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Invicta Group Inc. (OTC BB:IVGA) announces the 3rd Quarter results September 30, 2004: Sales were 1,540 times ahead of sales for the same period September 30, 2003: $2,279,808 versus $1,480 respectively. The first 9 months ending September 30, 2004 sales increased 560 times to $8,345,650 vs. $14,906 September 30, 2003. Invicta reported a loss for the 3rd Quarter of 2004 of $389,949 for the quarter ending September 30, 2004, a loss of $0.007 per share; versus losses of $145,711 in 2003, $0.005 per share loss. The increase in losses are due to investments in marketing Invicta Group Inc. and its 5 subsidiaries. Bill Forhan, CEO of Invicta Group Inc. states: "Sales continue to grow as well as loses, but management is convinced that our investment in technology for online reservations will reduce operating cost, make our websites user friendly and will generate profits in the future. Invicta will continue to invest in marketing each subsidiary in an effort to further increase sales in the 4th Quarter."
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Invicta Group Inc. cautions readers not to place undue reliance upon any such forward looking statements.
KEYWORD: NORTH AMERICA FLORIDA UNITED STATES INDUSTRY KEYWORD: ENTERTAINMENT TRAVEL DESTINATIONS LODGING TRANSPORTATION EARNINGS SOURCE: Invicta Group Inc.
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