EMTA Holdings Reports Record Quarterly Revenues and Profitability, on Top Line Growth of 276%; Outlook Remains Extremely Positiv
08 Juli 2008 - 4:30PM
PR Newswire (US)
Company Generates $1,842,000 in Revenues and $500,000 in Profits
for the First Quarter of FY2009 SCOTTSDALE, Ariz., July 8
/PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN
BOARD: EMHD) , maker of XenTx(TM), Synergyn(TM) and other engine
treatment and fuel efficiency products, today announced that they
had record first quarter revenues of $1,842,000 for the 2009 fiscal
year, which represents a 176% increase in from the previous first
quarter of FY 2008. In addition, net income was approximately
$500,000 verses a loss of $733,000 for the same period last year.
EPS is $.01 compared to ($.02) last year. This positive revenue
growth is mainly attributable to significant new orders for all of
the Company's products and macro-trends (i.e. fuel prices,
legislation on emission, etc) that enhance the value of EMTA fuel
conservation products. As the Company continues to experience
strong demand for its core products it anticipates significant
revenue and earnings growth for the balance of this year. EMTA
Chief Executive, Edmond L. Lonergan, commented on the quarter
ending results, "After many years of development and more than $13
million in investment capital, our products are beginning to gain
market share both in the United States and abroad. We believe this
significant milestone of initial profitability shows that the
Company's revenue and earnings growth are sustainable. The
Company's future continues to grow brighter and we could not have
accomplished these goals without the continued support of our
shareholders". About EMTA Holdings EMTA Holdings, Inc., (OTCBB:
EMHD) develops and manufactures innovative products to conserve
energy, particularly for petroleum-based fuels. The Company's
engine and fuel additives are marketed under the brands XenTx(TM),
Synergyn(TM) and CleanBoost(TM) brands, and are sold both to
commercial and retail customers. They are available from key
distributors, major automotive retailers and online at
http://www.emtacorp.com/store. For additional information on EMTA
products, please visit http://www.xentx.com/. Forward-Looking
Statements: This press release discusses certain matters that may
be considered "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including
statements regarding the intent, belief or current expectations of
EMTA Corp. ("the Company") and its management. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve a number of
risks and uncertainties that could materially affect actual results
such as, but not limited to: the ability of the Company to raise
necessary capital; to attract and retain effective management; the
lack of viable commercial applications or the failure of
third-party contractors to perform their contractual obligations.
Prospective investors are also referred to the other risks
identified from time to time in the Company's reports and
registration statement filed with the Securities and Exchange
Commission. CONTACT: Larry Downs Director of Communications
Equiti-trend Advisors 800-585-6988 Or Paula C. Wright VP
IR/PR/Media EMTA Holdings, Inc. 480-607-0251 DATASOURCE: EMTA
Holdings, Inc. CONTACT: Larry Downs, Director of Communications of
Equiti-trend Advisors, 1-800-585-6988, , for EMTA Holdings, Inc.;
or Paula C. Wright, VP IR/PR/Media of EMTA Holdings, Inc.,
+1-480-607-0251, Web site: http://www.emtacorp.com/
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