MONTREAL, Nov. 25, 2011 /CNW Telbec/ - Sonomax Technologies Inc. ("Sonomax" or the "Company") (TSXV: SHH) disclosed today its results
for the three-month and nine-month periods ended September 30, 2011.
Third Quarter 2011 highlights were:
Increase in operating expenses due to increased marketing efforts to
$1,168,194 compared to $941,726 in 2010
Increase in net revenue to $123,802 in 2011 from $110,179 in 2010.
Gross loss was $112,840 in 2011 compared to gross profit of $10,350 in
Sonomax is now selling its unique brand of custom-molded earphones,
sculpted eers™, direct to selected retailers with the assistance and
support of the Levin Consulting Group. The retailers in the US are
Airport Wireless and Tech Showcase stores conveniently located in most
major US airports. Sculpted eers is also available at Boutique Tone and
Micro Boutique in Montreal and this week opened up in B&H and J&R
superstores in New York City. Sculpted eers are also available on the
company's website at www.sculptedeers.com. "Now that we have reached our milestone of establishing sell through
at retail, we are in a good position to bring on additional national
and international distribution partners that will expand the retail
reach of sculpted eers." said Nick Laperle, Sonomax's CEO.
Full financial statements can be found at: www.sedar.com
About Sonomax Technologies Inc.
Sonomax® is a leader in the product development, research, and licensing
of in-ear technologies. With more than 50 patents and trademarks
worldwide, Sonomax's pioneering innovation includes instant
custom-fitting earpieces that deliver the most comfortable, protective
and sound-enhancing experience in the world. Sonomax has now introduced
a sculpted eers™ line of custom fitting earphones which feature the
latest SonoFit™ system. SonoFit™ offers OEM, ODM and aftermarket
clients a broader range of opportunities in customized earpieces for
the consumer, industrial, military and health markets. Learn more at http://sonomax.com.
This news release contains certain forward-looking statements that
reflect the current views and/or expectations of Sonomax Technologies
Inc. with respect to its performance, business and future events. Such
statements are subject to a number of risks, uncertainties and
assumptions. Actual results and events may vary significantly. The TSX
Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
SOURCE SONOMAX TECHNOLOGIES INC.
For further information:
Michael Blank, CFO, Sonomax Technologies Inc.
firstname.lastname@example.org, 514-932-2674 ext 2236