Diatect International Corporation (fka DTCT)

[MWM]

Diatect International 3Q '07 Revenue Up 139% to $657,274
Nine Month Revenue Rises 77.8% to $1.6M
Jan 29, 2008 9:00:00 AM
Copyright Business Wire 2008
View Additional ProfilesHEBER CITY, Utah--(BUSINESS WIRE)--

Diatect International Corporation (Pink Sheets:DTCT), a company providing natural 'go green' insect control products, announced today that revenue for the third quarter of 2007 increased 139% to $657,274 from $275,517 reported in the third quarter of 2006. Gross profit for the quarter increased 149% to $523,847 from $210,604 in the comparable quarter last year. Loss from operations for the quarter decreased to $237,766 from a loss of $1,045,859 reported in the third quarter of 2006. Net loss for the quarter was $326,393, or $0.00 per share, compared to $966,358, or $0.00 per share, for the comparable quarter last year.

Revenue for the first nine months was $1,517,615, up 77.8% from revenue of $853,637 reported for the comparable period last year. Gross profit for the first nine months of 2007 increased 104% to $1,204,121 from $589,856 reported in the same period last year. Net loss decreased to $715,793, or $0.01 per share, from $1,603,609, or $0.01 per share, reported in the comparable quarter last year.

CEO and Chairman Dave Andrus said, "Diatect's third quarter results reflected continuing financial improvement for our company. Our notable increase in sales and our ability to hold down production costs produced gross profit margins for the quarter of 79.7%. This compared with the 76.4% reported in the third quarter of 2006. Gross profit margin for the first nine months of 2007 also improved to 79.3% up from the 69% reported last year's third quarter.

"These results reflect the steadily improving tone of our business as we continue to record excellent sales growth in a number of areas including online sales for our Results(TM) line of products. We are investing additional resources into our sales and marketing effort and we believe this will help produce a further improved 2008 result for us and for our shareholders as we expand our growing list of satisfied customers," Andrus said.

About Diatect International(TM)

Diatect International Corporation produces, markets and distributes eco-friendly and sustainable insecticides for agricultural, commercial and retail markets. Their EPA-labeled products are available through nation-wide distributors, retailers, and via telephone and Internet sales. For more information, please visit http://www.deadbugsnaturally.com or http://www.diatect.com.

An investment profile on Diatect is available at http://www.hawkassociates.com/dtctprofile.aspx.

For more information, contact Diatect International Shareholder Services at 435-654-4370, e-mail: [e-mail], or Antonella Montagna or Julie Marshall, Hawk Associates, 305-451-1888, e-mail: [e-mail]. To receive e-mail notice of future releases sign up at http://www.hawkassociates.com/email.aspx.

This announcement includes forward-looking statements that involve risks and uncertainties. While these statements are made to convey to the public Diatect's progress, business potential and growth prospects, readers are cautioned that forward-looking statements represent management's opinion. Such statements are made based upon current expectations that are subject to risk and uncertainty. In particular, management's estimates of future revenue amounts and timing are based upon product delivery schedules, which may be subject to unforeseen delays. Diatect does not undertake to update forward-looking statements in this news release to reflect actual results of its marketing plan and changes in assumptions or other factors affecting forward-looking information.

Source: Diatect International Corporation



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For Diatect International Corporation
Eber City
Hawk Associates Inc.
Antonella Montagna or Julie Marshall
Phone: [phone]
E-mail: [e-mail]