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Warning Management Services Announces $5.2 Million Revenues for 2004; Up 195 Percent From 2003 6/20/05
BEVERLY HILLS, Calif., June 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- Warning Management Services, Inc. (OTC: WNMI), a full service model and talent agency and a staffing services company, today announced to its shareholders that it is making every effort to return to the Over the Counter Bulletin Board (OTC BB) regulated quotation service. Warning Management is a fully reporting company to the U.S. Securities and Exchange Commission (SEC), the key requirement for a stock to be traded on the OTC BB.
"It is unfortunate that the Company is now trading on the Pink Sheets and we are taking every step necessary to make sure that it returns to the OTC BB as soon as possible," said Brian Bonar, Chairman and CEO.
The Company recently filed its annual report with the SEC, with revenues totaling $5.2 million for 2004, up 195.5 percent compared to revenues of $1.7 million in 2003. Gross profit for the Company in 2004 was $1.01 million compared to $659,000 in 2003.
Warning Management Services develops and supplies models for fashion editorials in magazines, catalogs and newspaper advertisements and for advertising clients who use models in posters, websites, billboards and other outlets. Also, Warning Management models make TV, video and personal appearances.
The Company also owns Employment Systems, Inc., which provides staffing services and business processing services to municipalities and small businesses throughout Southern California.
bmarley5780
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Bottomliner
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quote:Originally posted by bmarley5780: Warning Management Services Announces $5.2 Million Revenues for 2004; Up 195 Percent From 2003.
bmarley We may be the only two people watching this stock . . . but I think it is an interesting company.
Moving backward to the pinksheets was not good news, but this earnings announcement and the "hope" that it will return to the OTCBB is certainly good news. I started watching it primarily because it used to be a bouncer . . . from low 20s to high 30s on little or no news.
Moving back to the OTCBB would likely spike the PPS, but I don't think I recommend buying it yet. Just too many odd events recently.
bmarley5780
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Yeah I was just posting the news, not in myself...
But interesting none the less.
Bottomliner
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Anyone have any news on this company?
WarningApparel
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From what i have heard on ragingbull is that both the photo division and the talent division are no longer with the company also steve chamberlain is not there anymore. These things were done to reduce cost which will make the company profitable. Bonar said that the auditors are working on getting the 1Q and the 2Q out and Omar has stated in a phone confersation with one of the ragingbull posters is that he was working on the clothing line. we should see 1Q and 2Q out at anytime and then return to the otcbb and then after that i believe we will see news about the trademark.
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