Trucept Inc. Files Third Quarter Results

Company significantly reduces liabilities including an increase in performance

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Nov 24, 2020, 08:00 ET

SAN DIEGO, Nov. 24, 2020 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) Trucept Inc. ("Trucept") recently filed its third quarter financial results for the calendar year 2020. The company reported income of $3,124,071 for the three months ended September 30^th, 2020 compared to $2,092,567 during the same period in 2019.

The company also resolved disputed tax liabilities and has accordingly restated for the year 2020, as part of this quarterly filing. This resulted in a significant reduction in liabilities.

"We are very pleased with our third quarter results and are looking forward to finishing the year strong and having an exciting 2021," said Norman Tipton, CEO of Trucept.

About Trucept Inc.

True solutions, today and tomorrow: Trucept Inc. helps organizations focus on growing their business. With a dedicated suite of powerful tools and services designed to put business owners in charge of running their businesses and increasing efficiency, Trucept tackles a variety of important administrative needs and provides a host of value-added advantages. The company offers expert business services in the form of payroll, human resources and management, employee benefits, accounting support, safety and risk management, and marketing and technology services. For more information, call 858-798-1620 or visit https://truceptservices.com/.

Disclaimer

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.

SOURCE Trucept Inc.