PHOENIX, Aug. 4, 2011 /PRNewswire/ -- Universal Tracking
Solutions (Pink Sheets: UTRK), a fleet management GPS information
and tracking provider, today announced financial results for the
quarter ended June 30, 2011.
Revenue for the second quarter of 2011 was $166,259 compared with $144,113 in revenue for the same quarter of the
prior year, an increase of 15%. Net income was $33,696 in the second quarter of 2011, compared
with a net income (loss) of $(4,227)
in the second quarter of 2010, an increase of $37,923. Moreover, revenue for the second quarter
of 2011 was up $48,367 compared to
the first quarter of 2011, an increase of 41%.
Universal Tracking Solutions is laying the foundation for
becoming national provider of fleet management GPS information and
tracking systems. The Company has made numerous strides to progress
in a positive direction that management believes will build a
foundation for shareholders to see the benefits of in 2011 and
beyond. As Universal Tracking Solutions moves forward in 2011, the
Company expects both revenues and profitability to continue to
increase. Universal Tracking Solutions is focused on increasing
sales and exploiting new revenue producing opportunities.
Keith Tench, Chief Executive
Officer, commented: "We had a good quarter and our business
continues to grow. Consistent revenue growth reflects our
strengthening position as a premier fleet management GPS
information tracking company. Our outlook for 2011 continues to
remain positive and we remain confident about the market
opportunity ahead of us. We continue to experience growth in sales.
The Company continues to effectively execute its business plan and
we look forward to a strong second half of the year."
About Universal Tracking Solutions, Inc. (Pink Sheets:
UTRK)
Universal Tracking Solutions, Inc. (Pink Sheets: UTRK) is a
Mobility Solutions Company delivering the most advanced products in
GPS Fleet Management, Telemetry and Telematics. UTS provides these
solutions to a wide array of market verticals including but not
limited to construction, community transportation, governmental
agencies, HVAC, heavy equipment rental, transportation/logistics,
waste management, and many more. Third part integration and custom
development capabilities set UTS apart, giving clients the most
beneficial mobility management tools available.
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
UTS is dedicated to increasing shareholder value and investor
awareness. If you have any further questions or comments we would
be happy to speak with you further.
CONTACT:
Universal Tracking Solutions
Keith Tench, CEO
877-279-8877
ir@utsgps.com
www.UTSGPS.com
SOURCE Universal Tracking Solutions, Inc.