MATRIX Penny Stocks

[mikeo56]

rsgc

here is their website....http://www.rsgc.com/

Latest earnings out Nov 19


Nov 19, 2004 - RS Group of Companies Achieves First Quarter of Profitability

November 19th, 2004

RS Group of Companies Achieves First Quarter of Profitability

Reports 3Q04 EPS of $.05
Reiterates FY2004 Guidance of $2,000,000 in Net Earnings
Current Cash Balance Exceeds $4,000,000
Toronto, ON Canada — RS GROUP OF COMPANIES, INC. (OTCBB: RSGC) (the "Company"), a provider of pass-through risk specialty insurance and reinsurance products, announces financial results for its fiscal 2004 third quarter ending September 30, 2004. The Company earned a net profit of $3,170,722, or $.05 per diluted share, on revenues of $7,481,682 for the quarter.

The Company further reiterates guidance for its fiscal year ending December 31, 2004 of over $2,000,000 in net earnings. Commenting on the Company's latest results, CEO John Hamilton stated, "Our current cash position increased to more than $4,000,000 due to strength in our brokerage segment. We continue to execute our business plan, as two sizeable customers have signed up with VGV, our timeshare value guarantee program. I am confident that we are fully funded and poised to achieve further milestones in our other operating segments."

The Company is structured as a holding company for an integrated group of businesses that operates in four distinct operating segments: residential rental guarantee, timeshare value guarantee, financial guarantee, and specialty insurance brokerage.

About RS Group of Companies, Inc.

RS Group of Companies, Inc. (http://www.rsgc.com) has developed and is implementing a strategy to design, structure and sell a broad series of pass–through risk specialty insurance and reinsurance platforms throughout North America. In November 2003, through its wholly owned subsidiaries, the Company introduced its core pass-through risk solution, RentShield™ (http://www.rentshieldexpress.com), a Residential Rental Guarantee Program being offered to North America's $300 billion residential real estate rental market. It is estimated that there are over 38 million rental units in the United States and Canada. Rental Guarantee was first developed in Finland to provide surety to residential property developers and is being used as an extremely effective marketing tool in the United Kingdom for the buy–to–let market. It protects investments in the rental units by receiving a guaranteed income on a certain timeline.