Link to Annual report: http://www.otcmarkets.com/financialReportViewer?symbol=JNSH&id=74661
Press Release JNS Holdings Inc. March 12th 2012
JNS Holdings Corporation Announces Fiscal Year 2011 Results
CHICAGO, Mar 12, 2012 (BUSINESS WIRE) -- JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has reported its audited financial results for its fiscal year ending December 31, 2011. The audited compiled financials will be uploading to OTC Markets.
JNS Power & Control Systems, Inc. reported revenues of $1,126,417, gross profits of $506,274 or 45% and net income of $79,991 or 7%. JNS' 2011 intercompany sales were $1,477,421 compared to $766,857 in 2010, a 93% increase from the previous year.
S&H Leasing, Inc. reported revenues of $72,897, including net income of $40,658 or 56%.
Jean Howe, President and Chief Executive Officer stated, "During 2011, the economic downturn continued to negatively impact the construction industry. However, we did not see the substantial decline that many of our competitors experienced. Our 2011 results reinforced our decision to diversify our business strategy to include new green technology projects, including electric vehicle chargers and wind turbines. We were able to generate additional revenue sources, which I believe not only helped increase sales but set-up JNS to outperform many competitors who struggled during this economic slowdown."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: JNS Holdings Corporation
CONTACT:
JNS Holdings Corporation Jean Howe - President, (847) 577-3795 www.jnsholdings.com info@jnsholdings.com
Copyright Business Wire 2012
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Press Release JNS Holdings Inc. March 12th 2012
JNS Holdings Corporation Announces Fiscal Year 2011 Results
CHICAGO, Mar 12, 2012 (BUSINESS WIRE) -- JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has reported its audited financial results for its fiscal year ending December 31, 2011. The audited compiled financials will be uploading to OTC Markets.
JNS Power & Control Systems, Inc. reported revenues of $1,126,417, gross profits of $506,274 or 45% and net income of $79,991 or 7%. JNS' 2011 intercompany sales were $1,477,421 compared to $766,857 in 2010, a 93% increase from the previous year.
S&H Leasing, Inc. reported revenues of $72,897, including net income of $40,658 or 56%.
Jean Howe, President and Chief Executive Officer stated, "During 2011, the economic downturn continued to negatively impact the construction industry. However, we did not see the substantial decline that many of our competitors experienced. Our 2011 results reinforced our decision to diversify our business strategy to include new green technology projects, including electric vehicle chargers and wind turbines. We were able to generate additional revenue sources, which I believe not only helped increase sales but set-up JNS to outperform many competitors who struggled during this economic slowdown."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: JNS Holdings Corporation
CONTACT:
JNS Holdings Corporation Jean Howe - President, (847) 577-3795 www.jnsholdings.com info@jnsholdings.com
Copyright Business Wire 2012
Check out our VIP early alert service at firstpennypicks.com and get more alerts like JNSH
