Access Plans Inc. (APNC.OB) Reports Q1 2010 Results, Positively Impacted by Access Plans USA Acquisition
Access Plans Inc., a leading membership and insurance marketing company, today posted its first-quarter results for the period ended December 31, 2009. The quarterly results reflect the company’s April 2009 acquisition of Access Plans USA. The company reported revenues for the first quarter of fiscal 2010 at $13.3 million, up from $5.7 million reported for the first quarter of last year. Operating income was $1.6 million compared to $1.2 million for the same period the year prior. The increase in revenues and operating income reflect Access Plans USA operations. "With most of the immediate cost savings realized from the acquired…