Dynasty Limousine Inc. Releases Q1 2012 Quarterly Report and Information Statement, Posts Record First Quarter Earnings
JACKSONVILLE, Fla., May 15, 2012 /PRNewswire/ — Dynasty Limousine Inc. (PINKSHEETS: DNYS), a full service Luxury Transportation and Limousine firm covering the southeast United States, has released the results from operations in the first quarter of 2012.
The period represents the best start in the company’s 14 year history. Revenues, net profit and assets were up over the same period one year ago. “Dynasty added many new vehicles to its fleet in the latter part of 2011 and this helped contribute to a great start in 2012,” stated Pierce Fleming, Dynasty’s CFO. “Our clients are excited about our new offerings, and we have plans to further upgrade our fleet and services throughout the year. We are continuing to offer the highest level of service that Dynasty is known for, even as the company grows and adds additional clients. We would like to thank our professional team of dispatchers, chauffeurs, and office personnel for providing a great experience to our valued customers.”
Interested parties can access the full report and information disclosure via the following link: http://www.otcmarkets.com/financialReportViewer?symbol=DNYS&id=81411
About Dynasty Limousine Inc.
Dynasty Limousine is a full service Limousine and Transportation firm with offices in Jacksonville and Orange Park, Florida. The Company was founded in 1998 and currently operates a fleet of 17 Limousines, Luxury Sedans, and Limousine Buses with service areas primarily in the Southeast United States. The Company is a member of the National Limousine Association, and has a nationwide affiliate network to handle all domestic service requests. Dynasty currently has 18 employees, and is actively seeking acquisitions and expansion into additional markets.
Dynasty maintains an A+ accredited BBB rating, and was named a National top three finalist for “Limousine Operator of the Year” by LCT Magazine for 2009, 2010, 2011 and 2012. Additional company information may be accessed via Dun and Bradstreet, OTCmarkets.com, or by visiting the Investor Relations area located on our corporate websites. At the time of this release, the total number of shares issued and outstanding is 14,509,275 with an estimated float of 2,176,391. The increase in outstanding shares and float was due to a 3:1 forward split that was executed in the first quarter of 2012.
Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this release, are forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company’s products and services, increased levels of competition for the Company, new products and technological changes, the Company’s dependence on third-party vendors, and other risks detailed in the Company’s prospectus and periodic reports filed with the Securities and Exchange Commission. Dynasty Limousine Inc. undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE Dynasty Limousine Inc.