ICC Worldwide, Inc. (Pink Sheets:ICCW) today announced financial results
for the company’s third quarter of fiscal
2008. Revenue for the three-month period ended June 30, 2008 was $417,255—an
increase of 12% over the prior quarter’s sales
of $373,468. Even more notable was a dramatic rise (337%) in gross
profit resulting from the aggressive implementation of an evolved
business strategy which focuses on the communications needs of its
immigrant worker customers.
ICC’s President & CEO, Rich Lauer stated, “We
have worked diligently over the past quarter to put our strategy into
high gear. And despite significant restructuring, we achieved these
objectives while also making dramatic (31%) reductions in cash operating
expenses.”
FOR MORE DETAILS ON ICC’S LATEST RESULTS AND
AN UPDATE ON THE COMPANY’S BUSINESS STRATEGY,
PLEASE SEE THE AUGUST 19, 2008 PRESS RELEASE AT THE FIRM’S
WEBSITE: WWW.ICCWW.COM.
About ICC Worldwide:
ICC Worldwide, Inc. (Pink Sheets:ICCW) provides a specialized range of
communications services and products to the diverse immigrant worker
communities in Italy through a rapidly growing network of wholesale and
retail distribution centers. The firm’s
principal operating units are located in Italy; while ICC’s
U.S. headquarters is in the Southern California community of Corona del
Mar.
Forward-Looking Statements:
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of various Federal
securities laws. Those statements may include remarks regarding the
intent, belief or current expectations of ICC Worldwide, Inc., as well
as the assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties,
and that actual results may differ materially from those contemplated by
such forward-looking statements. The company undertakes no obligation to
update or revise forward-looking statements.
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