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ATC Venture Group Inc. Announces Financial Preliminary, Unaudited Results For Third Fiscal Quarter

ATC Venture Group Inc. (AMEX:ATC) today announced its preliminary, unaudited financial results for the third fiscal quarter as follows:

             
For the nine months ended June 30, 2012 For the nine months ended June 30, 2011
 
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Operations Operations

Total

Operations Operations

Total

Sales $ 3,583,732 $ 5,557,682 $ 9,141,414 $ 7,981,162 $ 338,376 $ 8,319,538
Cost of goods sold   2,495,930       3,643,875       6,139,805   6,014,394         565,794         6,580,188  
Gross profit 1,087,802 1,913,807 3,001,609 1,004,932 (227,419 ) 777,513
 
Sales, general & admin 1,486,160 1,284,531 2,770,691 3,475,267 (200,415 ) 3,274,852
 
Other income (expense)   594,944       2,115,295       2,710,239   (81,241 )       (11,596 )       (92,837 )
Net income (loss) pre tax $ 196,585 $ 2,744,571 $ 2,941,156 $ (2,551,576 ) $ (38,600 ) $ (2,590,176 )
 
Net income (loss) $ 196,585     $ 1,709,571     $ 1,906,156 $ (1,695,535 )     $ (387,706 )     $ (2,083,241 )
 

The Company reported total sales, including sales from discontinued operations, of $9.14 million for the nine months ended June 30, 2012 compared to $8.32 million in the prior year.

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