Grand Perfecta, Inc. Announces Preliminary Results From July 31, 2014 Fiscal Year End
TOKYO, Oct. 1, 2014 /PRNewswire/ -- Grand Perfecta, Inc. (OTCBB: GPIW) today reported their July 31, 2014 year-end preliminary unaudited financial results. These preliminary results are still subject to adjustment as the company is working with its auditors to transition from Japanese GAAP to US GAAP and prepare audited financial statements for the July 31, 2014 fiscal year end. Key points include:
- Sales for the period ending July 31, 2014 are reported at US$22.5 million, compared to sales of US$17.8 million for the same period ending 2013, a year over year growth rate of 20%.
- EBITDA for the period ending July 31, 2014 of US$3.8 million compared to US$2.1 million for the same period in 2013.
- Net profit for the period ending July 31, 2014 before taxes is estimated to be US$2.2 million, or US$0.072 per share compared to US$426,831, or US$0.015 per share for the same period in 2013.
"Our management controls and new marketing efforts have allowed us to increase revenues and net margins while reducing corporate debt which has strengthened our balance sheet. We look forward to continued growth and to providing top quality products and services to our valued clients." stated Shuya Watanabe, Grand Perfecta's CEO.
About Grand Perfecta, Inc. (GPIW)
Grand Perfecta, Inc. is a provider of data analytics, research publications and the distribution of horse racing and other related information in Japan. Grand Perfecta's management is a team of professionals in the horse racing services industry with over 70 employees. The Company has used its expertise to achieve considerable success with more than one million subscribers in Japan, distributing its product via various media, including print, internet and text messaging and telephonically. The Company also publishes Umajin, a horse racing magazine in its 15th year of production. Additionally, Grand Perfecta has produced several books on horse racing and has overseen the production and management of TV programs and events in horse racing and other sports industries. Grand Perfecta is a Nevada corporation with offices in Las Vegas, Tokyo, Hong Kong and Singapore.
Grand Perfecta, Inc. maintains a website at www.g-perfecta.com while financial information can be viewed at www.otcmarkets.com. Investor and other inquires may be directed to Ms. Chio Sasaki at email@example.com
Notice Regarding Forward-Looking Statements:
This news release may contain "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Statements in this press release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed such as sales and the timelines within which such items may be accomplished. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time.
SOURCE Grand Perfecta, Inc.
Released October 1, 2014