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Tricell Achieves Record Revenues for 2005 4/24/2006
STAFFORDSHIRE, England, April 24, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Tricell, Inc. (OTC Bulletin Board: TCLL), generated record revenues for the year ended December 31, 2005, of $662,903,832, compared to revenue for 2004 of $13,898,503. Tricell's previous revenue mark of $412,586,977 was set in 2002 prior to the decrease in trading activity as a result of VAT uncertainty. Trading operations recommenced in full in February 2005 when Tricell secured a 2,000,000 pounds Sterling line of credit. Because of the significant cost of this line of credit, Tricell discontinued its use in the fourth quarter of 2005, at which point we began financing all capital trading operations from revenues generated. Our June 30, 2005 acquisition of Ace Telecom Limited also contributed significantly to our revenue generation.
Similar to the increase in revenue, Tricell's gross profit for 2005 increased to $7,127,442 from $472,748 in 2004, and Tricell had a pre tax income of $158,583 in 2005 as compared to pre tax loss of $7,739,514 in 2004. Tricell had net income of $67,544 for the year ended 2005, as compared to net loss of $7,524,165 for 2004.
Net income for 2005 was lower than normal operations will provide as we utilized the line of credit to recommence trading. However, now that trading activities are funded with operating cash flow, Tricell hopes to reach profit margins of at least 1% of our revenues during 2006, which is customary for the mobile phone trading operations.
As a result of cost saving measures implemented, Tricell's selling, general and administrative expenses decreased to $5,913,036 for the year ended December 31, 2005, as compared to $8,029,391 for the year ended December 31, 2004.
Andre Salt, Tricell's CEO and Chairman of the Board, stated, "We at Tricell are very encouraged with our results from 2005, and look forward to increasing our revenue and profitability in 2006. We hope to conclude our acquisitions of N2J, which should further increase our revenues as we move forward."
Tricell is engaged in mobile phone operations in the secondary market, or after market, which involves transactions other than those directly between the mobile phone manufacturer and the retailer. We attempt to obtain our products at the best prices available and distribute these products to markets around the world at varying levels of maturity.
For more information, please visit Tricell's website at http://www.tricellinc.com , or the SEC's Edgar filing system at http://www.sec.gov , or call Jeff Nunn at 011 44 8707 532 360.
Disclaimer:
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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The company is based in England. 2 Subsid of theirs went through the equivalent of a CHapter 11 that turned into a Chapter 13. In England they have something called a VAT the monies from there was used to pay off the debt $1.7 Mil of the 2 Subs. This in essence increased the bottom line for the company by that $1.7Mil.
According to their 10K the O/S is actually 10,045,8877. Their revenue is huge. With the debt from the Subs no longer holding them down they could get back to where they were in 2004. Their were trading over $1.
This could be a real gem.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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Maybe their low mc is because their gross profit margin is only 1%. They are profitable however and have only diluted shares from 2004 to 2005 by approximately 5.3mm shares. Maybe one to radar. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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Sorry I missed that second 1 when I typed it in. Does make a difference.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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well there is one thing to say about that dude there, tenacious. I figured i would read one post and be done. Crap. that is some interesting info. It looks like its in a down trend but that may change with this new pr. I guess we will see tomorrow. thanks again rob. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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wow, just got home and saw the after hours revenues PR. Some huge numbers. How often do you see penny stocks with these kinds of sales? At a dime? Amazing... Should be fun, GL tomorrow. Go TCLL
Posts: 24 | From: Wisconsin | Registered: Aug 2005
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fellas, as far as I know? i-hub links have never been a problem, unless maybe they "clog" up a thread. I post i-hub links alla time, and post there as well.
i-hub does not do paid promos.
That's the no-no, here, too: paid promos.
As much as possible, Allstocks tries to provide an environment without that bias.
For sure, you never have to wonder: Is this an ALLSTOCKS PICK?
Here, it's as close to traders-interacting-with-traders as we can make it.
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Less than $100,000 in Net Income on 662 million in revenue though? I think they need to reconsider their mgmt structure...
Posts: 196 | Registered: Mar 2006
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I agree Ja Rule. Net income vs. Revenue is .01%. Would be interesting what the future will bring.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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The 10K is pretty thorough and you can read how they were able to survive the VAT debacle. And yes Dig7, those numbers are real. I remember seeing their name plastered all over football fields and jerseys, they sponsored one of the professional UK teams (soccer for the folks across the pond).
I agree, some interesting ihub stuff. Theres also a really good DD thread by some of the same folks and others on stock hideout, fyi. You can check there for more DD as well. Good luck
Posts: 24 | From: Wisconsin | Registered: Aug 2005
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Thanks gonefishin and good luck on your fishing opener. I am out of town and will miss the Minnesota fishing opener.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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how its possible to get in, when market is closed? its possible to buy stocks on pre-market?
Posts: 287 | From: prague | Registered: Jan 2006
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nice to see people finally talking about TCLL again on this board. I've been in this forever. Holding a boatload of shares. This isn't your typical otcbb pos stock. GLTA!
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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Tricell Achieves Record Revenues for 2005
