Great NEWS...
ROCHESTER, NY, Mar 11, 2010 (MARKETWIRE via COMTEX) -- ImageXpres Corporation
(PINKSHEETS: IMJX), a US-based digital imaging and printing company, toda y
posted its financial statements for the 2009 year, including balance sheet and
income statement dated December 31. The Company also released its revenue
projections for the upcoming 2010 and 2011 years. This data can be found on the
Company's corporate website at www.imagexpres.com/investors.php.
The financial statements were prepared by the Company's internal accounting
personnel, and are now being reviewed by the Company's auditors. The Company
anticipates commencing a full audit later in the year, with the intention of
becoming a fully-reporting company in 2011.
John S. Zankowski, President & CEO of ImageXpres Corporation, stated, "We have
been working diligently to complete our internal accounting, and sharing the
results with our shareholders and the general public. This begins our compliance
initiative which will get us to Current Information status on the Pink-OTC
Markets this year."
The Company sustained operatin g losses in 2008 and 2009 as it refocused its
product offering on interactive digital systems and proprietary software
solutions. During this time, the Company expended major financial and human
resources in developing its proprietary data mining engine to support the
roll-out of its SmartKiosk(TM) digital advertising platform, now being sold to
retail businesses.
For full-year 2009, the Company had a net operating loss of $94,400, but,
significantly, it showed a quarter-by-quarter decrease in net operating losses,
and a net operating profit during 4th Q 2009. With major product development
completed, and full-scale sales efforts underway, the Company expects
quarter-by-quarter growth in sales revenues and net profits during 2010 and
2011.
The Company's Board of Directors met to review the Company's results, and
financial projections for 2010 and 2011. The Board agreed to show a range of
potential outcomes (conservative-modera te-aggressive), to accurately reflect
both the large market potential, and the uncertain adoption rate, of the
Company's new Surg-i-Scan(TM) digital safety checklist and new line of
SmartKiosk Media(TM) platforms. The Company anticipates that it can attain
growth in excess of 100% each year for the next three fiscal years.
Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may,"
"future," "plan" or "planned," "will" or "should," "expected," "anticipates,"
"draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements,
including the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors, and
other risks identified in the Company's disclosure information.
All company or product names used are the property of their respective owners
and may be the trade marks(TM), service marks(SM), or registered marks(R) of
other companies, and are used for information purposes only and to their owners'
benefit, without intent to infringe.
About ImageXpres Corporation:
ImageXpres (www.imagexpres.com) is a digital imaging and printing company,
headquartered in Rochester, NY. IMJX develops imaging systems solutions for
commercial printing, consumer photo, health and business communications market
segments. ImageXpres is currently manufacturing and marketing a line of
self-service interactive digital kiosks, and LitePix(TM) Digital Displays,
digital signs that provide unique advertising benefits for business owners. The
Company's website is www.imagexpres.com.
CONTACT:
ImageXpres Corporation
John S. Zankowski, CEO
info@imagexpres.com
585-292-5177
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