Tactex Reports 2007 Q3 Results



    VICTORIA, Nov. 26 /CNW/ - Tactex Controls Inc, manufacturer of innovative
tactile sensors, today reported its financial results for the quarter ended
September 30, 2007. The company posted its fifth consecutive
quarter-over-quarter increase in sales of products and services. Sales for the
quarter were up 12% compared to the previous quarter. Moreover, sales of
manufactured product exceeded the sales of engineering services.
    President and CEO David Lokhorst says, "In this quarter, we began
production of a computer-input device for a customer established in a niche
market. We expect production to continue through to the end of the year." In
addition to touchpad and keypad products for computer input and musical
instruments, Tactex manufactures a line of under-mattress bed sensors. Tactex
BEDsensors(TM) are used for dementia care, wandering management, and fall
prevention. The line is sold directly into the long-term care market and
offered as a component for OEM patient monitoring systems. A custom variation
on that product was sold to a leading palliative care research institution in
Q3. Says Lokhorst, "Our un-obtrusive sensors will be used to monitor the
respiration patterns and the sleep quality of the palliative care patients.
The palliative care project is an important step for us in the development of
quality-of-sleep monitoring solutions for the healthcare market."

    
                     STATEMENT OF OPERATIONS AND DEFICIT
             FOR THE THREE MONTH PERIOD ENDED SEPTEMBER 30, 2007
     (Excerpt from unaudited financial statements - see interim financial
                         statements for full details)

                                      Three month period   Three month period
                                                   ended                ended
                                      September 30, 2007   September 30, 2006
                                      ------------------   ------------------
    SALES                                       280,423               35,349
    COST OF GOODS SOLD                          167,359               27,419
                                      ------------------   ------------------
    GROSS MARGIN                                113,064                7,930
                                      ------------------   ------------------

    OTHER INCOME:
      Grants and tax credits                     16,923               22,482
      Interest and other income                   5,655                7,565
                                      ------------------   ------------------
                                                 22,578               30,047
                                      ------------------   ------------------

    EXPENSES:
      Marketing                                 122,046               47,236
      Research and Development                   74,780               92,590
      Administration                             95,464              103,911
      Interest - long term debt                  11,207               10,355
      Amortization - property, plant
       and equipment                             13,649               18,073
                                      ------------------   ------------------
                                                317,146              272,165
                                      ------------------   ------------------

    NET INCOME (LOSS) FOR THE PERIOD           (181,504)            (234,188)

    DEFICIT - Beginning of period            (4,057,275)          (3,478,356)
                                      ------------------   ------------------
    DEFICIT - End of period                  (4,238,779)          (3,712,544)
                                      ------------------   ------------------
                                      ------------------   ------------------

    Earnings (loss) per share - basic
     and diluted                                  (0.01)               (0.01)
                                      ------------------   ------------------
                                      ------------------   ------------------
    

    About Tactex

    Tactex develops and manufactures sensors based on a patented technology
called Kinotex(R). Tactex provides off-the-shelf and custom sensor solutions
for consumer, medical, and industrial applications, as well as product
development services to help clients realize their concepts. Tactex is
publicly traded on the TSX Venture Exchange (TSX-V:TTX).

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.





For further information:

For further information: David Lokhorst, President & CEO, Tactex
Controls Inc., (Tel) (250) 480-1132 ext 206, 250 Bay St., Victoria, British
Columbia, Canada, V9A 3K5

Organization Profile

TACTEX CONTROLS INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890