InvestorsHub Logo
Followers 31
Posts 1156
Boards Moderated 0
Alias Born 01/05/2010

Re: None

Tuesday, 10/26/2010 12:01:26 PM

Tuesday, October 26, 2010 12:01:26 PM

Post# of 119177
NEWS


Highline Technical Innovations, Inc. Announces 3rd Quarter Results Marketwire   

http://ih.advfn.com/p.php?pid=nmona&article=44940596&symbol=NO^HLNT

FARMINGTON, AR -- (MARKET WIRE) -- 10/26/10 -- Highline Technical Innovations, Inc. , (PINKSHEETS: HLNT), announces 3rd Quarter Results. Third quarter revenues were approximately $1,000,000 compared to second quarter revenues of $274,524 and $33,178 from the first quarter. The company stated the enormous gains from first to third quarter were the result of an aggressive marketing campaign and rapid expansion of its dealer network. CEO Charlton Coats stated, "We are thrilled to have had such an excellent quarter, especially considering our most prominent marketing campaigns and other growth initiatives were started after the quarter had already began. We are continuing to add new dealers at an unprecedented rate, and we are very excited to see our efforts resulting in extreme revenue growth.

"Highline management understands the importance of keeping pace with the extreme growth we are experiencing. Our increased revenues starting with the third quarter have allowed us to increase inventories to meet our demands, and explore many opportunities presented to us both here and overseas. We continue to run an extremely lean company and our success thus far has been a result of reinvesting nearly every dollar of our profits immediately in order to fuel even more growth. One of our primary focuses this past quarter has been in developing our joint venture with Dong Feng Motors for our UTV program, and ensuring that project goes on schedule as planned. The UTV production line is set and gas prices are on the rise; both of those factors are very encouraging for our business."

Highline will be submitting our financials to OTC Pinksheets within the next 24 hours. Additionally, our quarterly shareholder letter will be completed this week and sent out as soon as possible detailing more extensively some of the opportunities and growth we have experienced since our second quarter. We encourage all of our shareholders to review each of these items as well as upcoming information releases, as we are making rapid progress on many fronts.