HQ Sustainable Maritime Reports 115% Revenue Increase (HQSM)

Nov.14.05 | About: HQ Sustainable (HQSM)

The Microcap Speculator submits: HQ Sustainable Maritime (OTCPK:HQSM) rose 9.62% to $.57 today ahead of its results, which did not disappoint:

Revenues for the nine-month period ended September 30, 2005 increased by nearly $9.7 million, to more than $18 million from $8.3 million in the corresponding period of 2004, a rise of 115 percent. Revenues for the three-month period ended September 30, 2005 were $8.5 million, up from $7.6 million for the same period in 2004.Profit from operations for the third quarter 2005 rose to $1.6 million from $1.3 million for the third quarter 2004, an increase of 22% (before considering the non-recurring bad debt recovery of the 2004 third quarter). The improvement is due to higher volumes of sales as well as better cost control.

This is a huge week for HQSM shareholders. Remember the company has an interview and major announcement scheduled for the end of the week. I continue to anticipate that at least part of the announcement will be a shift from the OTC BB to the Amex exchange.

DISCLOSURE: I am long HSQM.OB. Not a recommendation to buy or sell any security. For informational and educational purposes only.

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