Eline Entertainment Group Reports on Quarterly Results Filed by its 51% Majority-owned Subsidiary CTD Holdings
August 16 2007 - 12:12PM
Business Wire
Eline Entertainment Group, Inc. (OTC:EEGI) today reported that its
51% majority-owned subsidiary CTD Holdings, Inc. (OTCBB:CTDH)
recently reported its results for the three and six months ended
June 30, 2007. CTD Holdings reported total product sales for the
three months ended June 30, 2007 of $179,697, compared to $127,446
during the three months ended June 30, 2006. Total product sales
for the six months ended June 30, 2007 were $330,923, compared to
$294,296 for the comparable period in 2006. Sales for the three
months ended June 30, 2007 were $179,697, compared to $127,446
during the three months ended June 30, 2006. CTD Holdings reported
net income of $88,422 for the three months ended June 30, 2007,
compared to a net loss of $39,157 during the three months ended
June 30, 2006. For the six months ended June 30, 2007, CTD Holdings
reported net income totaling $85,109, compared to a net loss
totaling $19,112 for the comparable six month period in 2006. It
should be noted that Eline Entertainment Group�s consolidated
financial statements include the accounts of Eline and consolidates
the financial statements of its subsidiary CTD Holdings therein.
Yucatan Holding Company, a privately-held investment company, holds
a controlling interest in the voting securities of Eline
Entertainment Group, Inc. (OTC:EEGI). Certain statements in this
document and elsewhere by Yucatan Holding Company and/or Eline
Entertainment Group, Inc., are "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such information includes, without limitation, the business
outlook, assessment of market conditions, anticipated financial and
operating results, strategies, future plans, contingencies and
contemplated transactions of each aforementioned company. Such
forward-looking statements are not guarantees of future performance
and are subject to known and unknown risks, uncertainties and other
factors which may cause or contribute to actual results of each
company�s operations, or the performance or achievements of each
company or industry results, to differ materially from those
expressed, or implied by the forward-looking statements. Yucatan
Holding Company and Eline Entertainment Group, Inc., undertake no
obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or otherwise.
Actual results, performance or achievements could differ materially
from those anticipated in such forward-looking statements as a
result of certain factors, including those set forth in each
respective company�s filings with the Securities and Exchange
Commission.
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