EMTA Holdings, Inc. Files Its 2008 10-Q Quarterly Report
2008年8月20日 - 10:30PM
PRニュース・ワイアー (英語)
Company Reports 175% Increase in Net Sales SCOTTSDALE, Ariz., Aug.
20 /PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (OTC:EMHD)
(BULLETIN BOARD: EMHD) , maker of XenTx(TM), Synergyn(TM) and other
engine treatment and fuel efficiency products, today reported that
they had filed the Company's first quarter FY 2009 10-Q report. The
report detailed an overall positive quarter in both operations and
sales. Net Sales increased from $666,724 in 2007 to $1,836,421 in
2008 or an increase of $1,169,697 or 175%. This increase was the
result of improved XenTx sales to the commercial/industrial market
and an increase in foreign sales. The cost of sales for the three
months ended June 30, 2008 was $726,776 or 40% of net sales,
compared to $293,176 or 44% of net sales for the prior year. The
decrease in the cost of sales was primarily due to both reduced raw
materials and manufacturing costs. Gross profit increased to
$1,109,645 as compared to $373,547 or an increase of 197%. SGA
expenses were reduced to $681,703 from $728,871 from the prior year
which had a positive impact on operating expenses which were also
reduced from $839,534 to $743,669. Income from operations for the
three months ended June 30, 2008 was $365,976 verses a loss of
$465,986 from the previous year. Interest and Other expenses were
$198,834 compared to $266,822 for the same period last year. This
was due primarily to the lower cost of the cashless warrant
conversion adjustment of $37,815 as opposed to $145,070 in the
earlier period. Net Income for this period was $167,517 verses a
loss of $732,808 from the same period last year. Before non-cash
allocations, income for the quarter was $596,545. EMTA Holdings,
Inc. CEO Edmond L. Lonergan stated, "The quarter that just ended
was the first profitable quarter in the Company's history and is
the foundation for continuing success in Fiscal Year 2009." About
EMTA Holdings EMTA Holdings, Inc., (OTCBB: EMHD) develops and
manufactures innovative products to conserve energy, particularly
for petroleum-based fuels. The Company's engine and fuel additives
are marketed under the brands XenTx(TM), Synergyn(TM) and
CleanBoost(TM) brands, and are sold both to commercial and retail
customers. They are available from key distributors, major
automotive retailers and online at http://www.emtacorp.com/store.
For additional information on EMTA products, please visit
http://www.xentx.com/. Forward-Looking Statements: This press
release discusses certain matters that may be considered
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding the intent, belief or current expectations of EMTA Corp.
("the Company") and its management. Prospective investors are
cautioned that any such forward- looking statements are not
guarantees of future performance and involve a number of risks and
uncertainties that could materially affect actual results such as,
but not limited to: the ability of the Company to raise necessary
capital; to attract and retain effective management; the lack of
viable commercial applications or the failure of third-party
contractors to perform their contractual obligations. Prospective
investors are also referred to the other risks identified from time
to time in the Company's reports and registration statement filed
with the Securities and Exchange Commission. CONTACTS: Larry Downs
Director of Communications Equiti-trend Advisors 800-585-6988 Or
Paula C. Wright VP IR/PR/Media EMTA Holdings, Inc. 480-222-6222
DATASOURCE: EMTA Holdings, Inc. CONTACT: Larry Downs, Director of
Communications of Equiti-trend Advisors, 1-800-585-6988, , for EMTA
Holdings, Inc.; or Paula C. Wright, VP IR-PR-Media of EMTA
Holdings, Inc., +1-480-222-6222, Web site: http://www.emtacorp.com/
http://www.emtacorp.com/store http://www.xentx.com/
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