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Trucept Announces Significant Increase In Revenue for Q2

Trucept Announces Significant Increase In Revenue for Q2

PUBLISHED: August 24, 2022
BY: Press Releases
Hands typing on a laptop with data visualizations overlaid, a person pointing at the screen, and the Afinida logo on the left side.
Hands typing on a laptop with data visualizations overlaid, a person pointing at the screen, and the Afinida logo on the left side.

Aug 24, 2022 | Press Releases

SAN DIEGO, CA – August 24, 2022 – Trucept Inc. (OTC Pink: TREP) has released its updated financials for Q2 2022.
The company reported another consecutive quarter of profitability, driven by a significant increase in total revenue for Q4
as compared to the same time period last year. For the quarter ending on June 30th, 2022, Trucept posted an impressive 20%
increase in total revenue.

Trucept CEO Norman Tipton commented,
“We continue to be very pleased with the results being posted by our business units. Our core business and all subsidiaries
continue their impressive growth run in revenue and we look forward to an amazing Q3 of revenue increases.”

As previously reported, the audit for the Company’s financial statements for the years ending 2019 and 2020 was put on hold due
to multiple difficulties presented by the COVID pandemic. Moving forward, Trucept is required to audit the two most current
year ends, which, in this case, would be the financial statements for the years ending 2021 and 2022. The Company is also
researching CPA Auditing Firms located in Southern California to perform the year-end audit after December.

Trucept offers professional services that help businesses navigate growth. The Company’s professional services now encompass:

  • Marketing, technology, and Accessibility Act compliance services
  • Insurance offerings and third-party administrator (TPA) services
  • Payroll
  • Human resources and management
  • Employee benefits administration
  • Accounting support
  • Safety and risk management

For additional information, visit www.trucept.com.

Media inquiries: Kevin Brewer (kbrewer@trucept.com).

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Afinida, Inc. (OTC ID: TREP), helps organizations focus on growth. With a dedicated suite of powerful tools and services designed to keep owners in charge of running their businesses, Afinida manages the necessary administrative needs of its clients while streamlining operational processes and delivering a host of high-touch business solutions.

The company offers expert services in the form of payroll, human resources and people management, accounting support, safety and risk management, marketing, and business insurance services.

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Disclaimer

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.

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