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Invicta Group Inc. 1st Quarter Revenues Up 1,000%
Wednesday May 23, 9:00 am ET
FT. LAUDERDALE, FL--(MARKET WIRE)--May 23, 2007 -- Invicta Group Inc. (OTC BB:IVGR.OB - News) announced today the 1st Quarter financial results and filing of their 10Q.
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Invicta's 1st Quarter revenues were $254,907 for quarter ending March 31,2007 versus revenues of $25,061 for the same period in 2006.
Invicta's operating losses for the 1st Quarter 2007 were $156,275 compared to the same period losses in 2006 totaling $153,166. The loss per share for 2007 were ($.058) compared to 2006 loss per share ($.048).The company also wrote off $785,107 of Goodwill from the 1st Quarter acquisition as an Asset Impairment Charge, a one time charge, increasing losses to $941,382.
Invicta expects revenues to continue to increase and will strive to reduce losses, and focus on generating a profit in the near future.
INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company has 2 subsidiaries that both use the Internet as their key media to generate revenues: Travel Hot Link sells its Internet database of 40 million travel enthusiasts to Travel Suppliers that want to promote their discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins on the Internet 24/7; and Maupintour, an upscale escorted Tour Operator that offers over 90 tours to over 50 Countries, uses the Internet to promote their tours to Travelers and Travel Agents.
Contact:
Additional information:
Contact:
David Scott
COO
dscott@invictatravelgroup.com
or
www.invictatravelgroup.com
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Source: Invicta Group Inc.
Invicta Group Inc. 1st Quarter Revenues Up 1,000%
Wednesday May 23, 9:00 am ET
FT. LAUDERDALE, FL--(MARKET WIRE)--May 23, 2007 -- Invicta Group Inc. (OTC BB:IVGR.OB - News) announced today the 1st Quarter financial results and filing of their 10Q.
ADVERTISEMENT
Invicta's 1st Quarter revenues were $254,907 for quarter ending March 31,2007 versus revenues of $25,061 for the same period in 2006.
Invicta's operating losses for the 1st Quarter 2007 were $156,275 compared to the same period losses in 2006 totaling $153,166. The loss per share for 2007 were ($.058) compared to 2006 loss per share ($.048).The company also wrote off $785,107 of Goodwill from the 1st Quarter acquisition as an Asset Impairment Charge, a one time charge, increasing losses to $941,382.
Invicta expects revenues to continue to increase and will strive to reduce losses, and focus on generating a profit in the near future.
INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company has 2 subsidiaries that both use the Internet as their key media to generate revenues: Travel Hot Link sells its Internet database of 40 million travel enthusiasts to Travel Suppliers that want to promote their discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins on the Internet 24/7; and Maupintour, an upscale escorted Tour Operator that offers over 90 tours to over 50 Countries, uses the Internet to promote their tours to Travelers and Travel Agents.
Contact:
Additional information:
Contact:
David Scott
COO
dscott@invictatravelgroup.com
or
www.invictatravelgroup.com
--------------------------------------------------
Source: Invicta Group Inc.
