JER Envirotech Announces Record Q1 2009 and Quarter Over Quarter Revenue Growth
December 11 2008 - 8:30AM
Marketwired
JER Envirotech International Corp. (TSX-V: JER) (FRANKFURT: KFTB)
("JER") is pleased to announce that its preliminary unaudited
revenues for the first quarter ended November 30, 2008. During the
quarter, the company achieved revenues of $919,381, up 132% over
the same quarter in fiscal 2008 at $396,856. Q1 revenues are almost
at par with Q4 2008 at 1,126,515.
"We are very pleased with our performance during Q1 2009 despite
a very challenging economic landscape, as it reflects the strong
growth we experienced in fiscal 2008," states Ed Trueman, JER's
President and CEO. "As a biocomposite manufacturer offering wood
alternatives, we are in an enviable position of supplying products
to any number of industries, including the manufacturing, decking
and toy industries. JER is focused on realization its potential
within the global marketplace.
"Equally importantly, we enable our customers to manufacture
high quality products, while making socially and fiscally
responsible decisions. Combined with the ever-expanding reach of
our sales and marketing team as well as an increase in product
partnerships such as that with Sprig Toys earlier this year, these
factors are contributing to sustainable revenue growth, as
evidenced by strong results for Q1. During Q1 2009, JER's compound
business unit met management's performance expectations."
Quarter over quarter revenue performance for fiscal 2009, 2008,
2007 and 2006 was as follows:
Q1 Q2 Q3 Q4 Total
2006 $78,102 $151,158 $162,435 $36,227 $427,922
2007 $85,272 $52,825 $166,827 $581,964 $886,888
2008 $396,856 $423,859 $653,979 $1,126,515 $2,601,209
2009 $919,381
To view this image please follow the link:
http://www.usetdas.com/images/JER/jerimg.jpg
About JER Envirotech International Corporation
JER is a global supplier of thermoplastic biocomposite compounds
and sheeting. The Company's patented technology utilizes waste or
by-product materials, such as wood fibre or rice hulls, to produce
environmentally-friendly alternative products for applications in
the construction, transport, automotive and toy industries. The
Company currently has a range of biocomposite formulations which it
developed in collaboration with the National Research Council -
Industrial Materials Institute of Canada.
JER is publicly-traded on the TSX Venture Exchange (TSX) under
the symbol "JER" and on the Frankfurt Stock Exchange under the
symbol "KFTB". For more information, visit www.jerenvirotech.com or
contact:
JER Envirotech International Corporation
Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262
jyoon@jerenvirotech.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. This news release contains
certain forward-looking statements that reflect the current views
and/or expectations of JER Envirotech International Corp. with
respect to its performance, business and future events. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties including, without limitation, those relating to
changes in the market, potential downturns in economic conditions,
foreign exchange fluctuations, demand for thermoplastic
biocomposites, competition and our ability to implement our
business plans and strategies in a timely manner or at all. These
risks, as well as others, could cause actual results and events to
vary significantly. JER Envirotech International Corp. does not
undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements.
Distributed by Filing Services Canada and retransmitted by
Marketwire
Email: Email Contact Website: www.jerenvirotech.com
Jer Envirotech International Corp Com Npv (TSXV:JER)
Historical Stock Chart
From Aug 2024 to Sep 2024
Jer Envirotech International Corp Com Npv (TSXV:JER)
Historical Stock Chart
From Sep 2023 to Sep 2024