CORRECTION: Tesoro Enterprises, Inc. issues financial report
Jan 31, 2015
OTC Disclosure News Service
– Tesoro Enterprises, Inc. (TSNP) issued on Friday, January 23, 2015, its quarterly financial report for the period ended September 30, 2014. Net Sales for the three months ended September 30, 2014 was $224,632, a threefold increase over the Net Sales for the three months June 30, 2014 of $72,511. Net Income for the three months ended September 30, 2014 was $14,228 compared to Net Income of $3,918 for the three months ended June 30, 2014, an increase of $10,310.
TEI’s CEO, Henry Boucher, reported that the significant increase in Net Sales and Net Income was due primarily to the growth in the builder.remodeler segment of the retail flooring subsidiary, Fashion Floor Covering Tile, Inc. He added that this segment generally slows down at the end of the forth quarter and remains slow through the end of the first quarter due to weather in the northeast.
Safe Harbor Statement: This press release contains forward-looking statements that reflect the Company’s current expectations regarding future events. Actual events could differ materially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises, Inc. are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on the forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the Company from time to time with the Securities and Exchange Commission.
Tesoro Enterprises, Inc.
426 Danbury Road
Wilton, CT 06897
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