PORTLAND, Ore., Nov. 28, 2017 (GLOBE NEWSWIRE) -- PDX Partners, Inc. ("PDXP") (OTC:PDXP), a telecom company, announces that the company will be utilizing its net loss carry forward of over eleven million dollars ($11,000,000) USD to substantially impact shareholder value for the company.
“With a previous net operating losses in the millions in the telecom sector, we will have a very small tax bill the first eleven million dollars or so we make in the space,” said Patrick Johnson, CEO. “The more money we have in the bank at the end of the year the more valuable our stock will be which benefits everyone,” he said.
In 2016 the New York Times published fragments of now President Donald Trump's 1995 state tax returns showing a $916 million tax loss -- a loss that he likely carried forward to wipe out most or all of his tax liability for years. “I was able to use the tax laws in this country and my business acumen to dig out of the real estate mess,” Mr. Trump said on a campaign appearance in Colorado in 2016. “Few others were able to do what I did.”
PDX Partners, Inc. was formed in 1997 and formerly called. My Social Income. The company offered several valuable communication products and services that created Value Networks for its customers which were extended to large groups of members, sales affiliates or other interested parties. The value of the network was its furnishing of free, unlimited, in-network services to all network members; low-cost local and long distance calling; access to numbers outside the network for all members; high-value customer calling services to all members including voice messaging, email services, conferencing services, fax via email, automated attendant and advanced call processing to all members. The company has recently entered into the iOS app market with plans to roll out new products as well as market existing iOS applications moving forward.
"We are excited about what this means for our shareholders in the long term as we continue to find creative ways to positively impact our business and strengthen our balance sheet,” said Johnson.
About PDX Partners
PDX Partners, Inc. (OTC PINK:PDXP) is a telecom company dedicated to creating revenue and shareholder value by marketing telecom products and acquiring other long term growth assets. The company was founded in 1997.
For more information go to: www.pdxpartners.net.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
PDX Partners, Inc.
Patrick J. Johnson
Chief Executive Officer
(971) 258-8003
patrick@pdxpartners.net
https://www.nytimes.com/2016/10/04/us/politics/donald-trump-taxes.html