Business Services Industry
ABC Dispensing Technologies Releases Sales Forecast
Business Wire, Oct 28, 2005
LAS VEGAS -- Gourmet food and beverage products manufacturing company ABC Dispensing Technologies, Inc. (Pink Sheets:ABCI)released their projected Income/Expense Statement for year ending 2006.
"The company projections of $42 million in gross revenue with a first year pre-tax profit of $12 million will be driven by sales of our highly touted `au Le Cadeau' natural mountain spring water and `Le Bon Table,' ABC's gourmet line of frozen dinners for two," says Denise Sullivan, ABC's President.
Further, the company projects earnings to more than double in 2007 attributed to the hiring of marketing guru, Rob Crosbie as reported last week.
"What Rob Crosbie brings to ABC is marketing credibility and strategy. We've always felt strongly about initially obtaining a strong foothold in the Las Vegas market and pushing out from there. Mr. Crosbie has proven that he can do just that," explains Sullivan.
ABC revenue is projected to climb more than 150% in 2007 with sales projections topping $114 million for "au Le Cadeau" and $76 million for "Le Bon Table" leaving a pre tax profit of $77 million after the deduction of 40% for cost of goods sold.
This press release contains forward-looking statements within the meaning of section 27a of the Securities Act Of 1933, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Such forward looking statements involve known and unknown risks and uncertainties.
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