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ProConcept Marketing Group Signs Letter of Intent with Integrity Sales & Service, Inc.

^{Published on 2011-04-01 10:40:19 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--ProConcept Marketing Group, Inc. (Pink Sheets: PRMK) announced it hasentered into a letter of intent term agreementto acquireIntegrity Sales & Service, Inc, a sales and refurbishment of high end trucks and farm equipment in the Midwest.

Located near Fort Wayne, Indiana, Integrity Sales & Service, Inc. is a commercial market dealer of used trucks and trailer sales, service, and parts from makers like Ford, International, Freightliner, Volvo and others, and currently has around 20 employees. The Company carries heavy duty inventory including used expedite, box, dump, grain and flatbed trucks, semi tractors, trailers, hot shots, light duty automobiles, and bucket trucks, with a large focus on the agriculture service market in the region. [ www.99trucks.com ]

The Company focus of refurbishment and resale of high end priced trucking and farming equipment provides our customers a cost effective means to expand their business in an improving commodity, trucking, and agricultural market.

Operational Financials

For the year ended Dec. 31, 2010, the Company reported total revenues of $3.9 million, with a gross profit of $1.4 million, and total net income profit of $366,569. These numbers represent around a 36% gross profit margin, or a 9% profit on total revenues generated, minus operational expense.

For the year ending 2010 revenues increased 34% to $3.9 million, compared to $2.9 million for the same period ending Dec. 31, 2009.

For the same year ending period, the Company reported total assets of $1.8 million, which includes $215,711 of operational cash flow, and total liabilities of $891,465, thus resulting in positive shareholder equity of $916,345.

In an effort to build transparency for our shareholders, the Company will embark on complying with reporting standards with OTC Markets, LLC to provide our quarterly and annual reports, and upgrade our listing standard to a higher market tier, upon closure and execution of the term sheet agreement.

Shareholder Communications

TheCompany will develop a more established shareholder communication department, and will work on providing an up-to-date website for easier communication between the market, and our company.

Shareholders wishing to request more information about our new operations are invited to contactthe companyat (917) 428-8782 or by email at [ alex.demammos@finishmedia.com ].

This press release may contain aforward-looking statementsa within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Companya™s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Companya™s business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Companya™s periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.