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Tuesday, July 05, 2016 12:52:43 AM
On October 4 2012 Farinella Stated:
CEDAR KNOLLS, N.J., Oct. 4, 2012 /PRNewswire/ -- Pazoo, Inc., (OTCBB: PZOO; German WKN#: A1J3DK) is pleased to announce that on Tuesday October 2, 2012 executed a binding letter of intent for the acquisition of New Jersey Based DMC Athletics & Rehabilitation, Inc. (DMC). DMC is a collection of Out Patient Orthopedic Physical Therapy and Personal Training Centers in Morris County, NJ.
DMC generated approximately $1,400,000 in revenues and $185,000 in profits in 2011. Revenues and earnings for the first 9 months of 2012 have already surpassed all of 2011 and DMC is expected to show a more than 40% growth in revenue and more than an 80% growth in profitability from 2011 to 2012. It is expected that with the addition of DMC, Pazoo will be a self-sustaining going concern. It is also important to note that DMC has positioned itself to expand revenues by more than 45% with no additional expense bringing monthly revenue to approximately $250,000 and profits of more than $100,000 per month or more than $1,200,000 per year. This profit can be accomplished because DMC's management had previously put in place and executed its expansion plans back in the spring of 2012
Yet ONLY $7000 was generated in last 3 months of 2012 and first 3 months of 2013 according to the corporate filing.
Ben Hoehn, James Farinella David Cunic, and Scott Weiner through entities they control sold Pazoo shares during that 6 month period.
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