April 1, 2020
Company posts impressive year-over-year growth
SAN DIEGO, CA – April 1, 2020 – Trucept Inc. (OTC Pink: TREP) recently published its year-end report for 2020 on March 31. The report shows $12.3 million in revenues versus $9.4 million in 2019. The increase is largely from great success in management fees that the company specializes in, CEO Norman Tipton said.
Additionally, net income was $1.1 million in 2020 versus $400,000 in 2019. During 2020, the company also acquired Afinda Inc. payroll services and UWS Insurance.
“These acquisitions were vital to the scope of services Trucept offers to its clients,” Tipton said.
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.
For more information, call 858-798-1620 or visit https://trucept.com
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.
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