CybeRelease: (OTC: BDGR) Gets Featured Report From OTC Reporter
(CybeRelease, April 4, 2006) - Lake Harmony, PA - OTCReporter.com’s “Featured Company”, Black Dragon Resources (OTC PK: BDGR), has announced major revenue increase news this morning. The following is an edited version.
Black Dragon Resource Companies, Inc. (BDGR) announced that it expects its sales for the fourth quarter ended December 31, 2005, on an unedited basis to be approximately $709,000, up almost 26% over the previous quarter. Sales for the 2005 fiscal year end December 31 are expected to total approximately $1.655 million. The revenues for the year increased sequentially during the year; $421,000 for the first and second quarter combined; $525,000 for the third quarter and $709,000 for the fourth quarter. The Company expects revenues for the first quarter 2006 to approach $1 million, a record quarter for the Company and an increase of over 41% from the last quarter of 2005.
The Company expects an audit of its year-end numbers to be completed in the next ninety-days.
Mr. Rick Michael, President of Black Dragon stated, “Our recently released reserve report and report by Red Chip Companies have both confirmed our asset base and revenue potential. We are gratified by our results for 2005 and expect this momentum to continue into 2006. We believe that our revenue goal for 2006 of approximately $14 million is highly achievable.”
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