SONOMAX REPORTS SECOND QUARTER 2010 RESULTS
MONTREAL, Aug. 26 /CNW Telbec/ - Sonomax Technologies Inc. ("Sonomax" or the "Company") (TSX Venture: SHH) today disclosed its results for the three and six month periods ended June 30, 2010.
As Sonomax continues work towards becoming an R&D licensing company,
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Second Quarter 2010 highlights were:
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- Increase in net revenue to $328,980 in 2010 from $70,596 in 2009.
- Gross profit was $87,089 in 2010 compared to $6,707 in 2009.
- Increase in operating expenses to $415,899 compared to $343,300 in 2009
Full financial statements can be found at: www.sedar.com
About Sonomax Technologies Inc.:
Sonomax Technologies Inc. is a leading researcher, developer and licensor of in-ear technologies with over 50 patents and trademarks worldwide. Sonomax is dedicated to providing in-ear technologies that optimize fit, comfort, protection, and sound enhancement. The latest V4 Intelligent Fitting System features an earpiece you can easily and permanently fit to the exact shape of your ear in minutes. This breakthrough makes it possible to customize virtually any in-ear product on a mass scale, such as Bluetooth(TM) headsets, MP3 earphones, military communication earpieces, hearing protectors and hearing aids. The V4 Intelligent Fitting System bridges the gap between consumer's ears and countless OEM products, making it the dominant technology for a wide range of in-ear product applications.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
%SEDAR: 00029620E
For further information: Nick Laperle, President, Sonomax Technologies Inc., 514-932-2674, [email protected]
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