CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) today announced financial results for the second quarter, ending June 30, 2012. JNS Power & Control Systems, Inc. reported revenues of $747,202, which is 47% greater than the same period in 2011. Gross profits were $438,989 or 59% for 2012, net profits also rose to $119,813 or 68% compared to $71,486 in 2011. Second quarter financials have already been uploaded to OTC Markets for additional information.
S&H Leasing, Inc. also reported revenues of $59,755, another positive increase from last year, net profits climbed to $20,229 or 34%.
Jean Howe, President and Chief Executive Officer stated, “Our quarterly revenue & profit numbers continue to improve as we stayed true to our core principals. As we look to the future I feel we have gained new flexibility with our new line of credit and we will be able to resume larger projects and explore the possibilities for future expansion into different regions in the near future.”
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.