NXSN - NexTech NXSN Announces Profitable 2nd Qtr. 2006 and Retention of Financial Auditing Firm
Wednesday September 13, 4:10 pm ET
AUSTIN, TX--(MARKET WIRE)--Sep 13, 2006 -- NexTech Solutions, Inc. (Other OTC:NXSN.PK - News), a Louisiana Corporation with offices in San Mateo, California and Austin, Texas and a supplier of metrology and automation solutions to the Semiconductor, FPD (Flat Panel Display), and other industries, has announced an increase in revenues for second quarter 2006. The company also announced that they have retained a financial auditing firm to audit the company in an effort to get listed on the NASDAQ OTCBB.
NexTech Solutions reported net income of $92,101 for the second fiscal quarter ending June 30, 2006, based on sales revenues of $766,970 as compared to a net loss of $232,101 on sales revenues of $378,162 for fiscal second quarter 2005.
"As we continue on course toward steady growth, we remain mindful of our responsibility to shareholders to pursue operational profitability," commented Tony DiNapoli, NexTech's CEO and president. "NexTech's plans for exciting new product roll-outs require us to commit to investment in our future, while essential profit margin objectives in a dynamic market remain among our highest corporate priorities."
The company also announced the retention of a financial auditing firm to audit the company in an effort to get listed on the National Association of Securities Dealers Automated Quotations.
NexTech Solutions' intention is to file form 10SB with the SEC to become a reporting company under Section 12(g) securities exchange act of 1934. The audit is vital to the 10SB filing and the company's ultimate visibility as it moves upward.
"The audit is paramount in our attainable goal of matriculating into a Fully Reporting Bulletin Board company and eventually being listed on the NASDAQ," said DiNapoli.
About NexTech Solutions
NexTech Solutions is a Louisiana Corporation with offices in San Mateo (Silicon Valley), California and Austin, Texas. NexTech Solutions brings advanced metrology and automation solutions to the Semiconductor, FPD (Flat Panel Display), and other industries. NexTech's mission is to create greater shareholder value via advanced technology development and marketing associated product solutions targeted at emerging large markets.
Forward-Looking Statements:
Based on current expectations and assumptions, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements. NexTech Solutions, Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Contact:
David A. Torres
Vice President, Worldwide Sales
Corporate Communications
NexTech Solutions, Inc.
1-650-305-9600
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Source: NexTech Solutions, Inc.
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