IRVINE, Calif., Aug. 17, 2011 (GLOBE NEWSWIRE) -- As the U.S. economy continues to wobble most ungracefully, the global threat posed by massive national and personal debt remains on our collective minds. And just as President Obama recently noted to Congress as we approached a potential catastrophic debt default, the power to solve this problem is in our own hands.
This has been and remains the fervent belief of Ideal Financial Solutions, Inc. (OTCQB:IFSL), which offers web-based applications for automating debt reduction, cash management and wealth building to companies and individuals. Simply put, Ideal Financial is building revenue by providing the tools to help others eliminate debt. And its quarterly report released Monday demonstrates that by all accounts things are looking up. Ideal Financial reported its first modest profits in Q1 of this year followed by a respectable net income of $158,821 in Q2 – notably, a 23% profit from gross revenues.
It now appears the positive trend is continuing with yesterday's announcement that Ideal Financial posted July single-month preliminary revenues in excess of $800,000 (1st month of Q3,) beating revenue of $686,184 for all of Q2. The tone seems similar to 2009 when IFSL was a darling on Wall Street amid mounting recessionary fears that put debt on the front porch of every American. And unlike the 2009 run, IFSL has now become fully-reporting with the SEC and is trading on the OTC Market. It has completed a successful turnaround, streamlining costs and adding efficiencies that are becoming apparent as the bottom line continues to improve.
In the midst of an historic debt crisis, Ideal Financial sees pure opportunity. IFSL CEO Steve Sunyich stated in a recent release, "Debt is on every American's mind more than ever and we have a solution that can help millions. Now that we have the right formula in place we hope to continue to increase revenues."
Eight-hundred thousand dollars in July alone is certainly a strong start.
Based in Las Vegas, Nevada, www.globenewswire.com/newsroom/ctr%3Fd=229535%26l=5%26a=Ideal%2520Financial%2520Solutions%26u=http%253A%252F%252Fwww.idealfinancialhr.com%252F" target="_blank">Ideal Financial Solutions (www.idealfsi.com/" target="_top" rel="nofollow">http://www.idealfsi.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. For the latest news and press, please visit www.idealfsi.com/" target="_top" rel="nofollow">http://www.idealfsi.com.
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SectorWatch.biz is property of Market Pathways Financial Relations Inc. (MP). (MP) provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project any outcome. This report is neither a solicitation to buy nor offer to sell securities but is for information purposes only and shouldn't be used as a basis for any investment decision. MP isn't an investment advisor, analyst or licensed broker/dealer and this report isn't investment advice. MP has been paid twelve hundred dollars by Ideal Financial for preparation and distribution of this report and other advertising services. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject company. Call the number below to be featured in our publications.