VILLA PARK, CA, United States, via ETELIGIS INC., 06/30/2015 – – Robert L. Cashman, President of Service Team Inc. (OTCQB: SVTE), announced today that Service Team Inc. is continuing its practice of reporting positive results for the three month period ending May 31, 2015. The company reported sales of $709,520 and a net profit of $56,413. This compares to the same period last year with sales of $450,237; an increase of fifty-eight percent (58%) over the prior period. Overall performance for the nine months year to date totaled sales of $1,876,415 compared to the nine month period of the prior year of $1,340,755; or, an increase of thirty-nine percent (39%).
The company has now expensed all of the organization and acquisition cost of acquiring Trade Leasing Inc. and is projecting annual sales of 2.6 million dollars with profits in excess of $200,000 for the year ending August 31, 2015.
Mr. Cashman further stated, “This phenomenal growth is attributed to an outstanding team of dedicated employees. We look forward to continued growth and profitability in the future.”
About Service Team Inc.:
Service Team Inc. is a public company with its stock listed on the OTCQB using the symbol SVTE. The Company, dba Delta Stag, is a manufacturer of commercial truck bodies and truck parts in the Southern California area. Service Team Inc. acquired 100% of Delta Stag in June of 2013, and since that time has maintained a sustained growth of more than thirty percent (30%) per year.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as CBYI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Service Team Inc.
18482 Park Villa Place
Villa Park, CA 92861
SOURCE: Service Team Inc.