ImageXpres Reports Strong Second Quarter Revenues, Earnings
August 25 2010 - 9:30AM
Marketwired
ImageXpres Corporation (PINKSHEETS: IMJX) today reported strong
second quarter financial results and provided an optimistic
forecast for the second half of 2010. The Company's revenue and
profits for the six months ending 2010 were substantially improved
as compared to the same period in the prior year.
For the quarter ending June 30, 2010, the company recorded total
sales revenue of $652,960, and net income of $77,319, in the second
quarter of 2010, a significant increase over revenues and net
income in second quarter of 2009. Equally significant is that total
revenues for this quarter showed an increase of 80% over first
quarter of 2010's revenue of $361,815, and the net income rise from
$46,667 in first quarter of 2010 to $77,319 in second quarter of
2010 represents a 66% increase from last quarter.
John Zankowski, ImageXpres Corporation president, CEO, states,
"The strong revenue and profits recorded in second quarter of 2010
are a result of several key strategies put in place during the
second half of 2009, and first half of 2010, that are just now
beginning to generate consistent sales revenues on a weekly and
daily basis. Most notable is the Company's recent launch of its
FreePrintze™ website, and associated advertising revenues from
small and medium businesses seeking a better way to reach targeted
consumers in their local geographic area. Sales revenue attributed
to ImageXpres Printing Solutions, which includes FreePrintze™
direct mail advertisements, was $324,690 in second quarter of 2010.
This represents a very strong showing, with the program just now
moving out of market testing to full-scale implementation. The
FreePrintze™ printing and e-commerce business segment should prove
to be a major growth engine for the Company as major advertisers
are enlisted, and the FreePrintze™ consumer base grows
exponentially over the next several quarters."
Mr. Zankowski also comments on the Company's SmartKiosk systems
and medical systems product lines, both of which show sales revenue
increases for the period ending June 30, 2010. Mr. Zankowski
states, "The Company has devoted a major portion of research and
development funds toward the implementation of an enterprise
interactive kiosk and digital signage solution that can provide
significant product differentiation for large retail chains, and
independent, small retail businesses. The company is now completing
various market trials and pilots in several key market segments. To
date, the Company has recorded sales revenues of $283,000 in its
SmartKiosk Systems product segment, which includes both kiosk and
digital signage hardware, as well as digital advertising
software/content revenues. As these SmartKiosk market trials
progress, and customized software requirements for retail customers
are completed, it is expected that large-scale sales to several
major retail chains will begin to drive significant increases in
sales revenues going forward."
The third segment of the Company is its medical healthcare
product line, including its Surg-i-Scan™ surgical Checklist boards,
and "digital" Surg-i-Scan™ software app for Apple's iPad, iPod, and
iPhone devices. The Company's presence in this important, growing
market segment is minimal to date, with total revenues of $45,270
in second quarter of 2010, but the Company's products are well
positioned, and highly differentiated from the competition.
Mr. Zankowski states, "A major marketing and sales effort is
just beginning, and the Company expects to achieve significant
increases in revenues as its digital product line becomes more
familiar to surgeons, nurses and other caregivers associated with
patient care initiatives worldwide. The Company is receiving sales
inquiries from hospitals now trialing the Surg-i-Scan™ digital
Safety Checklist app, and we expect sales of customized versions of
the current digital checklist to ensue, along with added
pull-through sales of physical checklist boards to hospitals."
About ImageXpres
ImageXpres is a digital imaging and printing company,
headquartered in Rochester, NY. ImageXpres develops imaging systems
solutions for commercial printing, consumer photo, health and
business communications market segments. ImageXpres is currently
manufacturing and marketing a family of self-service interactive
digital kiosks, and LitePix Digital Displays, digital signs that
provide unique advertising benefits for business owners. The
Company's website is www.imagexpres.com.
Statements in this press release about the company's future
expectations, including the rate of growth of the Company's
revenues derived from sales of its safety and security products,
and all other statements in this release other than historical
facts, are "forward-looking statements" within the meaning of
Section 27 A of the Securities Act of 1933, Section 21 E of the
Securities Exchange Act of 1934, and as that term is defined in the
Private Securities Litigation Reform Act of 1995. It is important
to note that actual results and ultimate corporate actions could
differ materially from those in such forward-looking statements
based on such factors as changes in consumer demand, satisfaction
or desire for our products for a variety of reasons. Such
"forward-looking statements" are subject to risks and uncertainties
set forth from time to time in the company's reports and financial
statements.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT: John S. Zankowski
President ImageXpres Corporation info@imagexpres.com ph: (585)
292-5177
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