Dionics, Inc. Announces 66% Sales Growth for Q-3 2010, but Losses Widen Via Non-Cash Stock Compensation Paid to Chinese Consulta
2010年11月16日 - 9:30PM
Dionics, Inc. (OTCBB:DION), a semiconductor/micro-electronics
manufacturer known for its high-reliability PV (photo-voltaic)
MOSFET-Drivers, today issued its Nine-Month and Q-3 reports for
2010 showing advancing sales volume over last year. Losses,
however, widened as the company's program for increasing its sales
in the large potential Chinese market-place required it to make a
significant non-cash stock-compensation payment of 900,000 shares
to its new Chinese consultants. Sales volume for the Third Quarter
rose 66% compared to the same period last year, reaching $143,800,
while Nine-Month sales volume reached $567,200, an increase of 24%
over the comparable period in 2009.
Bernard L. Kravitz, company president, explained that, "Losses
grew as a result of programmed investments in both PV MOSFET-Driver
cost-reductions and the establishment of a sales/marketing and
distribution capability in the large Chinese market-place. A major
cost item," he explained, "was the Q-3 non-cash stock-compensation
payment made to our new Chinese consultants. It is worthy of note,"
he added, "that they were confident enough in our future to accept
shares in our company rather than insisting on cash payments. We
look forward to working with them through some admittedly difficult
times ahead as we grow our brand in the China-market," he
explained. "We, and our consultants, expect our investment to pay
off handsomely in the future," he concluded.
Forward-Looking Statements
This report contains certain forward-looking statements and
information relating to the Company that are based on the beliefs
and assumptions made by the Company's management, as well as on
information currently available to the management. When used in
this document, the words "anticipate," "believe," "estimate" and
"expect" and similar expressions are intended to identify
forward-looking statements. Such statements reflect the current
views of the company with respect to future events and are subject
to certain risks, uncertainties and assumptions. Should one or more
of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary from those
described herein as anticipated, believed, estimated or
expected.
CONTACT: Dionics, Inc.
Bernard L. Kravitz, President
(516) 997-7474
Dionics (CE) (USOTC:DION)
過去 株価チャート
から 11 2024 まで 12 2024
Dionics (CE) (USOTC:DION)
過去 株価チャート
から 12 2023 まで 12 2024
Real-Time news about Dionics Inc (CE) (その他OTC): 0 recent articles
その他のDionics, Inc.ニュース記事