Evercel, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2011
March 04, 2012
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Evercel, Inc. reported consolidated earnings results for the year ended December 31, 2011. For the year, net income was $16,390,220 or $0.59 diluted earnings per share on revenues of $7,444,679 compared to loss of $868,854 or $0.03 diluted loss per share on revenues of $6,518,662 of previous year. Loss from operations was $85,127 against $530,742 of prior year. Income before income tax provision was $14,196,220 against loss before income tax provision of $868,854 of prior year. Net cash used in operating activities was $412,969 against $238,116 of prior year. Purchase of property and equipment was $73,505 against $27,103 of prior year.
Evercel, Inc. is a holding company that oversees and manages subsidiary companies and portfolio investments. The Company's subsidiaries include Evercel Pioneer Holding Corp (Evercel Pioneer Holding), Evercel Holdings, LLC (Evercel Holdings), Zigg Holdings, LLC (Zigg Holdings), Zypher Holdings, LLC (Zephyr Holdings), Paper Ventures LLC and Current Technologies LLC. Evercel Pioneer Holding holds an investment in Pioneer Holding Corp, which owns Printronix Holding Corporation and its various global wholly owned subsidiaries (Printronix). Printronix provides multi-technology supply-chain printing solutions for the industrial, financial and transportation industries. Evercel Holdings holds investments, which the Company makes in publicly traded securities. Paper Ventures LLC holds an investment in Current Technologies LLC. Current Technologies LLC is engaged in the business of providing digital and social media influencer marketing services and campaigns to its customers.
EVERCEL, INC. 
