InVitro International Posts FY '07 Solid Sales Gain & Record Profits
10 Décembre 2007 - 4:46PM
PR Newswire (US)
IRVINE, Calif., Dec. 10 /PRNewswire-FirstCall/ -- InVitro
International (Pink Sheets: IVRO) today reported Fiscal Year 2007
sales of $741,714 and net profit of $69,273. These results compare
to Fiscal Year 2006 sales of $608,920 and profits of $15,387,
respectively. IVRO President/CEO, W. Richard Ulmer said: "We are
delighted to report our highest company sales since 1996, an
advance of 21% over the prior year; an all time high in profits, as
well as profits for the 4th year in our last five; a near doubling
of sales in Latin America to more than 12% of company sales;
approximately a two-thirds increase in European sales, sparked in
great part by our wonderful investing Italian partner,
ResPharma/INT.E.G.RA; and finally our U.S. sales advanced more than
18%. When we examine sales by technology, it was pleasing to see
Irritection(R) advance nearly 30% while Corrositex jumped 16%
following its formal European acceptance published late in 2006.
Similar Regulatory acceptance for Irritection(R) is progressing per
normal government review schedules." On Wednesday, December 12 at
noon PST, President, Rich Ulmer, http://www.invitrointl.com/ will
be interviewed on http://www.wallst.net/ regarding these results
and many other subjects in the non-animal testing methods business.
This press release may contain "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those projected as a
result of certain risks and uncertainties. These risks and
uncertainties include, but are not limited to: acceptance of the
Company's technology by customers or regulatory agencies, changes
in market conditions and other competitive factors. Any such
forward-looking statements are not guarantees of future
performance. DATASOURCE: InVitro International CONTACT: W. Richard
Ulmer of InVitro International, 1-800-2-INVITRO Web site:
http://www.invitrointl.com/
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