Invicta Group Inc. Revenues up 750% in 3rd Quarter; 100% for 9 Months Wednesday November 15, 11:00 am ET
Losses Shrink to $40,828 in 3rd Quarter
FT. LAUDERDALE, FL--(MARKET WIRE)--Nov 15, 2006 -- Invicta Group Inc. (OTC BB:IVGA.OB - News) announced today the 3rd Quarter financial results and filing of their 10Q. ADVERTISEMENT
Invicta's 3rd Quarter operating losses decreased to $(40,828) compared to $(125,634) losses for 3rd Quarter 2005. The loss per share for 2006 was ($.0000) compared to 2005 loss per share ($.001). Losses for the 9 month period ending 9/30/2006 were $(283,642) compared to losses of $(717,569) for the same period 2005.
Invicta reported revenues of $129,840 for 2006 3rd Quarter compared to $16,808 for the 3rd Quarter 2005. The revenue increase is due to the company's change of business model to an Internet Media Company. The nine month revenues for 2006 are double the nine month 2005: 9/30/2006 revenues are $206,601 versus 2005 revenues were $98,041.
Invicta's CEO William Forhan stated, "Management's goal is to continue to increase revenues for Travel Hot Link, our Internet Media Company, and complete Strategic Alliances that increase our technology and revenues. Invicta has announced the signing of a Letter of Intent to acquire an Emarketing Company that has an Email database of 70 Million; the completion of the acquisition will strengthen Invicta's Database offering Emarketing services to new clients."
INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 70 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site www.travelhotlink.com
-------------------------------------------------------------------------------- Source: Invicta Group Inc.
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I agree, just do something to keep me interested here. I think our day is here for pypr just wait till after lunch. I'm hopeing for a big eod run.
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I guess thats what makes the beer taste so good at the end of the day, have one for the mm's to since they control every damn thing we do here.
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