Kelyniam Records Record Year End Revenues for 2008
March 04 2009 - 2:54PM
Marketwired
Kelyniam Global, Inc. (PINKSHEETS: KLYG) an advanced Engineering
and Rapid Prototyping Company specializing in the use of CADCAM
technology today reported record year end revenues for 2008.
The company had revenues of $451,000 USD for the year ending
December 31, 2008, a 392% increase in total revenue generated of
$115,000 USD from the company's inception through year end
2007.
President/CEO Mr. James Ketner stated: "The majority of the
revenues we generated in 2008 were after the acquisition of
M2-Systems in June. If the Company had acquired M2-Systems in
January, we probably would have been closer to around $700,000. The
company has started to become profitable, so we are not burning
cash, selling stock for continued operations, etc. We are paying
down debt with our profits as fast as possible which will be
reflected in our full financial report. We have some really good
projects coming up, some of which are very close to being put into
action. The company will be issuing some press releases in the next
couple of weeks discussing these new developments."
Kelyniam will be posting full financial reports that would
normally be filled with the SEC on form 10K on the company's
website on or near March 15. Kelyniam's management maintains full
transparency and disclosure even though the company is not fully
reporting.
Mr. Ketner also added: "We have been extremely fortunate in this
current economic environment to maintain growth. Advancements in
technology, and utilizing that technology to further enhance the
human experience, and reducing cost by advanced technology will
almost always offer a protective blanket against severe economic
downturns."
About Kelyniam Global, Incorporated:
Kelyniam Global, Inc. is a balanced vertically-integrated
multi-industry holding corporation. Their divisions and
subsidiaries service a vast array of clients across numerous fields
and industries encompassing, but not limited to, medical,
automotive, aerospace, jewelry, nautical and consumer products. The
company specializes in the use of CADCAM technology with recent
developments in the production of high precision replication of
artificial bone implants for medical applications.
Please visit our website at www.kelyniam.com for our new and
exciting medical technology advancements.
Contact: Michelle LynRay Kelyniam Global, Inc. www.kelyniam.com
1-800-280-8192
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