Diatect International Corporation (fka DTCT)

[MWM]

Diatect 2007 Revenue Up 95% to $2M
Mar 20, 2008 9:15:00 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, today announced revenue for the year ended December 31, 2007 was $2,015,484, up 95.4% from the $1,031,608 reported for 2006. Net loss for 2007 was $1,163,939 or $0.01 per diluted share, a 34.9% decrease from a net loss of $1,787,141 or $0.01 per diluted share for 2006.

The company noted that operational metrics continue to improve. The 2007 gross profit was $1,240,724 or 61.5% of sales, compared to a gross profit of $623,364 or 60.4% of sales for 2006. General and administrative expenses decreased 25.1% to $1,767,231 in 2007 from $2,360,688 in 2006. Loss from operations decreased 29.6% to $1,534,237 in 2007 from $2,180,528 in 2006.

CEO and Chairman Dave Andrus said, "Diatect has demonstrated encouraging year-over-year improvement and growth. Our sales drastically increased in 2007 and our operational costs and net loss have decreased sharply. Our strategic marketing efforts and investments in our marketing program have clearly paid off. We are currently moving forward with a number of initiatives to increase the presence of our Results(R) products in retail outlets while our Diatect(R) products are being distributed through a wide range of domestic and international channels. We strongly believe that our products are the most effective and natural insecticides available in the market today and we intend to fully exploit this strategic advantage."

Additional information, including financial tables and disclosures, can be found in Diatect's 10K, filed yesterday with the Securities and Exchange Commission and available at http://www.sec.gov.

About Diatect International

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.