Welcome! noticed the recent press release from thursday, with gross profit for this company at 39%.Looks to be pretty much undiscovered IMO.More dd needed...
Press Release Source: Equipment and Systems Engineering, Inc.
Equipment & Systems Engineering Reports Nine-Month Financials With Gross Profit at 39%
Thursday November 17, 12:33 pm ET
MIAMI, FL--(MARKET WIRE)--Nov 17, 2005 -- Equipment and Systems Engineering, Inc. (Other OTC:EQSE.PK - News), a leading manufacturer and global supplier of on-site sodium hypochlorite generation systems for water sanitation, announced today that it has filed a financial report for the nine-month period ended September 30, 2005. Through the first three quarters of 2005, the company reported gross profits of $496,852, approximately 39 percent of sales, and an after tax net income from operations of $104,507, approximately eight percent of sales.
EQSE also has reported sales revenue of $1,311,144 for the nine-month period ended September 30, 2005. The full financial report is available online at www.pinksheets.com.
"EQSE has demonstrated that it can maintain its sales momentum and its leadership position in the markets it serves," said Jose T. Masis, EQSE's CEO and founder. "Our stable revenue numbers and considerable profit margins over the past nine months have created value for our shareholders and continue to make EQSE an attractive investment consideration.
EQSE core products are marketed under the Aquachlor brand name. These systems are used to sanitize drinking water in rural areas of developing nations, as well as in emergency situations, around the world. EQSE has an installed base of more than 1,000 Aquachlor units in 50 countries worldwide, providing several hundred million liters of safe drinking water across North, Central and South America, as well as Africa, Oceania and Asia each day.
EQSE also maintains two other successful business units: Its Alternative Fuels Unit is the exclusive reseller of IMPCO and OMVL alternative fuels conversion systems in numerous countries throughout Latin America and the Caribbean; these systems convert gasoline driven engines to operate on gases such as natural gas (CNG) and propane (LPG). Targeting the petroleum industry and many navy installations in Latin America, EQSE's Waste Water Treatment Unit resells electrocatalytical systems manufactured by EnviroVac; these systems convert waste water into safely disposable water using electrolyzed seawater as a disinfectant. The company enjoys high market shares of more than 25 percent for these divisions in each of the countries where it actively participates.
About Equipment & Systems Engineering
Founded in 1986 as a provider of packaging and process machinery as well as related consulting services to the petroleum industry in Latin America and the Caribbean, Equipment and Systems Engineering, Inc. (Other OTC:EQSE.PK - News) has since expanded to become a leading manufacturer and supplier of a full line of on-site sodium hypochlorite generation systems, which the company markets and sells under the Aquachlor brand name. For more information, please visit www.equipmentandsystems.com. EQSE Shareholders are encouraged to register on the "Shareholder Registration" page to receive ongoing company news updates.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Equipment & Systems Engineering disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.
Contact:
Investor Contact:
Jesus Rodriguez
305.776.4535
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Source: Equipment and Systems Engineering, Inc.
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