Universal Tracking Solutions (OTCBB:UTRK) today announced revenue of $217,452 for its fourth quarter ending December 31, 2008, down approximately 9% from revenue of $240,693 in the fourth quarter of 2007. For fiscal 2008, UTS had revenue of $1,189,044, up approximately 48% over fiscal 2007. Net loss decreased 71% from $297,640 in 2007 to only $87,314 in 2008. Operating expenses decreased approximately 3% from $536,987 in 2007 to $521,637 in 2008.

Terry Horne, CFO states, �2008 has proven to be another banner year for Universal Tracking Solutions. We managed to decrease our year over year expenses while growing our revenues 48%. We did all of this while decreasing our losses by over 70%.�

Keith Tench, CEO of UTS states, �UTS weathered a difficult 4th quarter in a very tough environment and we are pleased with our year over year growth. The Company grew almost 50% in one of the most challenging markets since the great depression. The company is disappointed with its recent stock performance, but we understand that it has a lot to do with market conditions and not as much to do with our individual company. The Company feels undervalued being that our market capitalization is under $1 million, which is currently less than our sales not to mention the value of our clean public vehicle.�

Please visit our website at www.universaltrackingsolutions.com to see more of our latest enhancements, investor relations information, and information about our company.

UTS is dedicated to increasing shareholder value and investor awareness. If you have any further questions or comments we would be happy to speak with you further.

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

Universal Tracking Solut... (CE) (USOTC:UTRK)
Historical Stock Chart
Von Okt 2024 bis Nov 2024 Click Here for more Universal Tracking Solut... (CE) Charts.
Universal Tracking Solut... (CE) (USOTC:UTRK)
Historical Stock Chart
Von Nov 2023 bis Nov 2024 Click Here for more Universal Tracking Solut... (CE) Charts.