American IR's First-Quarter Revenue Grows 250 Percent Over Previous Quarter.Business Editors LAS VEGAS--(BUSINESS WIRE)--May 21, 2001 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of IR Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATLI Atli: see Etzel. ) today announced that the company's revenues for the quarter ended March 31, 2001, represent a growth rate of more than 250 percent compared with the last quarter of 2000. Ron Ryan, chief executive officer and president of American IR, stated: "We're extremely pleased that our revenue numbers for the first quarter of 2001 equal 350 percent of our revenue for the previous quarter, or a quarterly growth rate of more than 250 percent. "Our revenue for Q4 2000 was just over $6,000, and the revenue for this most recent quarter was over $22,000. These rates are consistent with our planned Phase 1 rollout over those time frames." Ryan continued: "We are entering into the classic bell curve of market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and anticipate exponential 1. (mathematics) exponential - A function which raises some given constant (the "base") to the power of its argument. I.e. f x = b^x If no base is specified, e, the base of natural logarthims, is assumed. 2. quarterly revenue growth to continue for the next several quarters. "It's important to note that our revenue model is currently based on just our introductory product and that multiple new product and program introductions will be implemented throughout our Phase 3 rollout later this year. Our Phase 2 introduction to the major national retail chains is now in progress and will impact our financial statements in the third and fourth quarters." About American IR Technologies: "Technology Putting You First" American IR Technologies is in the business of designing and developing proprietary products and technologies. Through its unique intellectual property development process, American IR develops technology and consumer products primarily for the "home, health and safety" and "quality of life and leisure" categories. The full catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of products is marketed through major national retail chains and catalogs, joint-venture and license agreements, and private-label programs. 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. and comments in this news release are made pursuant to safe-harbor provisions of the Securities Exchange Act of 1934. Such statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc , among other things, the prospects for the company, including the completion of any acquisition transaction or the achievement of future operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion