Knado, Inc.
Life & ART Group, Inc.: Year 2006, Announces Dividend and Business Activities for 2007
Life & ART Group, Inc. / Results Forecast/Dividend
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Best Ever Business Year for Life & ART Group, Inc., Announces Dividend as
well as planned Business Activities for 2007
Life & ART Group, Inc,. announced today that the past Calendar year was the
most succesful in its history. Preliminary numbers indicate that a net
profit of over $ 400,000 may be expected for 2006. The company is planning
to once again, as it did in past years, pay a dividend of 30 % based on the
stock capital in the amount of $ 1 million. This is equivalent to $ 0.003
per eligible share of Life & ART Group, Inc. for shareholders as of
1/1/2006. The long term goal is a 30 % annual dividend based on the capital
stock.
As planned, Life & ART Group, Inc. sold all minority ownerships in other
companies at the end of the year 2006 and as a result realized profits in
all these transactions.
For the first quarter of 2007 the plan calls for the purchase of a Majority
ownership in a profitable
Travel Company. This acquisition should be complete by Summer of 2007. It
is expected that this company will be contributing substantially to the
sales growth of Life & ART Group, Inc. and lead the company into a new
dimension.
Key Figures:
2006 * 2005 2004
Income derived from Business $ 425,000 $ 409,442 $ 330,832
Operations
Income before Taxes $ 410,000 $ 409,560 $ 329,159
Profit $ 405,000 $ 404,760 $ 317,223
Profit per share $ 0.0040 $ 0.0040 $ 0.0105
Shareholder equity $ 1,000,000 $ 758,413 $ 431,902
Profit as a percentage of 30.00 % 53.99% 76.59%
shareholder equity
* Estimated.
The final numbers for Calendar Year 2006 will be published in April 2007.
The Annual Report for 2006 will be available by the end of June 2007. The
Annual Shareholders meeting will be held in August 2007 in Dover, Delaware,
United States of America.
End of DGAP-News
Life & ART Group, Inc.
435 North Dupont Highway
Dover, DE 19903
United States of America
Phone (302) 678 3028
Fax (302) 678 0815
eMail: usa@lifeandartgroup.com
www.lifeandartgroup.com
DGAP 29.01.2007
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