Ct Healthmarket via BizWire
08-13-2003, 06:31 AM
OAK RIDGE, Tenn.--(BUSINESS WIRE)--Aug. 13, 2003--Diversified
Product Inspections, Inc. (OTCBB:DPRI), a provider of independent
product failure analysis, air contamination and fire investigations
for the insurance industry announced today, that the company reported
profits of $69,595 for the second quarter and a total of $160,846 for
the six months ending June 30, 2003.
John VanZyll, President and CEO said, "DPI reported profits for
the second quarter, which were primarily due to our continued
marketing efforts. The Company has increased revenues by 15% during
the last three months for a total of 30% during the last six months,
compared to the same periods in 2002. The net profits for the
six-month period were $160,846 compared to a loss of $191,947 for the
same period last year. Additionally, while attaining this growth, our
total operating expenses have decreased compared to 2002, due to a
decrease in general and administrative expenses, despite an increase
in salaries, since we have increased our number of employees. This is
the third consecutive quarter of profitability starting with the
fourth quarter of 2002.
About Diversified Product Inspections, Inc. (www.dpi-inc.com)
Launched in 1991 and headquartered in Oak Ridge, Tenn.,
Diversified Product Inspections, Inc. provides expertise and unbiased,
independent investigations on product failures, air contamination and
fire investigations of all multi-billion dollar markets which directly
impact three groups: the insurance industry, manufacturers and
consumers. In addition, DPI has developed an array of comprehensive
services for these three targeted groups, giving the company the
ability to better inform consumers of defective products and recalls
(http://www.homechecksafety.com), improve quality control processes
with manufacturers and work with the insurance industry to recover
funds via subrogation - a process whereby the insurer enforces its
right to recoup from any third party that caused the loss on behalf of
the policyholder.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Act of 1995. The
words "believe," "expect," "anticipate" and "project," and similar
expressions identify forward-looking statements, which speak only as
of the date the statement was made. Such statements may include, but
not be limited to, projections of revenues, income or loss, expenses,
plans, and assumptions relating to the foregoing. Forward-looking
statements are inherently subject to risks and uncertainties, some of
which cannot be predicted or quantified. Future results could differ
materially from those described in forward-looking statements.
Product Inspections, Inc. (OTCBB:DPRI), a provider of independent
product failure analysis, air contamination and fire investigations
for the insurance industry announced today, that the company reported
profits of $69,595 for the second quarter and a total of $160,846 for
the six months ending June 30, 2003.
John VanZyll, President and CEO said, "DPI reported profits for
the second quarter, which were primarily due to our continued
marketing efforts. The Company has increased revenues by 15% during
the last three months for a total of 30% during the last six months,
compared to the same periods in 2002. The net profits for the
six-month period were $160,846 compared to a loss of $191,947 for the
same period last year. Additionally, while attaining this growth, our
total operating expenses have decreased compared to 2002, due to a
decrease in general and administrative expenses, despite an increase
in salaries, since we have increased our number of employees. This is
the third consecutive quarter of profitability starting with the
fourth quarter of 2002.
About Diversified Product Inspections, Inc. (www.dpi-inc.com)
Launched in 1991 and headquartered in Oak Ridge, Tenn.,
Diversified Product Inspections, Inc. provides expertise and unbiased,
independent investigations on product failures, air contamination and
fire investigations of all multi-billion dollar markets which directly
impact three groups: the insurance industry, manufacturers and
consumers. In addition, DPI has developed an array of comprehensive
services for these three targeted groups, giving the company the
ability to better inform consumers of defective products and recalls
(http://www.homechecksafety.com), improve quality control processes
with manufacturers and work with the insurance industry to recover
funds via subrogation - a process whereby the insurer enforces its
right to recoup from any third party that caused the loss on behalf of
the policyholder.
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Act of 1995. The
words "believe," "expect," "anticipate" and "project," and similar
expressions identify forward-looking statements, which speak only as
of the date the statement was made. Such statements may include, but
not be limited to, projections of revenues, income or loss, expenses,
plans, and assumptions relating to the foregoing. Forward-looking
statements are inherently subject to risks and uncertainties, some of
which cannot be predicted or quantified. Future results could differ
materially from those described in forward-looking statements.
