Microfluidics International announces equipment orders valued at over $790,000 and expansion of sales network.NEWTON, Mass.--(BUSINESS WIRE)--Dec. 5, 1996-- Microfluidics International Corp. ("MFIC MFIC Malaysian Furniture Industry Council MFIC Microfluidics International Corp. MFIC Military Flight Information Center MFIC Missionary Franciscan of the Immaculate Conception (religious order) ") today announced its receipt of a single purchase order for numerous pieces of equipment having a combined retail value of approximately $332,000. The order was received from Mizuho Industrial Co., Ltd., one of the company's two Japanese distributors. The order will likely ship in the fourth quarter of fiscal 1996 and thus contribute to 1996 revenues. The second order was received from a German company that is a technological leader in its field. The aggregate value of this multiple equipment order was $462,122 comprised of two M-610 large volume systems and one M-210 pilot production system. The company also wishes to announce several appointments over the last year: Robert P. Bruno, as V.P. sales/marketing, having over 20 years sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a experience in industrial systems and capital equipment sales, four (4) additional sales representative organizations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and five (5) sales representative organizations in Europe. This augmentation of the MFIC sales network has not only increased geographical sales coverage but additionally provided enhanced sales service to specific applications inasmuch as in·as·much as conj. 1. Because of the fact that; since. 2. To the extent that; insofar as. inasmuch as conj 1. since; because 2. many of the territories are designated not only by location but also by industry to be served. In Europe, the added resources have been both aided and coordinated by the company's first European employees, a European Sales Promotion Manager, together with support personnel headquartered in Germany. In the United States, the national sales network's efforts are managed and supported by regional sales managers, company employees with extensive equipment knowledge and experience, a telemarketing staff and a customer service representative. Michael A. Lento len·to Music adv. & adj. In a slow tempo. Used chiefly as a direction. n. pl. len·tos A lento passage or movement. , president, stated, "These substantial orders for numerous pieces and multiple levels of equipment are both very satisfying and are believed to substantiate the worldwide recognition and market acceptance of our equipment. We have also realigned and enhanced our sales network with strategically selected and located personnel that are better equipped to address the needs of our diverse customer base." Irwin Gruverman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman, stated, "Significant orders for laboratory and pilot production equipment are pleasing in that they are higher profit margin sales requiring relatively short lead times but they are equally as gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. in their demonstrated potential to lead to the sale of large volume production systems. We are also gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see orders for multiple M-610 systems. Also, the revenue from the Japanese order, if shipped before year-end, will contribute substantially to what we believe will be a profitable fourth quarter, making that quarter consistent with earlier 1996 quarters. We believe that our realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. and enhancement of sales network has already started to take hold and that its anticipated efficacy will be reflected in forth quarter sales, through 1997 and beyond." Microfluidics International Corp. Microfluidics International Corp. provides patented and proprietary, high performance Microfluidizer(R) materials processing Articles on Materials processing include:
(2) The transmission of one network protocol within another. applications, for cell disruption, and for deagglomeration, to create new or improved products and processes. -0- The company believes that this release contains forward-looking statements that are subject to certain risks and uncertainties. Actual results achieved by the company could differ materially from the company's estimates and projections, depending on a number of factors including the timing of individual orders. Historically, a substantial portion of the company's revenues has been received in the last month of the quarter, making quarterly results difficult to forecast. The above forward-looking statements are also subject to change based upon various important factors, including without limitation, buying trends by customers and competitors' actions. For further information on potential factors that could affect financial results, please refer to the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , which is on file with the Securities and Exchange Commission, or available from the company. CONTACT: Microfluidics Corp. Irwin Gruverman, Michael Lento or Jack M. Swig 617/969-5452 |
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