SOURCE: Profit Planners Management, Inc.

Profit Planners Management, Inc.

October 16, 2013 11:48 ET

Profit Planners Management, Inc. Reports Financial Results for the First Quarter Ended August 31, 2013

NEW YORK, NY--(Marketwired - October 16, 2013) - Profit Planners Management, Inc. (OTCQB: PPMT) announced financial results for the quarter ended August 31, 2013. Revenues for the quarter were $188,883, compared to revenues of $250,800 for the prior year's first quarter, a decrease of approximately 25%. The decrease in revenues is primarily attributable to a transition in the client base and the completion of non-recurring projects. Net loss for the first quarter was $(124,888) as compared to a net income of $58,753 in the prior year. Costs increased during the quarter, on a comparative basis, resulting primarily from staffing costs and operating expenses to support the growth plans of the business including costs to develop our e-commerce website for our Organically Crafted brand.

"We spent the current quarter setting the foundation for our business lines. We have begun to establish the organizational administration needs of the Company to be poised and ready for our expected expansion and growth," said Wesley Ramjeet, PPMT's CEO. "During this quarter, our team spent a considerable amount of time developing our e-commerce website, This website will provide consumers with a user friendly means of purchasing organic products."

"We are continuing to explore additional growth opportunities in CFO, accounting and tax services business by leveraging the customer base and evaluating potential acquisitions. We plan to continue to expand our services in management and advisory consulting, life and healthcare insurance services and will use our Organic Innovations subsidiary to develop new and innovative concepts," Wesley added.

About Profit Planners Management, Inc.
Profit Planners Management, Inc. (OTCQB: PPMT) is a publicly traded company that provides management, financial, marketing and other professional services and business solutions. Members of our team have both public accounting and industry experience, and many of them have successfully started and operated their own companies. This expertise allows our team to understand and then implement what a company needs to achieve its business goals. For more information, visit:

This press release contains forward-looking statements including without limitation those about the Company's estimated revenue, earnings per share and future plans. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects, future results of operations or financial position and the Company's dividend plans, are forward-looking statements. These forward-looking statements can be identified by the use of words such as "believes," "estimates," "could," "possibly," "probably," anticipates," "projects," "expects," "intends," "may," "will," or "should" or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management's current expectations and are inherently uncertain. Our actual results may differ significantly from management's expectations.

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