,937 and earnings per share of $.03 for the fiscal year 2009. Looking forward through 2010, if we continue to execute our key strategic initiatives and continue to adhere to the disciplines of our core business model, we should continue to see a steady increase in our core business. Furthermore, we will continue to make strategic investments in qualified and experienced staff, the major asset of any quality organization, to complement the investments to grow our bed count as we continue on a sustainable, scalable and profitable growth path in fiscal 2010."
Forterus Announces Fiscal Year 2009 Financial Results
MURRIETA, Calif., Jan. 22 /PRNewswire-FirstCall/ --
On January 22, 2010, Forterus, Inc. (Pink Sheets: FTER) announced its results of its 2009 Fiscal Year
Paul Howarth, Forterus's CEO, stated, "This has been a transformational year for Forterus and we are pleased with the Company's achievements. Even more so, we believe we have a strong foundation from which to grow our business and capitalize on future prospects and we remain focused in our determination to build shareholder value. While the struggling economy has impacted our business, we have continued to build upon our insurance contracts. We were delighted to have achieved positive net income of $383,937 and earnings per share of $.03 for the fiscal year 2009. Looking forward through 2010, if we continue to execute our key strategic initiatives and continue to adhere to the disciplines of our core business model, we should continue to see a steady increase in our core business. Furthermore, we will continue to make strategic investments in qualified and experienced staff, the major asset of any quality organization, to complement the investments to grow our bed count as we continue on a sustainable, scalable and profitable growth path in fiscal 2010."
Key Financial Highlights
$383,937 in Net Income for Fiscal 2009 compared to a loss of $1,671,525 in Fiscal 2008
$5,842,182 in Revenue For Fiscal 2009 compared to revenue of $4,089,139 in Fiscal 2008
435% increase in Net Income from Fiscal 2008 to Fiscal 2009
43% increase in Revenue from Fiscal 2008 to Fiscal 2009
$0.43 Revenue Per Share (on share count of 13,513,264)
$0.03 Earnings Per Share (on share count of 13,513,264)
The company reported a consolidated net profit of 383,937 or $.03 per share and revenue of $5,842.182, or $0.43 per share, for the 2009 fiscal year
Business Overview
For fiscal year 2009, the Company reported revenues of $5,842,182 from its continuing operations (healthcare services business), compared to revenues from continuing operations of $4,989,139 during the comparable period in 2008
The Company has received numerous requests for comparable public companies in our industry. The Company has provided the shareholders with Hythiam, Inc. as a comparable. Hythiam is traded on NASDAQ. Hythiam reported a net loss of $10,714,000 for the nine months ending September 30, 2009 on $1,346,000 in revenue for the same time period
"When looking at Hythiam's market capitalization of $28,358,896 as of January 15, 2010 and their performance against Forterus's, we are excited about the possible increase in our matrices, including shareholder equity," stated CEO Paul Howarth. "We did not actively seek out or receive any financing through the issuance of our common stock in 2009. However, we may begin to explore such possibilities based on Hythiam's $7,000,000 capital raise in 2009. However, Forterus's Board feels the current market price and price throughout 2009 does not warrant the Company raising money through the issuance of its stock at this time."
About Forterus, Inc
Forterus Inc. and its subsidiaries engage in diverse business activities, including drug and alcohol rehabilitation, and finance. For more information about Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com/ and http://www.abttc.com/
Forward Looking Statements
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains, and Forterus may from time to time make, written or oral 'forward-looking statements' within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Forterus's and/or its subsidiaries control that could cause actual results to differ materially from such statements. In particular, statements using words such as 'may,' 'should,' 'estimate,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'predict,' 'potential,' or words of similar import generally involve forward-looking statements
CONTACT: Paul Howarth, 1-888-257-8345,
DATASOURCE: Forterus, Inc
CONTACT: Paul Howarth of Forterus, Inc., 1-888-257-8345,
Web Site: http://www.forterushealthcare.com/
http://www.abttc.com/
I agree probart. We are seeing a first round of profit takers here. We will continue to move this week. There are not too many profitable pinks out there.
Forterus Announces Fiscal Year 2009 Financial Results
MURRIETA, Calif., Jan. 22 /PRNewswire-FirstCall/ --
On January 22, 2010, Forterus, Inc. (Pink Sheets: FTER) announced its results of its 2009 Fiscal Year
Paul Howarth, Forterus's CEO, stated, "This has been a transformational year for Forterus and we are pleased with the Company's achievements. Even more so, we believe we have a strong foundation from which to grow our business and capitalize on future prospects and we remain focused in our determination to build shareholder value. While the struggling economy has impacted our business, we have continued to build upon our insurance contracts. We were delighted to have achieved positive net income of $383,937 and earnings per share of $.03 for the fiscal year 2009. Looking forward through 2010, if we continue to execute our key strategic initiatives and continue to adhere to the disciplines of our core business model, we should continue to see a steady increase in our core business. Furthermore, we will continue to make strategic investments in qualified and experienced staff, the major asset of any quality organization, to complement the investments to grow our bed count as we continue on a sustainable, scalable and profitable growth path in fiscal 2010."
Key Financial Highlights
$383,937 in Net Income for Fiscal 2009 compared to a loss of $1,671,525 in Fiscal 2008
$5,842,182 in Revenue For Fiscal 2009 compared to revenue of $4,089,139 in Fiscal 2008
435% increase in Net Income from Fiscal 2008 to Fiscal 2009
43% increase in Revenue from Fiscal 2008 to Fiscal 2009
$0.43 Revenue Per Share (on share count of 13,513,264)
$0.03 Earnings Per Share (on share count of 13,513,264)
The company reported a consolidated net profit of 383,937 or $.03 per share and revenue of $5,842.182, or $0.43 per share, for the 2009 fiscal year
Business Overview
For fiscal year 2009, the Company reported revenues of $5,842,182 from its continuing operations (healthcare services business), compared to revenues from continuing operations of $4,989,139 during the comparable period in 2008
The Company has received numerous requests for comparable public companies in our industry. The Company has provided the shareholders with Hythiam, Inc. as a comparable. Hythiam is traded on NASDAQ. Hythiam reported a net loss of $10,714,000 for the nine months ending September 30, 2009 on $1,346,000 in revenue for the same time period
"When looking at Hythiam's market capitalization of $28,358,896 as of January 15, 2010 and their performance against Forterus's, we are excited about the possible increase in our matrices, including shareholder equity," stated CEO Paul Howarth. "We did not actively seek out or receive any financing through the issuance of our common stock in 2009. However, we may begin to explore such possibilities based on Hythiam's $7,000,000 capital raise in 2009. However, Forterus's Board feels the current market price and price throughout 2009 does not warrant the Company raising money through the issuance of its stock at this time."
About Forterus, Inc
Forterus Inc. and its subsidiaries engage in diverse business activities, including drug and alcohol rehabilitation, and finance. For more information about Forterus and A Better Tomorrow, please visit their respective websites at http://www.forterushealthcare.com/ and http://www.abttc.com/
Forward Looking Statements
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains, and Forterus may from time to time make, written or oral 'forward-looking statements' within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Forterus's and/or its subsidiaries control that could cause actual results to differ materially from such statements. In particular, statements using words such as 'may,' 'should,' 'estimate,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'predict,' 'potential,' or words of similar import generally involve forward-looking statements
CONTACT: Paul Howarth, 1-888-257-8345,
DATASOURCE: Forterus, Inc
CONTACT: Paul Howarth of Forterus, Inc., 1-888-257-8345,
Web Site: http://www.forterushealthcare.com/
http://www.abttc.com/
FTER is running hard today
Did you see the news from yesterday freakski, investors are starting to believe in treaty
"Treaty Energy is currently in the process of enhancing its website and will soon be including a page that will provide our investors monthly reports on the production of each of the company's wells. This method of providing information to our investors again illustrates our commitment to corporate transparency."
Treaty Energy (TECO) is engaged in the acquisition, development and production of oil and natural gas. The company acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty Energy to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. The company's headquarters are located in Houston, Texas. For more information, please visit our website at: www.treatyenergy.com
I know sveronic.
Yes it did!!!
CURRENT MANAGEMENT IS GETTING THINGS DONE
http://ih.advfn.com/p.php?pid=nmona&article=40846005&symbol=TECO
The second well is in the workover stage and will be completed by mid-January
One well has been re-entered and is currently producing in the 8 to 10 bbl per day range.
CRUDE OIL $73.76
"This acquisition, while small, is a first step in a much larger business plan with Green Light Energy. As this relationship develops further, we'll be sharing more information with our investors."
Did someone say NEWS? I think so......
We need to break through the resistance line at .018 to really move.
Nice Chart, another green day and we will be breaking out of the sideways trend
FUTURE NEW PRODUCTION-75 NEW wells PER YEAR
75 x 10bbls per day =750 bbls per day x 365 days =273,750 x Crude oil$73.50 =$20,120,625 with a fully max A/S that is $ .04 per share.
75 new wells will be drilled per year and the revenue will be .04 per share increase every year. This number will double every year.
That is a good find fmi81.