Bitech Technologies Corp (BTTC)

[tchauncy]

Kick ass Gross Revenues:

The Company recorded $2,579,586 in gross revenue for the three months ended June 30, 2011, offset by $1,326,537 of standard allowance for discount, resulting in net revenue of $1,253,049. For the same period in 2010, gross revenue was $1,732,126, offset by $946,293 of standard allowance for discount, resulting in net revenue of $785,833. For the three months ended June 30, 2010, the Company had an affiliation with only two spine injury diagnostic centers—the center in Houston, Texas for the entire period and the McAllen center for the end of June 2010. The Company became affiliated with the Tampa Bay area center in January 2011 and the Orlando center in June 2011. Accordingly, the increase in revenue for the three month period ended June 30, 2011 compared to the same period in 2010 is attributable to revenues generated from the additional affiliated centers.


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