USSPI Media Sets Annual Meeting Date And Reports on 2012 Financial Results
HUDSONVILLE, Mich., March 28, 2013 /PRNewswire/ — USSPI Media, Inc. (USPI:OTC) formerly Alternate Marketing Networks, Inc. (ALTM:OTC) has scheduled its annual meeting of stockholders on June 6, 2013 at its Schaumburg office located at 428 E. State Parkway, Schaumburg, Illinois 60173, for stockholders of record as of the close of business on April 30, 2013.
The Company reported a net profit after tax of $567,639 on gross sales of $20,591,781 for its fiscal year ending December 31, 2012. The Company reported income tax expense of $344,355. The unaudited financial statements were prepared by management. The Company became a non-reporting company pursuant to a Form 15 filed with the Securities and Exchange Commission effective January 2, 2004 and does not currently plan to produce audited financial statements or an annual report to the shareholders or to solicit proxies for the annual meeting. The Company does however provide current unaudited information on the OTC Disclosure and News Service (www.otcmarkets.com) under the stock symbol USPI. The Company currently has 8,046,656 shares issued and outstanding.
USSPI Media’s sole operating subsidiary, National Home Delivery, Inc., is a media buying agency that specializes in national digital and newspaper placement and provides turnkey digital offerings to a network of local media partners. This is accomplished through the Company’s three brand names, U.S. Suburban Press (USSPI), Specialty Media Solutions (SMS) and eZips from USSPI Media.
The Company provides national advertisers in the U.S. with targeted advertising on a hyper-local level as well as a one-order, one-bill system. The Company has over 2,000 newspapers in its proprietary database as well as technology partnerships for local digital products.
USSPI Media, Inc.
4675 – 32(nd) Avenue
Hudsonville, MI 49426
USSPI Media, Inc., and Subsidiary
Selected Financial Data
Twelve months ended December 31, (unaudited) 2012 2011 2010 Net Sales $20,592 $20,969 $24,362 Income from operations $912 $925 $1,482 Income tax expense (benefit) $344 $329 $570 Net income after tax $568 $596 $912 Weighted average shares-diluted 8,046,656 8,046,656 8, 046,656 Diluted earnings per share $0.07 $0.07 $0.11
Statements in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. The forward-looking statements can generally be identified by words such as “believes,” “anticipates,” “expects” or words of similar meaning. Forward-looking statements also include statements relating to the Company’s future performance, such as future prospects, revenues, profits and cash flows. The forward-looking statements are subject to risks and uncertainties, which may cause actual results to be materially different from any future performance suggested in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements.
SOURCE USSPI Media, Inc.