TORONTO, May 19 /CNW/ - Tenth Power Technologies Corp. (TSX-V:TPI) today
announced thefinancial results for its fiscal year end January 31,
Revenues for the year of $3.8 million improved by 77% over the same
period last year, and grossmargins improved to 37% from 35% from the
same period last year. Net loss for the year was$413,966 ($0.03 per
share) compared to net loss of $759,643 ($0.08 per share) for the same
ABOUT TENTH POWER TECHNOLOGIES CORP.
Tenth Power Technologies Corporation is a Canadian based-technology and
solutions company.Tenth Power supplies secure business solutions to
clients in the telecommunications, financialservices, manufacturing,
government and health care sectors. TPTC augments proprietary
softwarewith product licensing and strategic acquisition of
industry-leading services, to design solutionsthat safeguard
information and electronic communications. The suite of products
includes identityand signature authentication, Internet security, safe
communication platforms and a securedcollaboration environment. TPTC
also provides IT security consulting and managed services. Thecorporate
office is located in Toronto, Canada.
SOURCE Tenth Power Technologies Corp.
For further information:
Tenth Power Technologies Inc.
(416) 920-2010 ext: 159