Capital Oil & Gas, Inc. Reports Higher Than Expected 3Q Revenues
Posted on: Monday, 20 October 2008, 12:00 CDT
HIALEAH, Fla., Oct. 20 /PRNewswire-FirstCall/ -- Capital Oil & Gas, Inc. , today reported better than expected third-quarter results, overall operating revenues increased as well as net profits.
For the three months ended September 30th, the Florida based company said overall revenues increased by 8% ($547,210.08) to $7,387,326.08 while net profits increased 4% ($273,605.04) to $957,605.04.
The company attributed the exceptional results during extraordinary economic times to the addition of the Mel's pizza franchises to its locations along with the dropping cost of oil and growing consumer spending as gasoline prices continue to fall.
At the same time the company stated that it continues to maximize every revenue generating possibility at its locations by adding additional products and services that appeal to their consumers.
About Capital Oil & Gas, Inc.:
Capital Oil & Gas operates retail filling stations/convenience stores/fast food operations throughout the State of Florida; the company is aggressively seeking additional acquisitions of comparable business operations and other additional synergetic related business that can enhance revenues and profits that will meet its required financial criteria.
You may visit us at: http://www.capitaloilgroup.net/
This press release contains certain forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Capital Oil & Gas, Inc.
CONTACT: Ariel Rodriguez of Capital Oil & Gas, Inc., +1-305-556-7701,info@capitalgroup.net
Web site: http://www.capitaloilgroup.net/
Source: PRNewswire-FirstCall
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