VILLA PARK, CA, United States / ACCESSWIRE / Aug 19, 2014 / Carlos Arreola, President of Service Team Inc. (OTCBB: SVTE), announced today that Service Team Inc. is reporting positive results for the three month period ending May 30, 2014. The company reported sales of $450,237 and a net profit of $74,622. Overall performance for the nine months year to date totaled sales of $1,370,355 with a net loss of only $12,261.
The company has now expensed all of the organization and acquisition cost of acquiring Trade Leasing Inc. and is projecting annual sales of 1.9 million dollars with profits in excess of $100,000 for the year ending August 31, 2014.
Mr. Arreola stated: “I am very pleased that we have turned the corner on profitability and look forward to excellent year end results and the end of the next quarter.
Service Team Inc. is a public company with its stock listed on the OTC-BB using the symbol SVTE.
The information contained herein contains certain forward looking statements within the meaning of Section 27A of the Securities Act as amended and Section 21E of the Securities Exchange Act as amended and the Private Securities Litigation Reform Act of 1995 and is subject to the Safe Harbors created thereby. While the Company believes that the assumptions underlying such forward looking information are reliable, any of the assumptions could prove inaccurate and therefore there could be a difference between the actual and predicted results.
For more information:
Review the Company’s web sites at:
President, at the Company’s office
Source: Service Team Inc.