ACUNETX REPORTS REVENUES AND EARNINGS CONTINUE TO PUSH UPWARD IN 3RD QUARTER
Torrance, California, November 15, 2007
TORRANCE, CA., November 15, 2007 – AcuNetx, Inc. (OTCBB: ANTX), today filed its 3rd quarter 10QSB.
The report revealed that the company’s sales and profits have advanced
during the three months ending September 30, 2007, and confirmed that the initiatives
the company has put in place months earlier were gaining traction. Among the facts
highlighted by the report were the following:
• Revenues during the first nine months of 2007 were $2,230,706, compared to $1,420,068 for the corresponding period in 2006, a 57% increase.
• Unit shipments increased to 82 units during the first nine months of 2007, up
from 51 for the first nine months of the prior year, a 60.7% increase.
• Gross profits increased 68.4%.
• Total operating expenses decreased by $1,377,231 (36.5%) from $3,661,816 during the first nine months
of 2006 to $2,324,585 during the first nine months of 2007.
• Decreased selling, general and administrative expenses resulted in a declining loss of $559,257 for the nine months
ended September 30, 2007, compared to a loss of $2,637,573 for the same period in the previous year.
“The initiatives we implemented in the first half of 2007, initiatives calculated to
increase sales, decrease operating expenses, and take advantage of opportunities
within our IntelliNetx division as well as with our subsidiaries are paying off.
The company is healthy and growing”, said Ron Waldorf, CEO of AcuNetx.
About AcuNetx, Inc.
AcuNetx markets a diverse line of diagnostic, analytical and therapeutic tools
for medical (audiologist, neurologists, otolaryngologists and physical therapists
as well as hospitals, clinics, and extended care facilities) and law enforcement
applications. AcuNetx is headquartered in Torrance, CA. For more information
concerning AcuNetx and its subsidiaries, please visit
www.acunetx.com
FOR FURTHER INFORMATION CONTACT:
Name: J. Astor
G.M. Astor & Associates
Telephone: 818 788 4346
gastor@acunetx.com
Safe Harbor for Forward-Looking Statements
This news release contains forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. While these statements are made to convey to the public the
company’s progress, business opportunities and growth prospects, readers are
cautioned that such forward-looking statements represent management’s
opinion. Whereas management believes such representations to be true and
accurate based on information and data available to the company at this
time, actual results may differ materially from those described. The
company’s operations and business prospects are always subject to risk and
uncertainties. Important factors that may cause actual results to differ are
set forth in the company’s periodic filings with the U.S. Securities and
Exchange Commission.
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