Reversing a 7-year history of consistent quarterly losses averaging $150,000 per quarter, the Company announced that its net profit for the quarter ending June 30, 2006 will exceed $500,000. “We are a Business Development Company, or BDC,” explained Gilbert R. Kaats, SNIO’s CEO, “and our profit is calculated based on increases in the company's net assets from the portfolio companies it acquires. If the value of one of our portfolio companies increases, our net profit increases, providing the increase is not offset with a corresponding increase in liabilities,” Kaats pointed out. The main source of the net profit for this quarter was an increase in the value of the shares of Taj Systems, Inc. (Pink Sheets: TJSS), one of SNIO’s portfolio companies that trades on the Pink Sheets under TJSS.  

The increase in assets that led to the profit does not include Integrative Health Technologies, Inc.'s (IHT) assets which were acquired in the merger. The company's May 25th release press release estimated that IHT's assets could have a value in excess of $7,800,000. “However,” Kaats pointed out that “…we also cautioned against using this value for IHT's assets until an independent audit is completed later this quarter. We have excluded these assets from our calculation of profits,” added Kaats.