ADM Tronics Reports Third Quarter Fiscal Year 2008 Results.NORTHVALE, N.J. -- ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. Tronics Unlimited, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADMT ADMT Active Directory Migration Tool ADMT Air Dry Metric Ton ADMT Automated Data Management Tool ), a technology-based developer and manufacturer of unique, environmentally-safe, health and life-enhancing technologies, today announced results for the third quarter ended December 31, 2007. ADMT reported a net loss of $703,357 and $1,957,354 for the three months and nine months ended December 31, 2007, respectively, a decrease of $2,155,447 and $5,601,725 from the $2,858,804 and $7,559,079 net loss for the three months and nine months ended December 31, 2006, respectively. This decrease was primarily the result of the exclusion of the Ivivi Technologies Inc.'s (Ivivi) loss due to the deconsolidation of Ivivi following its October 2006 IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. reducing our ownership to approximately 34% (currently 30% as a result of additional issuances by Ivivi). Revenues for the quarter ended December 31, 2007, the fourth full quarter in which Ivivi's operating results were not fully consolidated with ADMT, were $496,261 as compared to $234,627 for the same period last year, which included $29,354 of Ivivi's revenues. Revenues for the nine months ended December 31, 2007 were $1,189,194 as compared to $1,270,188 for the same period last year, which included $615,307 of Ivivi's revenues. See the accompanying Supplemental Pro Forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma Financial Information that shows our results for the three months and nine months ended December 31, 2006 with Ivivi's results on one line to make it more comparative to our current period results. Our revenues for the current quarter were $496,261, which included $247,799 in sales of medical devices to Ivivi, compared to our pro forma revenues for the prior period of $205,272, for an increase of $290,989 or 142%. Our revenues for the current nine months were $1,189,194, which included $459,702 in sales of medical devices to Ivivi, compared to our pro forma revenues for the prior nine months of $654,881, for an increase of $534,313 or 82%. Andre' DiMino, President of ADMT stated, "Our results show continued growth for both our year-over-year and sequential periods. We expect to see continued growth and acceptance of our water-based chemical products through expanded sales and marketing activities. We also expect continued increases in revenues from production of medical electronic products through our manufacturing agreement with Ivivi as it expands distribution of its therapeutic medical electronics." ADM Tronics Unlimited, Inc. Supplemental Pro-Forma Financial Information We believe the following table, which compares the results of operations for the three and nine month periods ended December 31, 2007 with the pro-forma results of operations for the three and nine month periods ended December 31, 2006 as if Ivivi's operations were reported on one line, gives a more informative disclosure of our ongoing operations. The pro forma financial information set forth below should be read in conjunction with a reading of our historical financial statements. The pro forma information is presented for illustrative il·lus·tra·tive adj. Acting or serving as an illustration. il·lus tra·tive·ly adv.Adj. 1. purposes only and is not intended to be indicative of our results of operations that may be reported in the future. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] About ADMT ADMT is a technology based developer and manufacturer of unique, environmentally safe, health and life enhancing technologies and products. Its core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
v. con·cep·tu·al·ized, con·cep·tu·al·iz·ing, con·cep·tu·al·iz·es v.tr. To form a concept or concepts of, and especially to interpret in a conceptual way: a technology, bring it through development, into manufacturing and commercialization, all in-house. Its diversified product technology areas are environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] , water based industrial chemicals; therapeutic, non invasive electronic medical devices; and, innovative personal care and topical dermatological dermatological, dermatologic pertaining to dermatology; of or affecting the skin. products. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains statements, which may constitute "forward-looking statements" made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct and you should be aware that actual results could differ materially from those contained in the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, including, those risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-KSB for the fiscal year ended March 31, 2007. The Company assumes no obligation to update the information contained in this press release. |
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