CORONA DEL MAR, Calif. - (Business Wire) ICC Worldwide, Inc. (Pink Sheets:ICCW) today announced financial results for the company
’s third quarter of fiscal 2008. Revenue for the three-month period ended June 30, 2008 was $417,255
—an increase of 12% over the prior quarter
’s sales of $373,468. Even more notable was a dramatic rise (337%) in gross profit resulting from the aggressive implementation of an evolved business strategy which focuses on the communications needs of its immigrant worker customers.
ICC’s President & CEO, Rich Lauer stated, “We have worked diligently over the past quarter to put our strategy into high gear. And despite significant restructuring, we achieved these objectives while also making dramatic (31%) reductions in cash operating expenses.”
FOR MORE DETAILS ON ICC’S LATEST RESULTS AND AN UPDATE ON THE COMPANY’S BUSINESS STRATEGY, PLEASE SEE THE AUGUST 19, 2008 PRESS RELEASE AT THE FIRM’S WEBSITE: WWW.ICCWW.COM.
About ICC Worldwide:
ICC Worldwide, Inc. (Pink Sheets:ICCW) provides a specialized range of communications services and products to the diverse immigrant worker communities in Italy through a rapidly growing network of wholesale and retail distribution centers. The firm’s principal operating units are located in Italy; while ICC’s U.S. headquarters is in the Southern California community of Corona del Mar.
Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of various Federal securities laws. Those statements may include remarks regarding the intent, belief or current expectations of ICC Worldwide, Inc., as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements.
For Investor Inquiries:
Please visit the company's website: www.iccww.com, or email: info@iccww.com
Trading Symbol: ICCW.PK
ICC Worldwide is a Trademark of ICC Worldwide, Inc.
All other trademarks and registered trademarks are properties of their respective owners.
ICC Worldwide, Inc.
Lori Anderson, 949-200-7569
Fax: 949-612-0201
www.iccww.com
