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Santeon Files Second Quarter 2012 10-Q and Announces Highlights of Second Quarter Results

Oct 15 2012 12:00AM

Marketwire

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RESTON, VA -- (Marketwire) -- 10/15/12 -- Santeon Group, Inc. (OTCBB: SANT) today announced that it has filed its second quarter 2012 SEC Quarterly Form 10-Q and is now current with all its SEC filings. In addition, Santeon announced that revenues for the three months ending June 30, 2012 more than doubled when compared to the three months ending June 30, 2011. Further, Santeon posted a net profit for the three months ending June 30, 2012 as compared to a net loss in the prior year quarter. With the filing of the second quarter 2012 SEC Form 10-Q, Santeon Group is pleased to announce it is now in compliance and current with all required filings as required by SEC.

"This is a significant milestone for the company and something we are very proud of," commented Dr. Ash Rofail, Chairman and CEO of Santeon Group, Inc. "Our dedication and commitment to our customers, shareholders and employees is demonstrated by our efforts to significantly increase revenues and to invest in revenue-expanding products and services, all through prudent investing and internally-generated funding. Over the last year and half, we dedicated our efforts to building a strong foundation and infrastructure for the company, growing our services and investing in products that we plan on releasing in the fourth quarter 2012. We will continue these efforts and will challenge ourselves every day to stay on that growth trajectory and increase our profits," continued Dr. Rofail. "In the next few weeks, likely after we file our third quarter 2012 financial results with the SEC, we will hold an investor call to announce more exciting news and provide an update to our shareholders. I want to thank our customers, our shareholders and our employees for their continued commitment and support of the company," concluded Dr. Rofail.

About Santeon Group, Inc.
Santeon Group, Inc. is a technology company headquartered in Northern Virginia with offices in Reston, VA, Tampa, FL, Cairo, Egypt and Pune, India. Santeon offers products and services in Agile training and transformation, healthcare and media. Santeon's goal is to serve emerging markets by providing technically superior products and solutions while reducing the cost of ownership and deployment of these solutions through a strong channel partner and distribution model. For more information please visit our web site at http://www.santeon.com.

Safe Harbor Statement:
The preceding press release may include statements that include, among others, forward-looking statements about our beliefs, plans, objectives, goals, expectations, estimates and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. The words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "target," "goal" and similar expressions are intended to identify forward-looking statements. All forward-looking statements, by their nature, are subject to risks and uncertainties. Our actual future results may differ materially from those set forth in the forward-looking statements. Our ability to achieve our financial objectives could be adversely affected by many factors, including, without limitation, the following factors: The strength of the United States economy, changes in the securities markets legislative or regulatory changes, the loss of key personnel, technological changes, changes in customer habits, our ability to manage these and other risks, and our ability to deliver products and services on time. However, other factors besides those listed above could adversely affect our results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. These forward-looking statements are not guarantees of future performance, but reflect the present expectations of future events by our management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Any forward-looking statements made by us speak only as of the date they are made. We do not undertake to update any forward-looking statement, except as required by applicable law. For additional information about Santeon's future business and financial results, refer to Santeon's Annual Report on Form 10-K that may be found at sec.gov or on http://santeon.com/Sec_Filings.html. Santeon undertakes no obligation to update any forward-looking statements that may be made from time to time by the company, whether as a result of new information, future events or otherwise.



Investor Relations Contacts:
Mark Guirgis
Santeon Group, Inc.
703-970-9200, ext. 112
markguirgis@santeon.com





Source: Marketwire


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