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Paraform Design (ZMGD) Q2 Financial Results(October 28, 2011)
HENDERSON, NEVADA -- (Marketwire) -- 10/28/11 -- Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD) (www.zamagedigitalcorp.com) and its subsidiary Paraform Design are pleased to report that the company financial results for Q2 had been announced and publicized via alternative reporting means.
In summary, in the first six months of 2011, period ending on June 30, 2011, Paraform Design's Gross Revenue reached $118,774, with the Net (after tax) Profit standing at $82,373. The company is profitable and self-sufficient. Paraform expects to continue to increase these numbers by increasing manufacturing efficiency and streamlining sales strategies. In the mean time, the company will also focus on increasing company's exposure in the signage and way-finding industry.
The complete Q2 financial report of Paraform Design had been made available via Alternative Reporting System on the company IR Support Suite site @ http://www.minamargroup.net/support/index.php?_m=downloads&_a=viewdownload&downloaditemid=3690&nav=0. The report won't be available via OTCMarkets/Pinksheets. In these economic times, ZMGD management sees the "reporting" costs of OTCMarkets as cost prohibitive.
These Q2 figures do not include any assets or revenues of ZMGD China based Everdow operating subsidiary. ZMGD and its China subsidiary, at are odds due to ZMGD's refusal of dilution. The North American management is taking further steps to resolve the stale-mate situation. ZMGD management continues to explore the sale or split off of Everdow.
More updates to follow shortly.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Zamage Digital Art Imaging, Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Zamage Digital Art Imaging, Inc. cautions you that any forward-looking information provided by or on behalf of Zamage Digital Art Imaging, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Zamage Digital Art Imaging, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Zamage Digital Art Imaging, Inc.'s control. In addition to those discussed in Zamage Digital Art Imaging, Inc.'s press releases, public filings, and statements by Zamage Digital Art Imaging, Inc.'s management, including, but not limited to, Zamage Digital Art Imaging, Inc.'s estimate of the sufficiency of its existing capital resources, Zamage Digital Art Imaging, Inc.'s ability to raise additional capital to fund future operations, Zamage Digital Art Imaging, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Zamage Digital Art Imaging, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Zamage Digital Art Imaging, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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