Tradestar Resources Releases Financial Reports, Fiscal 2007-08, Third Quarter
05 Febrero 2008 - 7:00AM
Marketwired
HOT SPRINGS, AR today announces financial results for its third
quarter which ended December 31, 2007. Revenue for the quarter was
$182,626 compared to $127,622, a 43% increase over the same period
one year ago. Net income for the quarter was $28,771 compared to
the prior year's same period loss $106,517.
"Our operating subsidiary, Tradestar Energy, Inc., brought
projects online in both Texas and Louisiana which brought us
reductions in monthly lease operating expenses," said Tom Feimster,
President. "With expansions in current projects planned for fourth
quarter and several new projects scheduled to come online in our
new fiscal year, we are excited about the possible significant
increases in both revenue and income during this next year."
Tradestar Resources Corporation, an independent energy company
engaged in the exploration, development, exploitation and
acquisition of domestic on-shore oil and natural gas properties,
financial statements can be found at www.Tradestar-Corp.com and
www.PinkSheets.com.
About Tradestar: Tradestar Resources Corporation strives to
enhance asset value by expanding oil and natural gas reserves
raising production levels and increasing cash flow. Tradestar
intends to foster its growth as an independent oil and gas company
by investing in only proven producing wells.
Additional company information is available at
www.tradestar-corp.com.
DISCLOSURES: "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release
contains forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in Tradestar Resources Corporation's
filings with the Securities and Exchange Commission. These risks
could cause Tradestar Resources Corporation's actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, Tradestar Resources
Corporation.
For further information, please visit our website
(www.tradestar-corp.com) or send questions and comments to
ir@tradestar-corp.com.
For further information, please visit our website:
www.tradestar-corp.com Tradestar Resources Corporation Email: Email
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Tradestar Resources (CE) (USOTC:TSRR)
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