Rent Finders USA, Inc. Cuts Expenses by Over $81,000 and Increases Gross Profits by 33% in October Wednesday November 29, 8:31 am ET
WEST PALM BEACH, FL--(MARKET WIRE)--Nov 29, 2006 -- Rent Finders USA, Inc. (Other OTC:RFDU.PK - News) is pleased to announce that the Company has reduced expenses by $81,712 during the month of October 2006 and increased their gross profits by 33%.
ADVERTISEMENT Rent Finders USA's gross profit was up by $33,000 due to the change in agent commission percentages that took effect on October 1, 2006. The Company also reduced their expenses by altering the Company's manager compensation package. This change plus the associated decrease in payroll tax expenses equaled $64,000 in reduced payroll expenses.
"We have continued to strengthen our bottom line by maintaining our strategy to reduce expenses and streamline our compensation plans. As we continue to keep costs down, we believe that we can continue to increase value to our shareholders," stated William H. Luckman, CEO of Rent Finders USA, Inc.
Rent Finders USA, Inc. recently announced that the Company has applied to the State of Connecticut for its Real Estate Brokerage license. Rent Finders USA is continuing to pursue its aggressive expansion strategy, recognizing the potential in entering the nation's major real estate markets.
About Rent Finders USA, Inc.:
Rent Finders USA, Inc. (http://www.rentfindersusa.com) is a full-service Real Estate Broker that specializes in landlord services. Rent Finders USA, Inc. opened its offices in 2001, and has quickly become one of America's fastest-growing real estate companies, successfully operating multiple locations in Florida and New York and having completed in excess of 40,000 real estate transactions since the company's inception in 2001.
SAFE HARBOR ACT: This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors, currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Posts: 267 | From: newyork | Registered: Mar 2005
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
