TexCom, Inc. Reports Record 1st Quarter Revenues06-Apr-2011 For Immediate Release: Houston, Texas, April 6, 2011 -- TexCom, Inc. (Pinksheets: TEXC)(“TexCom” or the “Company”) an environmental services company for the oil and gas industry, today announced revenues of $1.08 million for the month of March and $2.62 million for the three month period ended March 31, 2011.
TexCom, Inc. Reports Record 1st Quarter RevenuesThis marks the first time that the company’s monthly revenues exceeded the $1 million level in its history.
1st Quarter 2011 revenues were 16% higher than 1st Quarter 2010 revenues and 24% higher than 4th Quarter 2010.
Complete financial results for the 1st Quarter of 2011 are expected to be released in the coming weeks.
Key InitiativesTexCom management continues to focus on certain key initiatives. Near term, management is working to assemble a pipeline of growth projects and to secure financing to expand TexCom’s environmental services into new markets. Intermediate term goals are to add engineering and remediation capabilities and to increase the company’s visibility among members of the investment community.
About TexComTexCom, Inc., headquartered in Houston, Texas, is a growth-oriented environmental services company with its primary focus on the disposal of nonhazardous wastes generated by the oil & gas industry. TexCom is expanding its interests to disposal of nonhazardous industrial wastewater, serving the refining and petrochemical industries.
This press release may contain forward-looking statements, including information about management's view of TexCom, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of TexCom, Inc., its divisions and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on TexCom's future results. The forward-looking statements included in this press release are made only as of the date hereof. TexCom cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, TexCom undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by TexCom.
Britt Brooks, EVP
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