Datascension, Inc. (OTCBB:DSEN), a leading market research and custom call center, is reporting its first quarter 2008 results as follows:
Total revenue for the quarter ended March 31, 2008 was $5,347,987 as compared to $4,753,852 for the quarter ended March 31, 2007, an increase of $594,135 or 12.5%.
Operating income for the quarter ended March 31, 2008 was $140,525 as compared to an operating loss of $136,867 for the quarter ended March 31, 2007, an increase of $277,392 or 202.7%.
The net loss for the quarter ended March 31, 2008 was $66,890 as compared to a net loss of $310,576 for the quarter ended March 31, 2007, a decrease of $243,686 or 78.5%.
The increase in revenue for the first quarter of 2008 as compared to the first quarter of 2007 was a direct result of the increased business generated during the latter part of 2007 by existing clients and the addition of new clients, for which the increased revenue potential is now being realized.
Results from operating cost controls initiated in January are now showing resulting reduction in costs which has also resulted in an increase in our gross margins. The Company is continuing to look to further increase efficiencies, streamline operations, and optimize economies of scale in an effort to further improve gross margins.
Datascension's Chief Operating Officer, Joey Harmon, stated, "The quality of our service and recruiting efforts to hire individuals that can speak both English and Spanish is enabling us to enlarge the scope of services we offer our existing clients as the Hispanic population continues to grow in the Americas."
About Datascension
Datascension, Inc. is engaged in the collection, storage and processing of data and conducting outsourced market research with operations mainly in Cost Rica. The Company's commitment to customer service, quality and on-time project management has fostered its reputation among major market research firms and corporate market research departments. For further information: www.datascension.com.
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements. Statements about Datascension's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. Datascension's actual results could differ materially from expected results. The forward-looking statements include all statements that are not statements of historical fact. The forward-looking statements are often identifiable by their use of words such as "may," "expect," "believe," "anticipate," "intend," "could," "estimate," or "continue," "Plans" or the negative or other variations of those or comparable terms. Our actual results could differ materially from the anticipated results described in the forward-looking statements.