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PayPro, Inc Net Profit up 2582% over 2nd Quarter 2006
DALLAS, Nov 15, 2006 (BUSINESS WIRE) -- PayPro Incorporated Posts Third Quarter Net profit of $3,642,556 up 2582% over 2nd Quarter 2006.
The Company posted its financial results today for the year-to-date ending September 30, 2006. The total revenues for the nine months were $22,656,344. The results showed a 213% gain in quarterly revenue over the 2nd Quarter of 2006, with 3rd Quarter revenues of $11,163,226 compared with $5,250,460 in revenues for the 2nd Quarter of 2006. The Net profit for the nine months totaled $3,962,975. The results showed a 2582% gain in net profit over the 2nd Quarter of 2006, with 3rd Quarter Net profit of $3,642,556 compared with 2nd Quarter Net profit of $141,064.
PayPro CEO Mike Terrell stated, "I am very pleased with our progress considering that none of our major ventures or acquisitions will be reflected until the 4th quarter 2006. We will continue to execute our business plan to assist in the commercial integration of Latin America into the economic development of the western hemisphere, Pan-America, and the rest of the world. We will continue our investment in Pan-American companies and infrastructure projects in Panama, Costa Rica, Mexico, Venezuela and the Caribbean, while protecting our Flora, Fauna and water resources. PayPro promotes the individual commitment to family carbon neutrality status "Sponsoring Micro Forests" in our fight against Global Warming."
About PayPro Incorporated:
PayPro Incorporated (Pink Sheets:PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ONLINE as follows:
Visa prepaid cards, e-commerce merchant accounts, Life insurance policies, Gold transactions, Telephony services, Text messaging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection, Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward Looking Statements is not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
SOURCE: PayPro Incorporated
CONTACT: PayPro Incorporated, Dallas
Mike Terrell, 214-774-4870
Copyright Business Wire 2006
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KEYWORD: United States
North America
Texas
INDUSTRY KEYWORD: Technology
Internet
Telecommunications
SUBJECT CODE: Earnings
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