CMARK Announces Over 200% Increase in Sales Bookings for First 3 Quarters of 2007
COLUMBIA, S.C., Oct. 2 /PRNewswire-FirstCall/ -- CMARK International Inc. (OTC Pink Sheets: CMKI), a leading provider of logistical and facility support to federal government institutions today announced that its bookings of new contract awards for the first three quarters of 2007 total over $ 14,500,000 which is an increase of over 200% from the same period of 2006. Contracts awarded for third quarter alone totaled $9.2 mm, which is an increase of 196% over the third quarter of 2006.
"As was true after the end of the second quarter, much of the increase in business can be attributed to our intense development efforts over the past two years," said Charles W. Jones, Jr., President and CEO of CMARK. As we begin to emerge from our development phase where we have made significant financial investments in staffing, training, and expanding our geographic operational base and product offering, the company is starting to reach the sales goals that were set forth in our business plan. The results of this period reflect a large number of contract awards over a broad geographic base and include many different products. In addition our primary funding partner, Trafalgar Capital Advisors, a Luxembourg based alternative investment fund, has enabled us to have the necessary capital to work effectively during this development phase of our company."
"We currently have 6 functioning offices in the U.S. as well as support activities and strategic alliances in Europe and Asia. In addition to reaching the financial goals that we have set out, we are also proud of our increasing employment of veterans and service disabled veterans as well as the true diversity of our corporate makeup which we consider a serious accomplishment. With the current backlog reflecting these contract awards and a stronger corporate focus on business development we should carry this significant momentum into the fourth quarter and further into 2008."
CMARK International, Inc. is a Service Disabled Veteran Owned Small Business (SDVOSB) in accordance with Public Law 108-183, which mandates a minimum goal of 3 percent of all U.S. government contracts for supplies and services be allocated to SDVOSBs.
Forward Looking Statements:
Statements contained in this press release which are not historical facts are known as forward-looking statements as that item is defined in the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Act of 1995. These forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. The forward- looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements
Source: CMARK International Inc.
CONTACT: Jamey Smith of Trinity Media Group, Inc., +1-877-574-9222,
ir@cmark.org, for CMARK International Inc.
Web site: http://www.cmark.org/
| Organizations | CMARK International |
|---|---|
| Source | |
| Submitter | John Warner |
| Tags | Miscellany |
Related Posts
- GE Energy Receives Commitments for $750 Million to Supply EDF With Gas Turbines for European Projects
- Wild American Shrimp Board Agrees To Implement New Self-Funding Measures
- Vision Technology Co./ViTech Machine Tool Expands
- JPS Industries, Inc. Reports Third Quarter Results
- The Department of Defense Is Looking for a Few Good Manufacturers
