DELTA, BC, Aug. 23 /PRNewswire-FirstCall/ - George Graham, President of ATI AirTest
Technologies Inc. ("AirTest", TSXV: AAT) provides an update to
shareholders on activities in its existing business. For the first
time in its history the Company has enjoyed three consecutive
profitable months with positive cash flow. Sales for
May-July 2010 were up 46% over the
same period last year, with July alone being more than double July,
2009.
Graham feels the Company can look at the future with confidence
in its traditional business. "We now have repeat business accounts
providing enough monthly revenue to assure ongoing profitability,
and with the paradigm shift of buildings converting to CO2 demand
controlled ventilation we expect this base of repeat business to
continue to grow."
The Company is supplying CO2 sensors for the ongoing energy
retrofit of stores for a major pharmacy chain in Canada, for a large department store chain
across United States, and
commencing first week of September, two supermarket chains in
Northwest United States and a big
box store chain in California.
Also AirTest is supplying a large number of sensors for an
initiative in Southern California
where retrofits of theaters, concert halls, bowling alleys, casinos
and other recreational activity buildings are being subsidized by
the major California Utilities including PGE, Southern California
Edison, Sand Diego Gas and Electric and the California Energy
Commission. This is the first large subsidized initiative of its
type and signals the start of a dramatic upswing in the CO2 DCV
program.
About AirTest: AirTest Technologies (www.airtest.com) is a
Green-Tech company specializing in sensors that improve commercial
building operating efficiency and at the same time create energy
savings. These sensors are all based on technical innovations
developed in the last ten years, and comprise a growing second wave
of energy saving technologies that will make a significant
contribution to the enabling better control of buildings to ensure
energy savings and sustainability. AirTest offers its products to
leading-edge building owners, contractors and energy service
companies targeting the buildings market. AirTest also provides
energy cost reduction solutions to building equipment and controls
manufacturers who incorporate AirTest sensor components in their
products.
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are
"forward looking statements". The Company intends that such
forward-looking statements be subject to the safe harbours created
thereby. Since these statements involve risks and uncertainties and
are subject to change at any time, the Company's actual results may
differ materially from the expected results.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE AirTest Technologies Inc.
Copyright . 23 PR Newswire
