SOURCE: JC Data Solutions, Inc.

July 03, 2008 10:13 ET

JC Data Solutions' Company Update for Year End

IRVING, TX--(Marketwire - July 3, 2008) - JC Data Solutions, Inc. (PINKSHEETS: JCDS):

Our fiscal year ended June 30th, and now we are in full swing in preparation for our audit that is to take place shortly although we are still waiting on some recommendations due from our consultants.

Below are a few short notes on our recent progress.

Revenue goals for this fiscal year are set at ten million dollars and we hope to exceed those numbers.

We are in negotiations with and are very close with a couple of potential partners that will substantially add to our bottom line.

We have renewed commitments with a few of our present resellers and have revised their projections up by one hundred percent.

We have recently added an inside telemarketing team in order to support our sales efforts with the Oil and Gas business as well as support our resellers.

We have recently upgraded our Attorney Marketing program and our administrative module of our ACH program. They have both been distributed to our clients and are in use as of last month.

Our efforts lately have moved us closer to being a compliant reporting company with possibilities of moving JCDS to the OTCBB.

In the meantime we will report to shareholders major contracts signed and major partnerships developed when they are complete.

As always we appreciate our investors and wish you all a safe and happy Independence Day.

Forward-Looking Statements

This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

All information in this release is as of the date of this release.

Contact Information

  • Contact:

    Cary Allen
    CEO
    JC Data Solutions, Inc.
    214-295-5810
    Email Contact