Zevotek, Inc. (ZVTK)

[flaflyersfan]

ZVTK(e) files 10-K;

http://www.sec.gov/Archives/edgar/data/1364208/000135448812005923/zvtk_10k.htm


Revenues

Our sales were $8,024 for the year ended June 30, 2012, as compared to $15,540 for the year ended June 30, 2011. The decrease of $7,516 or 48.4 % was due to lack of merchandising.

Net Income and Loss

Our net loss was $1,482,168 for the year ended June 30, 2012, as compared to $1,244,112 for the year ended June 30, 2011. The increase of $238,056 or 12.7 % was due to our increase in interest expenses that is attributable to the increase in our convertible promissory note debt and advances payable.

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