ZEOX Releases Second Quarter Financial Results
01 Mars 2010 - 6:00PM
Marketwired
Mr. Garold R. Spindler, Director and Chairman of the Board of ZEOX
Corporation, (TSX VENTURE: ZOX) (FRANKFURT: ZED) announces the
Company has released its second quarter financial statements for
the period ended December 31, 2009. The Company's restructuring
process is continuing evidenced by a decreased operating loss.
Second quarter 2010 net loss was $494,255 ($.01 per share) compared
to $1,159,792 ($.02 per share) for the same period last year. Total
assets were $3,951,235 compared to $4,986,155 at June 30, 2009. The
reduction reflects returning non-strategic assets back to the
seller for discharging for certain liabilities during the current
quarter. Second quarter revenues were $192,900 compared to $214,583
for same period last year. We anticipate continued sequential
growth of quarterly revenues.
The company has successfully transitioned from a research and
development focus to a business model based on exploiting reserves
and full scale mining, processing and distribution operations. The
Company has developed and is executing its business plan which
requires substantial revenue growth.
The Company is committed to providing its shareholders and the
investor community with regular updates. As such, the Company will
be hosting an investor call on Friday, March 12, 2010 at 12pm
Eastern Standard Time. Call details will be posted on the Company
website by the end of this week.
Lastly, Zeox Corporation wishes to congratulate the Canadian
Women's and Men's Olympic Hockey Team, as well as, all the Canadian
and US Olympic athletes.
For a more complete business and financial profile of the
Company, management encourages investors to view the Company's
documents posted on www.SEDAR.com and on the Company's website
www.zeoxcorporation.com.
On behalf of the Board of Directors
Garold R. Spindler, Director and Chairman of the Board
Legal Notice Regarding Forward-Looking Statements: This news
release contains "Forward-Looking Statements" within the meaning of
applicable Canadian securities legislation. Forward-Looking
Statements are indicated expectations or intentions.
Forward-Looking Statements in this News Release include that the
Company anticipates sequential growth of quarterly revenues to
continue. Factors that could cause actual results to be materially
different include that markets may not develop as quickly as
anticipated or at all or that productive capacity may not be large
enough to handle market demand. Investors are cautioned against
placing undue reliance on forward-looking statements. The TSX
Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: ZEOX Corporation Michael Shea, CFO 203-210-5614
203-761-4953 (FAX) mshea@zeoxcorp.com www.zeoxcorporation.com
Zeox Corporation (TSXV:ZOX)
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