Newron Sport (PINKSHEETS: NSPT) released revenue projections for the sale of its patented Newron tandem inline skates. There are currently 3 available models of the Newron inline sports performance skate - the Newron Hockey, Trainon and the Touron. The product is designed for safety and to give the same sensation, feel and stride as an ice skate, while taking away all the discomforts of a regular linear inline skate. The Newron inline skates allow athletes to train while providing the same bio mechanical movement as if skating on ice. Mr. Robert Ritondo, President of Newron Sport reports that management firmly believes that it will meet its 3-year projected sales targets as set forth in the company�s business plan. Excerpt from the Newron Sport Business Plan: Sales Revenues � Six Months Ended June 30, 2009 $508,000 Nine Months Ended September 30, 2009 $1,595,120 Year Ended December 31, 2009 $3,769,360 � Sales Revenues (on a calendar year basis) Year Ended December 31, 2009 $3,769,360 Year Ended December 31, 2010 $12,230,100 Year Ended December 31, 2011 $27,178,000 �This has been a great few weeks for our company, as the Newron name is starting to spread,� said Mr. Robert Ritondo, President of Newron Sport. �We are very pleased with progress of our company and the vast amount of inquiries we have been receiving over a short period of time. We are very excited about the direction the company is heading and I am very confident we will attain our projected sales targets,� added Mr. Ritondo. About Newron Sport: Newron�s patented tandem device allows the enjoyment of inline skating on hard and rough surfaces without the vibrations and loss of balance because of surface imperfections as the Newron skate system absorbs these imperfections and provides the inline skate user the feel of a smooth glide, stride and maneuverability of an ice skate, all while offering the user a safer and more efficient braking system than the conventional inline skates. The Newron inline skates is intended both to help prevent injury and to improve athletic performance via its confidence enhancing attributes among inline skate sports participants. The Newron inline skate seeks to foster the enjoyment of sports by people of all ages. For more information on Newron's cutting-edge products, please visit: http://www.newronsport.com/. Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Newron Sport (PK) (USOTC:NSPT)
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