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CTXI name change, shorts covering?
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[QUOTE]Originally posted by J_U_ICE: [QB] Centrex Inc. Releases Interim Financials For The Company http://www.centrexglobal.com/PR2006Financials.html SAN DIEGO -- December 19, 2006-- Centrex, Inc. (OTC Pinksheets:CTXI) today released its interim financial statements on Pinksheets.com. The financials cover the years 2004, 2005 and the first nine months of 2006. Stated Jeffrey Flannery, CEO of Centrex, Inc., “The financial report reflects the business activity in Centrex up to September 30, 2006, which is prior to its change in business focus to MicroCars and the international license agreement we acquired on October 10, 2006. Prior to these events, we had acquired a small chain of video stores with the idea to expand into the online video service. Total revenues in 2006 were from the video distribution subsidiary and nearly 60% of the operating expenses were attributable to that subsidiary as well. Management has made the decision that the MicroCars project will be the Company’s primary focus on a go forward basis.” Added Mr. Flannery, “I do want to note that we have made some progress in reducing the company’s debt from 2005 to the present. I expect to show even greater improvement by the end of the year. Also, we have tried to minimize operating expenses until the business was more fully functional and I believe we have done a very good job at containing those costs.” More information on the Centrex, Inc. can be found at [URL=http://www.centrexglobal.com.]www.centrexglobal.com.[/URL] Information on MicroCars, Ltd. can be found at [URL=http://www.microcars.lk.]www.microcars.lk.[/URL] Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CTXI are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CTXI actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CTXI has no specific intention to update these statements. Source: Centrex, Inc. [/QB][/QUOTE]
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