Forterus Inc. (OTCBB: FTER) announced that its A Better Tomorrow Treatment Center in Murrieta, Calif, is filled to capacity. As a result, the drug, alcohol and gambling treatment center will soon add more beds and space. Forterus acquired A Better Tomorrow in August and was soon able to report record second quarter revenues of $1,265,262, or a 39-percent increase over the same quarter in 2007. That translated into a net income of $188,000, a slight increase from the year before.
“We are very pleased with the strength of A Better Tomorrow’s financial performance,” said Paul Howarth, Forterus CEO. “The owners kept a lot of skin in the game over the last four years. Thinking of the future of the company first, most profits were reinvested back into the company for growth.”
Howarth credited experienced employees at key positions with the revenue increases. “We continue to be a small company,” he said. “But we are well positioned to experience continued, sustainable growth.”
A Better Tomorrow Treatment Center Inc., the Forterus subsidiary, is accredited by the Commission on Accreditation of Rehabilitation Facilities (CARF), “placing it in the top 5 percent of drug and alcohol treatment centers in California,” a company news release states.
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