The Exciting Rise of Trucept, Inc.
Trucept, Inc. (OTCMKTS: TREP) has been making a spectacular run up the charts marking a memorable October running from double zeros to highs of $0.196. The stock trades like a winner with a tight float.
TREP is quickly turning into a serious revenue powerhouse and the stock has attracted many top traders in the small cap community who see the current move as just the beginning.
Trucept, Inc. (OTCMKTS: TREP) operating out of Escondido, California is an exciting Company operating in the Payroll Accounting Service business / industry within the Engineering, Accounting, Research, and Management Services sector. Trucept is the marketing arm of several nationally known Professional Employer Organizations. Trucept facilitates the sales for these PEOs and spun off its current payroll team while retaining its customer service platform. These moves allowed Trucept to leverage its extensive client contacts.
The big story on Trucept is the massive sales! Revenues for the 9 months ended September 30, 2018 were $6,973,811 up from $3,668,113 for the same period last year. Trucept unlike every other penny stock is already making money reporting a net income both this year and last year.
Trucept is led by serial entrepreneur Norman Tipton, Esq., who previously held management positions at SAIC, a Fortune 500 company, and the San Diego Union-Tribune. Since 1995 he has lectured as adjunct faculty in law-related upper-division courses at SDSU. In addition to earning a bachelor’s degree in journalism and a master’s in sociology, Tipton, a member of the California Bar, is a cum laude graduate of Thomas Jefferson School of Law.
Trucept, Inc. delivers employment and professional employer organization (PEO) services. The company’s wide range of services include human resource management, employee benefits, insurance, workers’ compensation, payroll management, safety management, training services, and more. In addition to Trucept’s human resource management business, the company provides temporary staffing services and a software licensing business that works with other staffing agencies. The company primarily targets small to medium size businesses and organizations within a variety of industries.
Employee benefits are a particular area of interest for Trucept, Inc. because they receive commissions on benefit sales, but most importantly, the company strives to deliver quality benefits that are generous and deliver value to the employee. Trucept, Inc. creates value for its business clients through outsourcing PEO and HR services that allows clients to focus on their core business and growth, provide superior employee benefits offerings that employees will want, and now streamline connecting workers and employers.
Earlier this month Trucept established a new human resources consulting service for Professional Employer Organizations and has added three new clients. CEO Norman Tipton said “The field of human resources for PEOs is a complicated matter. Trucept has the expertise to advise the PEO market in this area. We are looking forward to sustained growth in this market.”
On November 13 TREP announced it has published its third quarter results for 2018. The Company earned a net profit of about $135 thousand for the period ending September 30 on total revenues of $2.3 million. This marks its third consecutive profitable quarter. CEO Norman Tipton stated “While sales were slightly reduced, profits were proportionally up. Sales and marketing costs were reduced by 35 percent and its corporate payroll, general and administrative expenses were reduced by 10 to 14 percent.”
Currently trading at a $4.7 million market valuation Trucept is a really exciting Company boasting very significant exponentially growing revenues. The stock loves to run and trades like a winner skyrocketing up the charts attracting a large and fast growing shareholder base who sees the current run as just the very beginning. The Company has powerful management that is transforming Trucept into a revenue powerhouse. https://microcapdaily.com/the-exciting-rise-of-trucept-inc-otcmkts-trep/122465/