LAS VEGAS, July 22, 2009 (GLOBE NEWSWIRE) -- Ideal Financial Solutions, Inc., (Pink Sheets:IFSL) has reported its current unaudited consolidated financial statements for the first half of 2009 on www.pinksheets.com.
"The income statement reflects gross earnings for the first half of 2009 of $4,715,809.42 with EBITDA of $795,457.95," said Kent Brown, CFO of Ideal Financial Solutions. "It is also important to note that the company paid off $428,857.31 of its debt during this same period, and plans to pay off all external debt before the end of the third quarter of 2009."
By posting its financial statements on Pinksheets.com, the company is continuing on its path of becoming a fully-reporting company.
About Ideal Financial Solutions
Ideal Financial Solutions (www.idealfsi.com) is a sixteen year old publicly traded company (Pink Sheets:IFSL) located in Las Vegas. Ideal provides both a low cost proprietary subscription based do-it-yourself 'club' member program as well as a full-service turn-key system. Enrolled members receive the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset building debt and build financial independence. As a leader in personal cash-flow management systems, Ideal uses its automated CashFlow Management tools (www.myifs.com) and its Credit to Wealth Systems (www.credittowealth.com) to assist individuals, families and small businesses in building financial independence. Investors who would like to receive Ideal's newsletter are asked to send their email address to: support@idealfsi.com.
For the latest news and press, please visit www.idealfsi.com.
Forward Looking Statements
This release may contain forward-looking statements as well as historical information. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks include, without limitation, the risk that the company's revenues will not continue to grow, that second quarter revenue may not meet projections because of a associated with the company's new marketing and other initiatives will exceed associated revenues and that the company will not become, or will be significantly delayed in becoming, a fully reporting company for one or more reasons, including a decision by the company not to pursue fully reporting status, absence of capital or other resources to satisfy compliance status, an adverse action or decision by a regulatory agency or other event. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein.