Service Team Inc. Reports Results for Third Quarter
VILLA PARK, CA / ACCESSWIRE / July 25, 2017 / Robert L. Cashman, President of Service Team Inc. (OTC PINK: SVTE) announced that Service Team Inc. has filed its Quarterly Report for the three month period ending May 31, 2017.
The company reported sales of $940,847 for the quarter ending May 31, 2017.
The company produced a profit of $4,440 for the quarter compared to a loss for the same quarter last year of ($143,899).
Cashman commented that the profit was generated by a combination of reducing interest costs and improving the efficiency of the manufacturing plant. The company had loans payable of $135,771 on May 31, 2017 compared to $287,195 on August 31, 2016, the start of this Fiscal Year. . . a reduction of $151,424.
Service Team Inc. through its Delta Stag Division manufactures refrigerated and dry freight truck bodies and vans primarily for the food industries. The company has a backlog of orders for more than four months' production.
About Service Team Inc.:
Service Team Inc. is a fully reporting public company with its stock listed on the OTC PINK under the symbol SVTE. The company, dba Delta Stag, is a manufacturer of commercial truck bodies and truck parts in the Southern California area. Service Team Inc. acquired 100% of Delta Stag in June of 2013, and since that time has maintained a sustained growth.
Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Service Team Inc.
18482 Park Villa Place
Villa Park, California 92861
714-538-5214
Website: www.serviceteaminc.net
Website: www.deltastag.net
SOURCE: Service Team Inc.
