SUNRISE, Fla., July 17, 2019 (GLOBE NEWSWIRE) — Profile Solutions, Inc. (OTC Grey: PSIQ) announced today that the audit of its financial statements for the year ended December 31, 2018 has been completed with its subsidiary Elite Products International, Inc. (“Elite”) posting revenues of $876,448 in 2018 compared to revenues of $208,236 for the year ending December 31, 2017, representing an increase of over 4 times. The audited financial statements can be viewed in their entirety at https://backend.otcmarkets.com/otcapi/company/financial-report/225478/content. The Company originally reported its unaudited results for 2018 on April 3, 2019. There were no changes between the unaudited and audited revenue results.
The increase in revenues was primarily due to execution of the Company’s business, sales and marketing plan which nurtured a growing pipeline throughout the year resulting in many new and repeat customers. Elite prides itself on having excellent products, competitively priced, delivered on time and friendly and supportive customer service.
Dan Oran, CEO of PSIQ stated, “We are extremely pleased to report that the audit of our 2018 financial statement confirms the yearly revenues for 2017 and 2018 as previously reported on April 3, 2019 through OTC Markets.”