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Gilman and Ciocia is a provider of income tax preparation and financial planning services to individuals and businesses. GTAX also provides direct mail services. For the three months ended 9/30/97, total revenues increased 13% to $2.4 million. Net loss fell 81% to $113 thousand. Results reflect growth of existing offices and the acquisition of new financial planners. Even Albert Einstein had trouble understanding tax laws, but if he were alive today, maybe tax experts Gilman & Ciocia could give the genius a hand. The company caters to upper-middle-income taxpayers who need help completing tax forms and who also want financial-planning services Gilman & Ciocia, Inc. is the first publicly traded company to combine financial planning and tax preparation services. Headquartered in Great Neck, N.Y., Gilman & Ciocia now has over 90,000 clients with 123 offices in thirteen states. From Recent News Story: Commenting on the results, Tom Povinelli, chief financial officer, Gilman & Ciocia said,Tom Povinelli, chief financial officer, Gilman + Ciocia said, "We are pleased to have achieved record levels of revenues and earnings in 1997. The company's strong performance is reflective of the continued growth of our tax preparation and financial planning operations throughout the United States. We plan to utilize our financial strength to continue to grow the company's business through acquisitions and internal development." "The company's strong performance in the first quarter was primarily due to the continued growth in revenues derived from financial planning operations. We are confident of achieving record levels of revenues and earnings for the balance of the fiscal year." Home Page: gtax.com Company News: biz.yahoo.com SEC Filings sec.yahoo.com | ||||||||||||||
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