Published:
TelcoBlue, Inc. Posts 2005 Audited Financials
Company Increases Net Income $779,745 for 2005
TelcoBlue, Inc. (PINKSHEETS: TBLU) is pleased
to announce that the Company has posted their 2005 audited financials. The
Company showed a net income of $246,382 for 2005, whereas in 2004 the
Company lost over $1 Million. In addition, the Company was able to
eliminate their outstanding debt of $536,264 in 2005 and is now debt free.
During 2005, the Company entered into settlement agreements with various
vendors that resulted in the reduction of its outstanding debt of $536,264.
This forgiveness of debt has been included as other income in the statement
of operations. TelcoBlue, Inc. reduced their general and administrative
operating expenses by $695,594 from $985,476 in 2004 to $289.882 for 2005.
"The Company is very pleased to provide the financial community with the
audited financials for 2005. We are working towards having our audited
financials current and plan on having the quarterly financials for 2006
available soon," stated Jim Turek, President and CEO of TelcoBlue, Inc.
About TelcoBlue, Inc.:
TelcoBlue, Inc., a Nevada corporation, is a professional photo packaging
operation, specializing in wedding albums, baby albums and photo mounts.
This press release contains "forward-looking statements." Forward-looking
statements are statements concerning plans, objectives, goals, strategies,
expectations, intentions, projections, developments, future events, or
performance, underlying (expressed or implied) assumptions and other
statements that are other than historical facts. These forward-looking
statements are only predictions. No assurances can be given that such
predictions will prove correct. Actual events or results may differ
materially. Forward-looking statements should be read in light of the
cautionary statements and risks that include, but are not limited to, the
risks associated with a small company, our comparatively limited financial
resources, and other factors that may adversely impact us. These or other
risks could cause actual results to differ materially from the future
results indicated or implied in such forward-looking statements. We
undertake no obligation to update or revise such statements to reflect
events, circumstances, or new information after the date of this press
release or to reflect the occurrence of unanticipated or other subsequent
events.
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Tags: ,Lifestyle and Leisure:Family, ProfessionalServices:OtherProfessionalServices, ,INTHPINK,INTHPINK,KY,LEXINGTON, KY
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