August 14th, 2007 (Shareholder Letter on cleanerfuture.com)
Dear Shareholder:
I am very pleased to announce this quarter’s result which has yielded the first profit in the Company’s history. At the end of the quarter in March of 2007, ESW’s management team was charged with the mandate to meet both sales and profit margins in the second quarter. Each department responded to the challenge with determined enthusiasm. The net result of these efforts has taken our Company from what we believe was a good first quarter, to what we believe was an excellent second quarter. What you, the shareholders, are witnessing is the culmination of efforts from a determined management team driving a solid foundation and infrastructure which has been built over the past years. Moving forward, our team efforts will intensify as we bring to fruition the many opportunities that continue to present themselves into our model.
We are currently working very closely with the US Military on a number of very exciting projects which we hope to announce in the near future. We also continue to demonstrate our product lines with our partners and distributors in a number of very important on-road and off-road programs. It is our belief that these programs will have very positive impact on the bottom line as we move forward. 2007 annual sales are still on target to reach a minimum of $9 million, not including the multitude of potential opportunities currently in process.
I am also very pleased to announce that we have launched our new website showcasing our military portfolio of products and services. This comprehensive website will present the new technologies that we are currently working on for NATO Military groups. As well, the site will also serve to provide the community with information on the Company’s news and relationships as they develop.
For further information, please visit: www.eswmilitarytech.com
[Second] Quarter 2007 Results
Revenues for the second quarter of 2007 were $3,200,422 compared to $160,573 for the second quarter of 2006, constituting an 1893% increase over the same period last year. The Company reported a net profit of $663,879 in the second quarter of 2007 compared with the loss of $1,401,759 in the second quarter of 2006. The gross profit was 68.3% for this quarter representing an overall increase of $2,163,459 over the same period last year.
Yours Very Truly,
David J. Johnson
President - CEO
Environmental Solutions Worldwide Inc
