Dionics, Inc. Letter to Shareholders Reviews 2009 and Recent Key Events; Early View of 2010: 'Likely Shaping Up as a Year of Sig
February 22 2010 - 7:00AM
PR Newswire (US)
WESTBURY, N.Y., Feb. 22 /PRNewswire-FirstCall/ -- Dionics, Inc.
(OTC Bulletin Board: DION), a semiconductor/ micro-electronics
manufacturer best known for its high reliability PV (photo-voltaic)
MOSFET-Drivers, today released an open Letter to Shareholders from
its President and CEO, Bernard L. Kravitz. To Our Shareholders, The
Year 2009, as it did for most companies, presented Dionics, Inc.
with both major challenges and serious disappointments. Yet, for
those paying attention, it became obvious by yearend that the
clouds were parting and a few rays of sunlight were shining
through. I am pleased to review some of the key events with you,
both the negative and the positive. -- Sales volume in 2009
(unaudited) fell approximately 50% from the 2008 level. -- The
substantial Profit of 2008 turned into a 2009 Loss of about
$250,000 (unaudited). -- 2009's Q-3 was a "perfect storm" of very
low sales volume and very high losses. -- 2009's Q-4, however, was
when we closed on a new $440,000 "control" investment by CML, a
British Virgin Islands company. -- Our new investors have
significant business contacts in Asia, particularly in China. Being
well-aware of the large market potential for our key product-line,
PV MOSFET-Drivers, they have already begun developing sales
opportunities there, and are also alert for companies that might be
strategic M & A candidates to further support our new corporate
growth plans. -- Using only home-based domestic quoting activity
plus actual new-order bookings, the year 2010 is beginning to
appear capable of producing a significant "bounce-back" from the
low sales level of 2009. -- Bottom Line? 2009 is in the past, and
we now look forward to a much stronger 2010. We thank our
shareholders, employees and customers for remaining loyal to us
through a very difficult 2009 and, in 2010 and beyond, we hope to
make you all glad you did. The long-term future for Dionics, Inc.
has seldom looked this bright. So...stay tuned! Sincerely, Bernard
L. Kravitz ------------------ Bernard L. Kravitz, President
Forward-Looking Statements Statements contained herein that are not
based on current or historical fact are forward-looking in nature.
Such forward-looking statements reflect the Company's expectations
about its future operating results, performance and opportunities
that involve substantial risks and uncertainties. When used herein,
the words "anticipate," "believe," "estimate," "plan," "intend" and
"expect" and similar expressions, as they relate to Dionics, Inc.
or its management, are intended to identify such forward-looking
statements. These forward-looking statements are based on
information currently available to the Company and are subject to a
number of risks, uncertainties and other factors that could cause
the Company's actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by these forward-looking statements. Certain of those factors are
discussed in the Company's filings with the Securities and Exchange
Commission. Except as required by the Federal Securities law, the
Company does not undertake any obligations to release publicly any
revisions to forward-looking statements to reflect events or
circumstances after the date hereof or for any other reason.
Contact: Bernard Kravitz, President (516) 997-7474 DATASOURCE:
Dionics, Inc. CONTACT: Bernard Kravitz, President of Dionics, Inc.,
+1-516-997-7474
Copyright