posted
Any one keeping an eye on wnmi? Warning(R) trademark for clothing line malia jones swimsuit line and sun and hair care products out soon revenues for the 4q will be up at least 10,000% (from 33k to at least 3.3M) new website being updated
[ February 21, 2005, 07:03: Message edited by: Bob Frey ]
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i can't find anything to suggest that they will be increasing their revenues that much?
just that they have increased the OS to about 1.27 billion....
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Dalrada Financial Corp. Reports Fiscal 2005 Second Quarter Results, 35% Increase in Sales and 54% Reduction in SG&A Expenses via COMTEX
March 1, 2005
Jones Appointed Chief Financial Officer
SAN DIEGO, March 1, 2005 /PRNewswire-FirstCall via COMTEX/ --
Dalrada Financial Corporation (OTC Bulletin Board: DRDF) today announced that it has filed its second quarter report for the quarter ended December 31st, 2004 on Form 10QSB.
Dalrada reported revenues of $4.9 million for the quarter ended December 31st, 2004, a 35% increase over the comparable prior year period.
Dalrada's net income (loss) from continuing operations improved in excess of 100% resulting in an income of $193K compared to a loss of ($1,507,000) in the comparable prior year period
Dalrada's temporary staffing services business increased in excess of $1 million, a 40% increase over the comparable prior year period. The increase in temporary staffing services revenue was due to the addition of new clients and increased demand from existing customers.
Dalrada reduced its operating loss by reducing its SG&A expenses by 54% and increased gross profit resulting from higher revenues.
Dalrada continues to focus on further cost reductions combined with increased revenues. The Company will continue to focus on its temporary staffing business while pursuing other value added PEO and technology clients.
Brian Bonar, Chairman and CEO commented, "We are pleased with our quarter end results but will not be satisfied until the company can, on a continuous basis, report positive earnings combined with growth. Over the past reporting periods we have continued to reduce costs and expenses and will continue to do so wherever practicable."
"Our continued growth in temporary staffing services combined with PEO Services and a refocus on the technology business markets will continue to provide growth and presents great promise for the future," said Bonar.
Additionally, Dalrada announces the appointment of Randall A. Jones to the position of Chief Financial Officer (CFO). Mr. Jones joins Dalrada with considerable experience in all accounting aspects of publicly traded and privately held companies. Most recently, Mr. Jones was CEO of South Coast Corporate Development Inc., a privately held consulting firm specializing in publicly traded companies. Prior to South Coast, Mr. Jones was a Senior Auditor with Deloitte Touche & Company, providing auditing and consulting services for clients in the banking, retail, aerospace, real estate, pharmaceutical and insurance industries. Mr. Jones graduated, with honors, from California State University, Fullerton, and holds a B.A., Business Administration-Accounting.
Mr. Jones currently acts as CFO for Warning Management Services, Inc. (OTC Bulletin Board: WNMI)
About Dalrada Financial Corp.
Dalrada Financial Corporation (OTC Bulletin Board: DRDF) was founded in 1982. Headquartered in San Diego, California, the Company provides a variety of professional services related to human resources to businesses.
In addition to its temporary staffing business, Dalrada provides a variety of innovative financial services to businesses, including comprehensive human resource administration and employee benefits such as health insurance, HSA savings plans, and 401(k) plans. Dalrada also offers debit card payroll accounts and payroll advances. These services enable small employers to offer benefits and services to their employees that are generally available only to large companies.
Information on the Company is available at the Dalrada Financial Web site at www.dalrada.com.
About The Solvis Group
The Solvis Group consists of InfoServices, M & M Nursing Services and Call CenterHR.
InfoServices, Inc. (ISI) is a minority business enterprise (MBE) headquartered in Madison Heights, Michigan. The company offers a variety of information technology services and products for automatic data collection (AUTO-ID) and RFID, wireless infrastructure, hardware/software staging, inventory/material management, and IT staffing/personnel services. ISI's customer base includes such companies as Delphi, DaimlerChrysler, IBM and Ford Motor Company. In addition it has partnership programs with nationally recognizable Fortune 500 companies such as Sony, EDS, PeopleSoft, Oracle, and Microsoft. ISI was most recently awarded vendor of the year for Delphi. For more information visit the InfoServices website at www.infoservices-usa.com.
M & M Nursing Services, headquartered in Southfield, MI, provides services to hospitals throughout the Metropolitan Detroit and San Antonio markets. The company specializes in supplying nursing professionals to both hospitals and other health care facilities on a temporary/full time basis. In addition, due to its strong reputation in the health care market, M & M has expanded into the home health care industry. For more information visit the M & M Nursing Services website at www.mandmnursing.com.
Call CenterHR, headquartered in Jackson, MI, is the leading provider of Human Resource solutions to the Call Center industry. With over 700 employees located at facilities in Jackson, MI and Johnstown, PA, Call CenterHR specializes in providing cutting edge human resource solutions that allow its clients to run their operations more efficiently and effectively. As one of the largest employers in both markets, Call CenterHR provides its employees excellent opportunities for growth and development within the organization.
About Quik Pix Inc.
Established in 1982, QPI (Pink Sheets: QPIX) is a subsidiary of Dalrada Financial Corporation (OTC Bulletin Board: DRDF). The Company is a premier visual marketing support firm. Located in Buena Park, California, QPI provides a spectrum of services to produce fine color visuals, both digital and photographic, using state of the art technology. Its premier product, the patented PhotoMotion images(TM) multi-image transparencies, is a unique color medium that uses existing originals to create the illusion of movement and allows for three to five distinct images to be displayed with an existing lightbox. QPI visual marketing products are sold to a wide range of varied clientele including advertisers and their agencies. Information on the Company is available at its web site: www.colorvisuals.com.
Quik Pix produces, develops, manufactures, licenses and distributes high-quality digital imaging, color management and color profiling solutions for everyone from major corporate customers to individuals using the Internet. It serves the worldwide needs of digital imaging with its award winning ColorBlind(TM) products www.color.com.
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
For further information, please contact: Brian Bonar, Chief Executive Officer of Dalrada Financial Corporation, +1-858-277-5300, bbonar@dalrada.com.
SOURCE Dalrada Financial Corporation
Brian Bonar, Chief Executive Officer of Dalrada Financial Corporation, +1-858-277-5300, bbonar@dalrada.com http://www.prnewswire.com Copyright (C) 2005 PR Newswire. All rights reserved.
-------------------- Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant .... If at first you don't succeed, then skydiving definitely isn't for you.
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