FARMINGDALE, N.Y., Aug. 9, 2005 (PRIMEZONE) -- International Smart Sourcing, Inc. (OTCBB:ISSG) today announced net income for the second quarter ended June 24, 2005 was $41,711 versus a loss of ($202,279) for the first quarter ended March 25, 2005. Net sales for the outsourcing subsidiary, Smart Sourcing Inc., were $2,682,024 for the two quarters ended June 24, 2005 versus $1,261,623 for the same period last year or a 112.58% increase.
David Hale, President of ISSI commented, "We are happy to report our rapid return to profitability and are proud of the continued growth in SSI. Clearly, we have the necessary infrastructure and expertise to service companies ready to outsource to China. This competitive advantage, combined with the unlimited market potential for outsourcing to China, is unique and distinguishes SSI from outsourcing competitors. We are confident that the growth in our outsourcing subsidiary will be sustained."
About International Smart Sourcing, Inc.
International Smart Sourcing, Inc. specializes in assisting companies in substantially reducing their cost of manufacturing by outsourcing all or part of their manufacturing to China. The Company's services include project management, source selection, engineering coordination, quality assurance, logistics, and cost reduction. Product specializations are tooling, injection molding, die-casting, metal stampings, mechanical assemblies, and electromechanical assemblies. The Company has offices located in New York and China.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any such statements are subject to risks and uncertainties, which could cause actual results to vary materially from those indicated. Actual results could differ due to a number of factors, including negative developments relating to unforeseen order cancellations or push outs, the company's strategic relationships, the impact of intense competition and changes in our industry.