From StockExplode.com
One of our most recent picks, IVIT, just released the outstanding Q1 results that we have all be waiting for! These numbers are actually better than we anticipated, and with the current PPS at only .0006, we are expecting a very nice reaction to this news tomorrow! There will be some investors that are hesitant to enter the market until we all see what happens after the crazy day the DOW had today, but we do not see that stopping the potential run that IVIT could have if this news spreads through the right channels before tomorrow's open. We should be able to tell how investors will react to this news within the first 5 minutes after the opening bell, so do yourselves a favor, and watch IVIT very close at the open tomorrow, and remember what we told you a few weeks ago...." IVIT is sitting in a drum of explosives, and the lit fuse is working its way there! Its not a question of IF IVIT will explode.....Its a question of WHEN!"
IVIT
www.ivitgroup.com
The Invicta Group is a conglomerate with an aggressive sales and marketing team that utilizes shared overhead and resources like office space, technology, administrative employees, legal and accounting services, creative and design tools, and IT solutions. The synergies allow a lower cost of entry into the marketplace and almost instant start up capabilities for new products, services, and clients.
Invicta Group Increases First Quarter Revenue In 2010 By Over $4,750,000 From First Quarter In 2009 And Increases Gross Profit By Over $650,000 For The Quarter
CHICAGO, May 6 /PRNewswire-FirstCall/ -- Invicta Group, Inc., is pleased to announce the results of Operations for the Three Months Ended March 31, 2010 Compared to the Three Months Ended March 31, 2009.
Revenues for the three months ended March 31, 2010 ("First Quarter 2010") were $4,917,122 compared with $152,072 for the three months ended March 31, 2009 ("Fourth Quarter 2008"). That is an increase of $4,765,050 for the quarter.
Gross Profits for the three months ended March 31, 2010 ("First Quarter 2010") were $663,567 compared with $4,244 for the three months ended March 31, 2009 ("First Quarter 2009"). That is an increase of $659,323 for the quarter.
Net Income for the three months ended March 31, 2010 ("First Quarter 2010") was $300,915 compared with a loss of ($58,452) for the three months ended March 31, 2009 ("First Quarter 2009"). That is an increase of $359,367 in Net Profit for the quarter.
The total assets of the Invicta Group as of 03/31/10 were $3,454,457.
CEO of the Invicta Group, Paul Sorkin, said, "I was elected CEO of the Invicta Group in late June of 2008 and since that time we have completely turned this company around. We have been able to execute many of our business plans and I am very proud of our team. We finished Q1 2010 with almost $5,000,000 in revenues and substantial profits for the quarter. We are positioning ourselves for long-term growth and sustainability and we are continuing to evaluate a number of opportunities. The most popular current questions from shareholders are related to the convertible note structure, why the stock price and our market cap are so low, and what our future outlook is? To answer those questions for everyone, the convertible notes can be paid back in cash or stock. As for the stock price, some people like to use formulas based on current or future earnings or revenues so I can only suggest everyone does their own math and come up with their own opinions of what is a reasonable market cap. As for the future outlook, my vision has always been to create a solid foundation, with a quality team, where we could utilize shared resources to grow. We have accomplished that so far and it has helped us succeed so we will continue to create as many efficiencies as we can to help us improve. I believe in the experienced and quality team we have put together and I feel we are positioned very well to maximize all future relationships and opportunities to help this company report solid numbers for years to come."
