TORONTO, June 29, 2012 /CNW/ - Tenth Power Technologies Corp.
(TSX-V:TPI) today announced the financial results for its first quarter
ended April 30, 2012.
Revenues for the quarter of $1,137,622 increased by 83% over the same
period last year, and gross margins decreased to 30% from 33% for the
same period last year. Net loss for the period was $87,034 ($Nil per
share) compared to net loss of $208,347 ($0.01 per share) for the same
period last year.
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, financial services, manufacturing,
government and health care sectors. TPTC augments proprietary software
with product licensing and strategic acquisition of industry-leading
services, to design solutions
that safeguard information and electronic communications. The suite of
products includes identity and signature authentication, Internet
security, safe communication platforms and a secured collaboration
environment. TPTC also provides IT security consulting and managed
services. The corporate office is located in Toronto, Canada.
SOURCE Tenth Power Technologies Corp.
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Tenth Power Technologies Inc.