Black Dragon Resource Companies Inc (BDGR)

[57tbird]

WHEW!

Black Dragon expects record-breaking 2006 revenue
Austin Business Journal - April 4, 2006

Austin oil and gas recovery company Black Dragon Resource Companies Inc. is likely to record more than 25 percent sales growth for the fourth quarter of fiscal 2005.

Black Dragon expects its sales for the fourth quarter, ended Dec. 31. 2005, to be about $709,000, an increase of 26 percent, compared with the previous quarter.

Sales for the 2005 fiscal year are expected to be about $1.7 million, according to the company.

During 2005, Black Dragon's revenue increase sequentially: $421,000 for the first and second quarter combined, $525,000 for the third quarter and $709,000 for the fourth quarter.

Black Dragon expects revenues for the first quarter 2006 to approach $1 million, a record quarter for the company.

An audit of its year-end numbers will likely to be completed in the next 90 days, according to Black Dragon.

"We are gratified by our results for 2005 and expect this momentum to continue into 2006," says Rick Michael, president of Black Dragon.

"We believe that our revenue goal for 2006 of approximately $14 million is highly achievable."