Everlert Inc. Announces Record Growth and Highlights of Annual Report for Fiscal Year 2013
April 23 2014 - 8:30AM
Everlert, Inc. (the "Company") (OTC:EVLI), reported its unaudited
financial results for the year ended December 31, 2013. Below are
just a few of the notable highlights reflected in the filing.
Highlights for the Year Ended December 31, 2013
vs December 31, 2012
- Net Revenue increased by approximately 224% or $466K compared
to 2012.
- Of the Company's $5.4M Accumulated deficit, $4.1M was
attributable and separately classified in the balance sheet as
being related to discontinued operations, meaning the continuing
operations only resulted in a $1.2K accumulated deficit.
- The Company's cash position at December 31, 2013 was $34K,
which was $30K greater than the $4K balance for FYE 2012.
- The Company's Accounts Receivables balance decreased by $19.7K,
from $21K in 2012 to $1.6K in 2013, representing management's
higher success rate in collecting receivables.
- Inventory increased by $141,450 from 2012 to 2013, as result of
increased trade terms together with the increase in projected
sales.
- The Company was able to purchase its first DF-Flatscan X-ray
unit from its Brazilian supplier (VMI) for $108,250 and pay for
half the cost of the unit upon delivery. This purchase also
partially accounted for the increase in inventory.
- The Company was able to cover the costs of preparing for two
high-profile industry trade shows, which helped to give the Company
significant brand recognition in its respective industries.
- The company was able to secure $325,000 in capital from private
placement investments during Q4.
- Intangible Assets increased by $1,050,000 due to the licensing
agreement entered with Registered Express Corporation for
technologies related to online document delivery, document storage,
secure data centers, electronic communications, as well as the use
of RGTX's trademarks, as well as the ability to utilize the
expertise provided by REGTX to Mailroom Disaster Planning,
Management, and Recovery.
- The Company was able to engage Kyle Tingle, CPA as the auditor
of the Company, who is in the process of conducting a full scope
audit of the first quarter ended March 31, 2014. This will help to
make the financial statements more transparent and a stepping stone
to becoming a fully reporting company with the SEC, which the
Company expects to accomplish in the near future.
Robert Hymers, President and CEO of the Company, stated, "The
Company's performance in 2013 generated record profits, increased
assets and positively positioned the Company for future growth
opportunities. In addition, we added on new business segments and
related revenue channels by introducing the Flatscan x-ray
scanners. We are pursuing additional revenue opportunities in 2014.
We are encouraged by our results and are dedicated to delivering on
our commitment of strong earnings and continued double digit sales
growth over a multiyear span."
The 2013 annual report is available on the OTC Markets at the
following link:
http://www.otcmarkets.com/financialReportViewer?symbol=EVLI&id=118793.
Visit the Totalpost Services, Inc. and Everlert, Inc. websites
at: www.totalpostusa.com and www.everlert.net for
further details.
About Everlert:
Everlert, Inc. is in the business of Mail Management solutions
and management through Totalpost Services, Inc., it is one of the
most prominent providers of quality ink cartridges in the U.S.
postage meter industry. Pitney Bowes, Neopost/Hasler, FP are a few
of the meter cartridge manufactures that Everlert produces and
distributes compatible cartridges for their machines. Virtually all
U.S. based businesses use a postage meter cartridge on a daily
basis to fulfill their mailing needs, creating a large demand for
our quality cartridges.
Totalpost's brand and reputation is expanding into other highly
profitable business markets such as mailroom equipment, mailroom
services, returned mail recycling, disaster planning and recovery
for the mail recovery functionality for companies, and its Forensic
and Security Division for representation of its line of forensic
and security x-ray scanning equipment. Our purpose is to create
added value through enhancements and other improvements. Everlert,
Inc. is a Nevada corporation and its corporate operations are
located in Monrovia, California.
Forward-Looking Statements
You should not place undue reliance on forward-looking
statements in this press release. This press release contains
forward-looking statements that involve risks and uncertainties.
Words such as "will,'' "anticipates,'' "believes,'' "plans,''
"goal,'' "expects,'' "future,'' "intends,'' and similar expressions
are used to identify these forward-looking statements. Actual
results could differ materially from those anticipated in these
forward-looking statements for many reasons, including the risks we
face as described in this press release.
CONTACT: Everlert, Inc.
825 South Primrose Avenue, Suite A
Monrovia, California 91016
Tel: (626) 263-5940
Fax: (626) 739-5754
www.everlert.net
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