Pioneering Will Also Record its 8th Consecutive Quarter of Sales and Revenue Growth in Q2
MISSISSAUGA, ON, April 6 /CNW/ - Pioneering Technology Corp. of Mississauga, Ontario (TSX-V: PTE), ("Pioneering" or the "Company") held its Special and Annual General Meeting on March 30th 2010 in Toronto, Ontario. Al of the Company's proposed resolutions were passed at the meeting (results are available on SEDAR www.sedar.com).
Subsequent to the meeting the Company reports the following preliminary highlights for the first 6 months ended March 31st 2010:
- The Company will report its 8th consecutive quarter of sales/revenue
growth in Q2.
- Safe-T-element unit sales for the first six months of 2010 have
increased by over 300% vs. the same period a year ago.
- Total Safe-T-element unit sales for the first six months of 2010 have
exceeded total 2009 annual unit sales by 40%.
The Company's financial results for the six months ended March 31, 2010 will be reported on or before May 31, 2010.
About Pioneering Technology Corp.
Pioneering is an "Energy Smart" product innovation company based in Mississauga, Ontario, that engineers and brings to market energy smart solutions for consumer products making them safer, smarter and/or more efficient. The patented Safe-T-element cooking technology was engineered to help prevent stove top cooking fires, the number one cause of fire in North America, and to reduce the amount of electricity required to cook. The Safe-T-element cooking technology is available as both a retrofit and pre-installed on new stoves. For more information visit: www.safetelement.com. Pioneering trademarks include Safe-T-element(R), Safe-T-Sensor(TM), Powergrill(TM), Battery Eliminator(R), Powerpak(TM) and the Hydro-free Furnace Fan(TM). For more information visit: www.pioneeringtech.com.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of the Company 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 Inc. has neither approved nor disapproved the contents of this press release.
SOURCE PIONEERING TECHNOLOGY CORP.
For further information: For further information: Pioneering CEO, Kevin Callahan at (905) 712-2061 x222