TORONTO, Sept. 28, 2011 /CNW/ - Tenth Power Technologies Corp.
(TSXV:TPI) today announced the financial results for its second quarter
ended July 31, 2011.
Revenues for the quarter of $969,071 increased by 34% over the same
period last year, and gross margins increased slightly to 31% from 30%
for the same period last year. Net loss for the period was $131,172
($0.01 per share) compared to net loss of $273,459 ($0.02 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.
For further information:
Tenth Power Technologies Inc.
(416) 920-2010 ext: 159