SOURCE: Brownie's Third Lung

April 04, 2007 09:30 ET

United Companies Posts Profit for 2006

FT. LAUDERDALE, FL -- (MARKET WIRE) -- April 4, 2007 -- For the year ended December 31, 2006, United Companies Corporation subsidiary Trebor Industries, Inc. dba Brownie's Third Lung (OTCBB: UCPJ) had a net income of $565,793 as compared to a net loss of $96,310 for the year ended December 31, 2005, an increase of $662,103 or 687%. This net increase for the year ended December 31, 2006 is primarily attributable to the increase in net revenues, the modest decrease in the cost of revenues as a percentage of sales and the relatively consistent operating expenses.

In addition, Brownie's net revenue of $4,203,025 for 2006 represents an increase of 43% from last year's total of $2,935,869. Overall tankfill system sales and hookah system sales were up in 2006. The Company attributes its hookah system sales increases to expanding its market beyond the scuba dive retailer and into sporting goods and boating retailers. Increases in Tankfill sales are attributed to the addition of national and international OEM partners in the boating industry.

Brownie's designs, builds and installs diving solutions from floating recreational hookah diving systems to a full-line of state-of-the-art air compressors and mixed-gas blending stations.

Information about our products and a downloadable catalog can be found at http://www.browniedive.com/, http://www.tankfill.com/ and http://www.browniespublicsafety.com/ or call (954) 462-5570.

Forward-Looking Statements

Statements about the company's future expectations, including revenues and earnings and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange act of 1934, and as the term defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this release the company will appropriately inform the public.

For investor relations please contact United Companies Corporation.

United Companies Corporation product information can be found at

Web site:
http://www.browniedive.com/
http://www.tankfill.com/
http://www.browniespublicsafety.com/

Contact Information

  • Contact:
    Brownie’s Third Lung
    Diving Made Easy!
    Toll Free: 800.327.0412
    Phone: 954.462.5570 x-222
    Fax: 954.462.6115