EMTA Holdings Reports Record Monthly Revenues of $453,000 for February 2008; This Represents a 295% Increase from January 2008
2008年3月4日 - 11:00PM
PRニュース・ワイアー (英語)
Company Generates an Estimated $80,000 in Positive Cash Flow for
the Month of February 2008 SCOTTSDALE, Ariz., March 4
/PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN
BOARD: EMHD) , maker of XenTx(TM), Synergyn(TM) and other engine
treatment and fuel efficiency products, has today announced record
monthly revenues of $453,000 for the month of February 2008, which
represents a 295% increase in sales from the previous month and an
increase of 338% over the prior quarter's monthly average. In
addition, the Company is pleased to announce that it has generated
$80,000 in positive cash flow (for February 2008), the first time
this has been achieved in Company history. The explosive revenue
growth is mainly attributable to significant new orders for all of
the Company's products and macro-trends (i.e. $100 oil prices,
legislation on pollution emissions) that enhance the importance of
fuel efficiency initiatives. The Company continues to experience
strong demand for its core products and anticipates significant
revenue and earnings growth moving forward. The Company is
cautiously optimistic that it can generate monthly revenue
exceeding $1,000,000 in the first fiscal quarter of 2009, ending
June 30, 2008. Income from operations for the month was
approximately 21%; income from operations should improve as
production continues to ramp up. In February 2008 the Company
announced the completion of a $1.1 million private placement with
accredited individual and institutional investors. This private
placement provided the Company with sufficient funding to invest in
raw materials, therefore enabling it to fulfill vast new customer
orders. In addition funds are now available to complete the last
phase of independent laboratory testing for its low emission diesel
fuel catalyst (CB-LE). When these tests are completed, the Company
expects its monthly revenue growth to increase by an additional
$2,000,000 by the end of fiscal year 2009 ending March 31, 2009.
EMTA Chief Executive commented on the February 2008 results, "After
many years of development and more than $8 million in investment
capital, our products are gaining significant market share both in
the United States and abroad. We strongly believe that the
Company's revenue and earnings growth are sustainable and
management has worked extremely hard to insure that our production
capacity can ramp quickly enough to fulfill customer orders. The
Company's future has never been brighter and we greatly appreciate
the continued support from our shareholders." About EMTA Holdings
EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN BOARD: 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),
CleanBoost(TM) and Fusion Lubricants 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. CONTACT: Carla Hintz The Wells Group, Inc. 480-391-7400
Or Paula C. Wright VP IR/PR/Media EMTA Holdings, Inc. 480-607-0251
DATASOURCE: EMTA Holdings, Inc. CONTACT: Carla Hintz of The Wells
Group, Inc., +1-480-391-7400, , for EMTA Holdings, Inc.; or Paula
C. Wright, VP IR|PR|Media of EMTA Holdings, Inc., +1-480-607-0251,
Web site: http://www.emtacorp.com/ http://www.xentx.com/
Copyright