| For Year Ending: | 2005 | 2006 | Net Change |
Amount of Increase/ |
|||||
| Total Assets | $ 1,339,984 | $9,742,486 | $ 8,402,502 | 6.2-fold increase | |||||
| Total Liabilities | $ 958,536 | $ 620,732 | $ (337,804) | 35% Decrease | |||||
| Net Assets or equity | $ 381,448 | $ 9,121,754 | $ 8,740,306 | 23-fold increase | |||||
|
Comprehensive Profit/Loss |
$ (55,172) | $931,179 | $ 986,351 | 18-fold increase--First Profitable Year | |||||
| Outstanding Shares | 181,145,154 | 144,735,787 | (36,409,367) | 20% decrease | |||||
| Shares Issued | 57,814,563 | $ (26,409,367) | 84,223,930 | None issued, 26,409,367 recaptured |
“One needs to exercise caution when considering the 18-fold increase in the Company’s net profits,” said Gilbert R. Kaats, PhD, IHTI’s CEO & President. “This gain is largely due to an increase in the company’s assets, which are recorded as net profits for a Business Development Company (“BDC”). However, now that we have withdrawn our election as a BDC, gains in assets will not be recorded as profits,” pointed out Dr. Kaats.
Forward-Looking Statement: The Company’s management makes forward-looking public statements concerning its expected future operations, performance and other developments. These are our best judgment estimates based upon current information, but involve risks and uncertainties. There are no assurances that other factors will not affect the accuracy of these statements since it is impossible to identify all relevant factors that could affect actual results. They include, but are not limited to, government regulation, managing and maintaining growth, effects of adverse publicity, litigation, competition and other factors.
IHTI
Gilbert Kaats or Samuel Keith, 210-824-4416