CORRECTION: American Seniors Association Holding Group, Inc. Releases Year End Results, Posts First Annual Profit
BRADENTON, FL / ACCESSWIRE / March 31, 2016 / American Seniors Association Holding Group, Inc. (OTC Pink: AMSA) released their 2015 financials today and announced their first profitable year end ever. While revenue was down due to several internal factors, profits and cash flow increased dramatically, primarily due to cost cutting measures and financial controls. The Company earned $74,936 on revenues of $292,542 for the period compared to a loss of $222,422 on revenues of $358,658 for the prior period. Long term debt was also reduced from $424,980 to $352,802.
Paul Cornell, CEO of AMSA stated, “We are very pleased with our results since taking control of American Seniors in May of last year. At that time the organization was mired in debt and cost controls were non-existent. We have been able to implement those controls and have successfully negotiated down the Company’s debt to manageable levels, and as a result have positive cash flow. While we are nowhere near the level of growth we expect, we feel we have turned a corner and 2016 will be a benchmark year. Our team has been working tirelessly to provide the best member benefits and representation possible and we will continue to do so.”
Some of American Seniors Association discounted member benefits include:
Liberty Mutual Insurance
Choice Hearing Aid Providers
Affinity 4 Roadside Assistance
Avis Car Rentals
Wyndham Hotel Group
ASA Health insurance Exchange
First American Reserve
Intercontinental Hotels Group
Budget Rent A Car
ASA Wine Club
Best Egg Loans
ASA Member Visa Card
Bryan Perry’s Cash Machine
Lifelock Identuty Protection
Please go to www.americanseniors.org or call 1-800-951-0017 to join ASA or to speak with a representative about any questions or comments you may have.
About American Seniors Association Holding Group, Inc.
American Seniors Association Holding Group, Inc, based in Bradenton, Florida operates under the trade name of the American Seniors Association. The American Seniors Association is a conservative oriented membership organization that offers a large variety of discounted products and services to Its members throughout the United States. These services and products are offered by national and global partners such as US Bank, Liberty Mutual Insurance, Avis and Hertz Car Rentals, Wyndham hotel Group, Lifelock and many others. Please visit www.americanseniors.org for additional information or to become a member.
Safe Harbor Statement
Certain statements set forth in this press release may constitute “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate,” “project,” “intend,” “forecast,” “anticipate,” “plan,” “planning,” “expect,” “believe,” “will likely,” “should,” “could,” “would,” “may” or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company’s ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, the limited financial resources, domestic or global economic conditions — activities of competitors and the presence of new or additional competition and conditions of equity markets.
American Seniors Association
SOURCE: American Seniors Association Holding Group, Inc.