Send2Press Newswire
Sun, 11 May 2008 18:57:33 GMT
Phoenicia Group Tops Libya Analyst Expectations
TRIPOLI, Libya, Nov. 28 (SEND2PRESS NEWSWIRE) -- Phoenicia Group Libya LLC (www.phoenicia-group.net), the leading U.S.-Libyan diversified business firm and consultancy group, surprised Libya market watchers and investors with a near 300% jump in operating profit, hitting 34 Million USD, up from 12 Million USD in the same period in 2005.
 The boost is buoyed by a string of acquisitions and an aggressive corporate restructuring strategy launched by Ryad Sunusi, a prominent U.S.-educated Libyan businessman, consultant, and founder of the Libyan American Business Council; who since taking control in 2004 as acting interim President & CEO of Phoenicia Group, has introduced radical changes propelling the Phoenicia Group and its 12 wholly owned subsidiaries and affiliates into the leading private Libyan business group overseeing an estimated 150,000,000 USD portfolio in the oil & gas, construction, tourism, telecommunications, health, services, and agribusiness sectors in Libya, and investments in the U.S., Middle East, and Europe.
Richard Harrison, Chairman of Dubai's Al-Tawfiq, which invests in high-growth sectors in emerging markets, and holds a 20% stake in Phoenicia Group, said, "Phoenicia Group's record expansion and growth just exemplifies what good management, leadership, and patience can do in an emerging market like Libya -- our expectations are spot on target."
Core services offered to U.S. and international investors and companies include Risk Management, Commercial Advisory/Business Law, Communication, Concept Development, Contract Negotiations, Distribution, Marketing, Sourcing, Strategy, and Total Project Management.
In a prepared statement, Ryad Sunusi, who will remain as Phoenicia Group interim President & CEO, said, "The past year has been a very active one-tripling of operating profit and acquisition of several subsidiaries and affiliate companies in Libya. We are encouraged by the liberal economic reforms and see a bright future for our clients, partners, and associates."
"U.S. and international companies looking at the Libyan Market need to employ the same common sense and due diligence when choosing partners and agents in Libya as in other vital business decisions; success in Libya can to a very large degree relate to having proper representation by a reputable and experienced local partner," he noted.
Phoenicia Group currently represents several multi-national companies in Libya and maintains project management roles in key projects for foreign investors in Libya.
"We anticipate even stronger performances in 2007 over 2006, with the integration of our new acquisitions in Libya," Mr. Sunusi assessed.
About Phoenicia Group Libya, LLC
Phoenicia Group, a U.S.-Libyan professional business services company, establishes and advises on interoperability issues in the Libyan Market with technology, and devises, researches and implements market entry and risk management strategies for U.S. companies wishing to establish a foothold for commerce in Libya.
For more information, visit www.phoenicia-group.net.
Copyright © 2006 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, Libyan American Business Council, Phoenicia Group
Tue, 28 Nov 2006 13:25:00 GMT
Landmark National Bank Reports Profit for 2005 First Quarter
SAN DIEGO, Calif. -- (SEND2PRESS NEWSWIRE) -- Landmark National Bank (OTC BB: LMRK), which commenced operation on August 26, 2002, reports March 31, 2005 assets of $75,245,273 compared to March 31, 2004 assets of $48,864,564, an increase of 54%. As of March 31, 2005, loans totaled $52,405,039, compared with $22,398,302, an increase of 134%. During the same period, deposits increased from $41,200,020 to $68,664,645, an increase of 67%. The bank experienced a profit of $3,209 for the first three months of 2005, compared to a loss of $535,548 for the first three months of 2004.
On April 4, 2005, Landmark National Bank and Legacy Bank, N.A. announced that they have entered into an agreement and plan of reorganization and merger under which La Jolla-based Legacy Bank N.A would merge into Landmark National Bank, subject to the approval of the regulatory authorities and shareholders. The banks will operate under the Landmark National Bank name, and Ron Carlson and F.J. "Rick" Mandelbaum will continue their roles of Chairman/CEO and President of the merged institution. The banks will merge their La Jolla Offices into the Landmark National Bank office at 7817 Ivanhoe, La Jolla.
About Landmark National Bank
Landmark National Bank offers traditional full-service banking to individual customers, professionals and small- and medium-sized businesses. In addition to a variety of deposit accounts, the bank offers a mix of loan products that include business and professional loans, as well as Small Business Administration loans and consumer, installment, home equity, construction and real estate loans.
Landmark National Bank's headquarters are located at 937 Lomas Santa Fe Drive (I-5 and Lomas Santa Fe Drive) in Solana Beach. Hours are Monday through Thursday, 9 a.m. to 5 p.m., and Friday, 9 a.m. to 6 p.m. Call (858) 509.2700 or (800).509.4008. The La Jolla office is at 7817 Ivanhoe Avenue in La Jolla. Hours are Monday through Thursday, 9 a.m. to 5 p.m., and Friday, 9 a.m. to 6 p.m. Call (858) 332.1000.
For more information, contact info @ landmarknationalbank.com, or visit www.landmarknationalbank.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities. Any such offer or solicitation would be made only by a Prospectus.
Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance, regulatory matters and those discussed in filings by the Bank with the Office of the Comptroller of the currency.
Copyright © 2005 Send2Press® Newswire, a unit of Neotrope®
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Thu, 14 Apr 2005 17:02:00 GMT
FIRM Delivered 37% Revenue Growth in 2004
NEW YORK, NY /Send2Press Newswire/ -- FIRM, the world's leading provider of online survey & reporting software, has announced $13.3 million in revenue for 2004, an increase of 37% from $9.7 million in 2003. FIRM's EBITDA result was $1.2 million in 2004, compared with $67,000 in 2003.
"We are very pleased with the results for 2004. The growth continued as planned in the fourth quarter and enabled us again to deliver an increase in revenue of more than 37 percent for the year. Delivering such organic growth combined with a dramatic increase in the EBITDA result is of course very satisfactory," says FIRM's Chairman, Lars Ahlberg.
FIRM continues its positive development from 2003, when the growth was 40% compared with the previous year. The company has in recent years been one of the fastest growing companies in Europe. In Q4 of 2004, the EBITDA result was $1.2 million compared with $0.4 million in Q4 of 2003. Revenue in Q4 of 2004 was $4.8 million compared with $3.5 million in Q4 of 2003.
FIRM also expects the organic growth to continue in 2005.
"The 2004 growth was as planned and we have clear ambitions to continue our strong pattern in 2005. Deals with several large international and Scandinavian companies were signed in the last quarter of 2004. This is of course very inspiring and demonstrates our competitive edge," says Lars Ahlberg.
FIRM's revenue outside Scandinavia increased from 83 percent in 2003 to 86 percent in 2004. This trend is expected to continue in 2005.
"FIRM has become the world's leading software company providing online survey and reporting solutions to Global 1000 companies and market research companies. The market for our products is global and in a strong growth pattern. Our technological leadership has enabled us to gain market share and this is something we will continue to do," says Lars Ahlberg.
About Future Information Research Management Inc. (FIRM)
FIRM is the world's leading provider of online survey & reporting software. The company's state of the art Web-based software, Confirmit, is used for customer satisfaction surveys and employee satisfaction surveys as well as market research surveys. Results from these studies are instantly made available for key decision makers through Confirmit's bespoken report platform, Reportal.
For further information regarding FIRM and Confirmit, please see www.confirmit.com
Copyright © 2005 Send2Press® Newswire, a unit of Neotrope®
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Mon, 24 Jan 2005 14:03:00 GMT
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