SOURCE: Standard Holdings Group Ltd.

January 31, 2007 07:29 ET

Standard Holdings Announces Third Consecutive Quarterly Profit

MCLEAN, VA -- (MARKET WIRE) -- January 31, 2007 -- Standard Holdings Group Ltd. (PINKSHEETS: SNDH) posted consolidated sales and earnings from U.S. and foreign operations for the 3rd Quarter ending September 30, 2006. Revenue for the three months ended September 30, 2006, was $644,670 including other income. Net income for the period was $171,728. This was the Company's third consecutive quarterly profit.

Revenue for the nine months ending September 30, 2006, was $2,696,252 and net income for the period was $829,700.

The Company's international business expanded during the Quarter, and preparations are being made to add to the product line.

All amounts have been stated in U.S. dollars.

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

For more information visit the Standard Holdings Group web site at http://www.standardholdingsgroup.com

Contact Information

  • Contact:
    Standard Holdings Group Ltd.
    703-821-3434