$KNSC Kenergy Scientific, Inc. Announces First Quarter Earnings Highlights
Source: New Media Wire
MIAMI, FL-(NewMediaWire - Jul 10, 2017) - Kenergy Scientific, Inc. (OTC PINK: KNSC), a growing chain of Hibachi Noodle Bars offering Fast, Fresh, Authentic Pan Asian Food. Hibachi Grill & Noodle Bar, today released highlights from their 2017 first quarter results:
Key metrics for the first quarter, versus the same period a year ago, were:
Total revenue increased from $252,169 to $562,218
Company-owned restaurant sales increased by 45% to $562,218
Net earnings increased 27% over the same period for 2016
Adjusted net earnings increased 27% for the first quarter 2017.
Adel Nassar, President and Chief Executive Officer, commented, "In the first quarter, we are pleased that sales growth on a store to store basis, was positive for both company-owned locations, and outperforming any projections in casual dining segment. We believe our dishes, which are carefully prepared with only the highest quality ingredients, coupled with our focus on customer service and satisfaction, which are our top priority, has led to the improved margins and profitability."
Erwin Vahlsing Jr., CFO stated, "We're forging the strong execution of our fundamental business drivers, a constant focus on our customers, the benefits of our organization and, suppliers and employees to seize the opportunities before us. We're demanding from ourselves to identify and pursue initiatives that can bring the best benefit to our customers. I'm confident that we're on the right path and well-positioned to unlock growth and deliver against our velocity growth plan for 2017 and beyond."
The company expects the following in 2017:
Same-store sales growth month-over-month
Implementing our Fast Track Delivery systems resulting in a sales increase of between 8% and 10%
Signed executed lease for third Location. Achieving additional 45% increase in new sales
Expansion of our Flagler Location, adding additional sales of 15% to 20%.
About the Company:
The Company operates a growing chain of Hibachi Noodle Bars offering Fast, Fresh, Authentic Pan Asian Food. Hibachi Grill & Noodle Bar was established in 2010, in Miami, FL. Our dishes are carefully prepared with only the highest quality ingredients. Customer service and satisfaction is our top priority so please visit our restaurant and enjoy the vibrant atmosphere. We strive to offer the best quality food and taste to our clients without the high price attached to it. We serve fast, fresh, authentic Japanese Food. From soups and salads, hibachi chicken, steak and seafood, to fried rice, noodle bowls and Yakisoba as well as Thai dishes. All healthy, fast and convenient.
Safe Harbor Statement:
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS"ESTIMATE", "ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.
CONTACT INFORMATION
Contact Information:
Phone: 800-277-0321
Email: infoknsc@otcpubco.com
News 
Market Data 
Discover 
