Trucept Inc - TREP STOCK NEWS

Afinida (OTC Pink: TREP) reported strong financial results for 2024, with total net revenues reaching $23 million, marking a significant 17% increase ($3.3 million) from the previous year. The growth is attributed to strategic investments in new operating subsidiaries across marketing, human resources, risk, and accounting sectors.

The company achieved notable financial milestones, including a gross profit increase of $1 million (8%) through efficient subsidiary operations. Afinida's enhanced focus on accounts receivable collections led to improved cash flow sustainability, resulting in a substantial 70% reduction in accounts payable balances, equivalent to nearly $800,000.

Afinida Accounting, a subsidiary of Afinida Inc. (OTC Pink:TREP), has announced the launch of fractional CFO services for small and medium-sized businesses. The new offering provides outsourced accounting support, including high-level financial analysis and strategic fiscal recommendations.

Led by CFO Brendan McMenamy, CPA, the service package includes:

• Financial Statement Preparation
• Personalized Bookkeeping
• Deep-Dive Analysis
• Cash Flow Management
• Risk Management & Compliance
• Auditing & Statement Reviews

This strategic move comes amid growing demand for flexible, on-demand accounting services that offer time efficiency, scalability, and cost savings for businesses lacking resources or need for full-time CFOs.

Afinida (OTC Pink: TREP) has announced that its subsidiary, Afinida Marketing, has secured contracts with eight businesses worth over $450,000 in annual revenue. The company will provide comprehensive marketing services, including digital and traditional methods, to help these clients grow their brand awareness and drive sales.

Among the notable clients are:

• A PEO processing over $275M in gross wages with $7M annual revenue
• A niche marketing firm with $300M in gross sales and $16M in last quarter's new sales
• A payroll specialist processing 13,000+ client payrolls and 100,000 employee paychecks in 2024
• A safety and risk management organization with 190 business clients and $1M+ revenue

CEO Norman Tipton indicated that additional contracts are expected throughout the year.

Afinida Marketing, a subsidiary of Trucept Inc. (OTC Pink: TREP), has doubled its team size to meet increasing client demand. The marketing division now employs 10 full-time experienced marketers, expanding its capabilities to deliver comprehensive marketing solutions.

The enhanced service offerings include:

• Video Production with expert storytelling
• Company Branding with logo creation and industry research
• Customized Writing Services for various content needs
• Corporate Communications including press releases and media kits

According to CEO Norman Tipton, this expansion comes at an optimal time as the company prepares for continued growth and new business acquisition.

Trucept Inc. (OTC Pink: TREP) reported strong Q3 2024 financial results with significant growth across key metrics. The company achieved a 33% increase in Net Revenues reaching $1,524,541 and a 34% increase in Gross Profit totaling $1,006,660 compared to Q3 2023. Year-to-Date Net Revenues grew by 27% to $3,658,912, while YTD Net Income increased by 6% compared to 2023. The company, operating as Afinida, provides various business solutions including accounting, HR, insurance, marketing, payroll, and risk management services.

Trucept Inc. (OTC Pink: TREP), doing business as Afinida, has promoted Brendan McMenamy to Chief Financial Officer following his successful completion of CPA exams. McMenamy, who has been with the company for five years, has demonstrated strong financial leadership and expertise. The company, which provides comprehensive business solutions including accounting, HR, insurance, marketing, payroll, and risk management services, expects McMenamy's strategic insights to continue driving growth and operational support for clients.

Trucept, Inc. (OTC Pink: TREP), operating as Afinida, has announced the release of its audited financials for 2022. CEO Norman Tipton stated that the company expects to publish its 2023 financials soon. Trucept offers a comprehensive portfolio of professional services, including:

• Afinida Accounting – Financial Accounting Services
• Afinida Insurance - Insurance Offerings and TPA services
• Afinida HR - Human Resources and Management
• Afinida Payroll - Full-Service Payroll
• Afinida Marketing – Full-Service Marketing Agency
• Afinida Risk Management - Safety and Risk Management

The company aims to help businesses focus on their core operations while handling peripheral business processes.

Trucept, Inc. (OTC Pink: TREP), operating as Afinida, has reported significant financial growth for the second quarter of 2024. The company achieved a 25% increase in gross profit, amounting to $867,657 quarter-over-quarter. Additionally, Trucept recorded a 24% increase in income from operations and a 10% rise in net and comprehensive income compared to the previous quarter.

CEO Norman Tipton attributed these strong results to the company's strategic initiatives and focus on operational excellence. Trucept's portfolio of professional services includes Afinida Marketing, Insurance, Payroll, HR, Accounting, and Risk Management, demonstrating its commitment to meeting diverse client needs and driving sustainable growth.

Trucept (DBA Afinida) reported a notable financial performance for Q1 2024, with significant increases in both revenue and gross profit. Net revenue rose by 21%, reaching $4,952,143 compared to $4,092,027 in Q1 2023. Gross profit saw a 31% increase, totaling $3,411,530 versus $2,607,352 the previous year.

The company's current ratio also improved to 1.07 from 1.0. CEO Norman Tipton attributes this success to strategic investments in technology and a focus on client-centric services, enhancing operational efficiencies and customer satisfaction. Afinida's service portfolio includes marketing, insurance, payroll, HR, accounting, and risk management solutions.

This robust financial performance underscores Afinida's commitment to sustainable growth and delivering shareholder value.