Future Tec, Inc.
Future Tec, Inc.: First half of 2007 shows double digit increase as planned
Future Tec, Inc. / Quarter Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Sales increased during the first 6 months of 2007 by 26.75 % to $ 132,834.00. (Previous year: $ 104,803.00) The main reason for this increase was the addition of new customers and the building of the subscription side of the business with existing clients. In addition, the content offering was increased which resulted in additional sales from existing clients. At the end of June 2007, Future Tec had 3,196 subscription clients. A cooperation agreement with Virgin Mobile USA (announced on April 30th, 2007) is contributing to this increase and will continue to drive sales and generate new customers in the second half of this year. Income before taxes was for the first 6 months of 2007 was -$ 67,807. During the first half of 2007 one time costs in the amount of $ 55,600 to get the company listed on the Frankfurt Stock exchange were incurred. One time technical changes in the amount of $ 41,000 were required and paid to the Content Provider which will improve efficiency and quicker delivery of products. For the second half of 2007, Future Tec, Inc. expects further growth in increased sales. At this point, the company forecasts sales in the amount of $ 900,000 with a balanced financial statement at the end of year. Because of carry over losses there will not be any taxes due on future profits for the time being. Dividends are currently not projected or planned to be paid to stockholders because of the desire to re-invest all profits back into company operations. Profit and Loss Statement of Future Tec, Inc. for January 1, 2007 until June 30th, 2007 1st 6 months 2007 Sales 132.834 Interest Income 504 Total Income 133.338 Cost of Sales 32.722 Advertising 33.326 One time expenses (Stock Exchange & Content) 96.600 General Operating Expenses 38.497 Income before Taxes (67.807) Income per share before Taxes (0,00135) Note: Financial Information is based on unaudited financial information generated by the company and contain rounded numbers. Contact: Future Tec, Inc. 435 North Dupont Highway Dover, DE 19903-0576 Unites States of America Phone: +1 302 678 5516 Fax: +1 302 678 0815 eMail: info@futuretec.us Internet: www.futuretec.us & www.sunnylogo.com Stock Information: CUSIP 36116N1046 WKN A0LGPE ISIN US36116N1046 Symbol FT3 Boersen Frankfurt (Open Market), Berlin, Stuttgart (Freiverkehr) und XETRA© 04.09.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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