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Press Release Source: Unicorp, Inc.
Unicorp Announces a 360% Increase in Revenue for the Nine Month Period Ended September 30, 2006
Wednesday November 8, 4:05 pm ET
HOUSTON--(BUSINESS WIRE)--Unicorp, Inc. (OTCBB:UCPI - News) announced today its revenue for the nine months ended September 30, 2006 was $564,495 compared to $122,688 for the same period in 2005. This represents a 360% increase over the 2005 period. Revenue for the 2006 third quarter was $287,766. This is an increase of 96% over the previous second quarter of 2006 of $146,579 and an increase of 169% over the same period in 2005 of $106,838.
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Unicorp had also previously announced that it expected the total revenue for 2006 to be up more than 300% compared to 2005 and to be profitable, excluding non-cash charges, from operations by the end of fiscal 2006. The complete financial results will be filed by November 14, 2006 and can be viewed at the SEC web site at www.sec.gov.
"We are pleased that our revenue has grown significantly and we continue to have great expectations as we complete this year and move into 2007," stated Kevan Casey, CEO of Unicorp. "We have identified and are participating in many prospects and have several that will drill before the end of fiscal 2006 and, if successful, will add significantly to our cash flow. We are very positive about our outlook and continue to focus on projects that will continue to add value to our company and shareholders."
About Unicorp
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development
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HomeInvestingNews & OpinionRetirementBanking & CreditLoansInsuranceSmall BizSpecial EditionsColumnistsPersonal FinanceInvesting IdeasMarketsCompany FinancesProvidersGet QuotesSymbol LookupFinance Search
Press Release Source: Unicorp, Inc.
Unicorp Announces a 360% Increase in Revenue for the Nine Month Period Ended September 30, 2006
Wednesday November 8, 4:05 pm ET
HOUSTON--(BUSINESS WIRE)--Unicorp, Inc. (OTCBB:UCPI - News) announced today its revenue for the nine months ended September 30, 2006 was $564,495 compared to $122,688 for the same period in 2005. This represents a 360% increase over the 2005 period. Revenue for the 2006 third quarter was $287,766. This is an increase of 96% over the previous second quarter of 2006 of $146,579 and an increase of 169% over the same period in 2005 of $106,838.
ADVERTISEMENT
Unicorp had also previously announced that it expected the total revenue for 2006 to be up more than 300% compared to 2005 and to be profitable, excluding non-cash charges, from operations by the end of fiscal 2006. The complete financial results will be filed by November 14, 2006 and can be viewed at the SEC web site at www.sec.gov.
"We are pleased that our revenue has grown significantly and we continue to have great expectations as we complete this year and move into 2007," stated Kevan Casey, CEO of Unicorp. "We have identified and are participating in many prospects and have several that will drill before the end of fiscal 2006 and, if successful, will add significantly to our cash flow. We are very positive about our outlook and continue to focus on projects that will continue to add value to our company and shareholders."
About Unicorp
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development
