8000inc (EIGH.pk) Announces $2M USD performance in 6 month Group Review

Year to June 2010, $985K USD retained profit, $2.1M USD shareholder equity, 6000 Brand8000 items dispatched.

TORONTO, Aug. 30 /PRNewswire-FirstCall/ - From the Company's formal launch in October 2009, an interim review of subsidiary performance and the Company's stock, has revealed that the first six months figures for 2010 show a retained profit of $985,000.00, USD, shareholder equity of over $2,000,000.00 USD and over 6000 items of Brand8000 have been supplied to customers pre launch. The board is delighted to report this exceptional performance to its shareholders.

Thomas Kelly, CEO 8000inc, stated, "The figures provided by our assessors clearly prove that the current share price does not reflect the true value. At some point, there has to be a correction and the accepted significant short position inevitably covered. This is a fantastic report. For a company to deliver in this way to its shareholders inside 12 months is highly commendable. What is staggering about the performance is that the board set demanding targets which have been exceeded, and the Groups results will only increase as we announce further acquisitions and material events which will increase market share and position. I take encouragement with what we are doing, and I would hope that the shareholders feel the same. Company and stock progression, combined with performance and loyal share holders is what we have and what will deliver success for all."

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

SOURCE 8000inc

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED