TurboSonic Inc. Reports Second Quarter Operating Results.WATERLOO, Ontario Coordinates: Waterloo is a city in Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the larger city of Kitchener. -- TURBOSONIC TECHNOLOGIES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TSTA TSTA abbr. tumor-specific transplantation antigen TSTA tumor-specific transplantation antigen. ), a leading provider of air pollution control technology, today announced the following unaudited operating results for the second quarter and first six months of its fiscal year ending June 30, 2006:
Three Months Ended Six Months Ended
12/31/05 12/31/04 12/31/05 12/31/04
US Dollars
Total Revenues $ 6,535,183 $ 1,226,956 $ 10,028,386 $ 3,673,991
Net Income (Loss) $ 596,831 $ (473,421) $ 749,464 $ (346,165)
Net Income (Loss)
per Share $ 0.05 $ (0.04) $ 0.06 $ (0.03)
Weighted Average
Number of Shares
Outstanding 13,247,230 13,134,030 13,213,439 13,134,030
Commenting on the Company's results, Edward Spink, TurboSonic's Chairman and 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. , said, "We have just completed our fourth successive profitable quarter and are carrying a record backlog of $12 million into the third quarter of our current fiscal year. Our continued focus on strategic industries and on cost controls has enabled us to demonstrate significant progress over the past year." TurboSonic Technologies (www.turbosonic.com) designs and markets air pollution control technologies to industrial customers worldwide. Its products are designed to meet and exceed the strictest emissions regulations, improve performance, reduce operating costs and recover valuable by-products. Certain statements in this press release are "forward-looking statements" within the meaning 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 and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in general economic conditions, interest rates, government regulations, and competition. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statement, see the annual report on Form 10-KSB and other documents the Company files from time to time with the Securities and Exchange Commission. TurboSonic Technologies, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :TSTA) |
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