IMJX news out 0001x0002
financials, and turned profitable in 4th quarter>>>
(COMTEX) B: ImageXpres Corp Releases 2009 Financial Statements ( Marketwir
e )
B: ImageXpres Corp Releases 2009 Financial Statements ( Marketwire )
ROCHESTER, NY, Mar 11, 2010 (MARKETWIRE via COMTEX) --
ImageXpres Corporation (PINKSHEETS: IMJX), a US-based digital
imaging and printing company, today 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 operating 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-moderate-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
SOURCE: ImageXpres Corp
mailto:info@imagexpres.com
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