Empire Financial Holding Company Announces Revenue and Net Income Guidance for 2006 and 2007
15 11월 2006 - 6:05AM
PR Newswire (US)
LONGWOOD, Fla., Nov. 14 /PRNewswire-FirstCall/ -- Empire Financial
Holding Company (AMEX:EFH), a full service brokerage and investment
banking firm serving retail and institutional clients, said today
it expects a net loss of approximately ($0.03) per basic and
diluted share on approximately 7.5 million basic and diluted shares
outstanding and revenues of approximately $33 million for full-year
2006. The Company also said it expects to achieve earnings of
approximately $0.40 per diluted share on approximately 12.7 million
diluted shares outstanding and revenues of approximately $72
million for full-year 2007. About Empire Financial Holding Company
Empire Financial Holding Company, through its wholly owned
subsidiaries, Empire Financial Group, Inc., and Jesup & Lamont
Securities Corporation, provides full-service retail brokerage
services through its networks of independently owned and
independently operated offices and its own employee brokers.
Through its market-making and trading division, the Company offers
securities order execution services for unaffiliated broker dealers
and makes markets in domestic and international securities. Empire
Financial also provides Investment Banking services for clients as
well as turn-key fee based investment advisory and registered
advisor custodial services through its wholly owned subsidiary,
Empire Investment Advisors, Inc. FORWARD-LOOKING STATEMENTS Certain
statements made in this press release are "forward-looking
statements" (within the meaning of the Private Securities
Litigation Reform Act of 1995) regarding the plans and objectives
of management for future operations. Such statements involve known
and unknown risks, uncertainties and other factors, including those
identified in the Risk Factors set forth in Empire's Annual Report
on Form 10-KSB for the year ended December 31, 2005 and all
periodic reports filed subsequent thereto, that may cause actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. The forward-looking
statements included herein are based on current expectations, as of
the date hereof, and these may change based on future facts or
further analysis, but Empire disclaims any obligation to revise,
amend or give notice of that these statements should no longer be
relied upon. Empire's plans and objectives are based, in part, on
assumptions involving the continued expansion of its business and
current expectations as to the levels of stock market activity,
which are inherently difficult to predict. Assumptions relating to
the foregoing also involve judgments with respect to, among other
things, future economic, competitive and market conditions,
Empire's ability to retain its brokers and other sales personnel,
most of whom are not subject to employment contracts, and future
business decisions, all of which are difficult or impossible to
predict accurately and many of which are beyond the control of
Empire. Empire's earnings are highly dependent on the level of its
revenues. Although Empire believes that its assumptions underlying
the forward-looking statements are reasonable, any of the
assumptions could prove inaccurate and any such inaccuracy could
result in the related forward-looking statement being materially
false. In light of the significant uncertainties inherent in the
forward-looking statements included herein the inclusion of such
information should not be regarded as a representation by Empire or
any other person that the objectives and plans of Empire will be
achieved. DATASOURCE: Empire Financial Holding Company CONTACT:
Donald A. Wojnowski Jr., President of Empire Financial Holding
Company, office, +1-407-551-1841, or fax, +1-407-830-5078,
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