FARMINGDALE, N.Y., Jan. 6, 2015 /PRNewswire/ -- Cemtrex (OTCBB:
CTEI) announced today its Chairman & CEO, Saagar Govil, was
recently interviewed by The Wall Street Analyzer. Cemtrex recently
filed its annual report and finished the year with record sales and
net income of $47,653,114 and
$2,668,886 respectively. Some
highlights from the interview include:
Logo - http://photos.prnewswire.com/prnh/20150105/167151LOGO
WSA: Right. So, what are some of the drivers behind
the company's recent [Q4] results which were particularly
strong?
Saagar Govil: […] We finished our fiscal year with
about 47 million in sales which was up from about 13.5 million the
previous period. It's been a big dramatic jump in sales and
that's largely because we acquired a much larger company than us
last October, which is the electronics manufacturing
business. In addition to that we've also seen strong organic
growth in our business.
[…]There's been a strong demand internationally to implement
different types of environmental technologies and equipment.
We are continuing to see strong demand for these products that we
offer.
WSA: So, what are some of the key trends that you
are seeing right now in your sector, and how are you positioning
the company to capitalize?
Saagar Govil: […] Recently the US and China came to an agreement about cutting
different types of CO2 and greenhouse gas emissions, and this is a
big initiative because previous efforts on the international forum
were sort of hindered because China and the US could not come to an
agreement. This new agreement really marks a new precedence
in overall environmental controls efforts.
As these two major economies start to adopt more and more
technology and there's a growing awareness in China, and India, and Southeast
Asia where there's so much growth happening that we're going
to see consistent growth for our business because we sell directly
into those markets. Almost 90% of our environmental
technology business comes from overseas […] so as that market
continues to flourish because of the growing demand for healthier
environments for the local population, we're able to sell into
those markets. So, we're excited about those opportunities
for the next couple of years.
On the electronics manufacturing business for us we sell heavily
into the medical devices space. […] And one of the key
trends that's really happening right now is medical device
manufacturers are seeing growth in sales due to innovation and
technology but also because there's new patients in America under
the new Affordable Healthcare Act.
As new patients are able to undergo different types of
procedures that they couldn't pay for before, medical device
manufacturers are able to increase those sales. And we sell
directly into the OEMs because the electronics are a major
component of these products and as a result we're seeing, we have
several OEMs who are key strategic players in this market and as
their sales continue to grow our sales will continue to grow.
WSA: And do you believe that the Cemtrex message and
upside potential are completely understood and appreciated by that
financial community and if not, what do you wish investors better
understood about your company?
[…] I think as we continue to tell our story that different
types of investors will see what we're doing and continue to buy
into what we're doing. I think we've also demonstrated a
commitment to building shareholder value, and I think sometimes
it's not so easy to see just from looking at a financial statement
or a press release. If you looked at the return on equity and
the fact that we were able to do a massive deal without any
dilution, shareholders can really appreciate that. We've able to
grow so rapidly without compromising their holding in the
company. I think if were to go get that across, that message
would be what I would want to convey the most; that we're committed
to driving shareholder value and I think the results over the last
12 to 18 months really demonstrate that. We're looking to
continue doing more of that over the next 12 months and beyond.
WSA: […] Before we conclude to recap some of your key
points, why do you believe investors should consider the company as
a good investment opportunity today? What else can investors
look forward too?
Saagar Govil: Well, we delivered about 2.6 million
in earnings that I think based on the market cap, if you look at
comparable companies; we are certainly undervalued with that
respect. We've been able to achieve significant growth and I
think over the next two to three years we're going to continue to
try to repeat that process and really grow, and that's what we
demonstrated in the past and that's what we're committed to doing
in the future. As shareholders go through our reports and
really look at the company in our whole entirety, they'll be
pleased with what they see and what we can do here.
To listen to the entire interview please visit:
http://wallstreetanalyzer.com/cemtrex-inc-otcbb-ctei-ceo-interview/.
About Cemtrex, Inc.
Cemtrex, Inc. (CTEI) is a diversified technology company that
provides a wide array of solutions to meet today's industrial
challenges. Cemtrex, through its wholly owned subsidiaries provides
electronic manufacturing services of custom engineered printed
circuit board assemblies, emission monitors & instruments for
industrial processes, and environmental control & air
filtration systems for industries & utilities.
corporate.cemtrex.com.
Safe Harbor Statement
This press release contains forward-looking statements. Actual
results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. Statements made herein are as of the date of this
press release and should not be relied upon as of any subsequent
date.
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
Email
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SOURCE Cemtrex