ImageXpres Corp Releases 2009 Financial Statements
12 March 2010 - 3:33AM
Marketwired
ImageXpres Corporation (PINKSHEETS: IMJX), a US-based digital
imaging and printing company, today posted its financial statements
for the 2009 year, including balance sheet and income statement
dated December 31. The Company also released its revenue
projections for the upcoming 2010 and 2011 years. This data can be
found on the Company's corporate website at
www.imagexpres.com/investors.php.
The financial statements were prepared by the Company's internal
accounting personnel, and are now being reviewed by the Company's
auditors. The Company anticipates commencing a full audit later in
the year, with the intention of becoming a fully-reporting company
in 2011.
John S. Zankowski, President & CEO of ImageXpres
Corporation, stated, "We have been working diligently to complete
our internal accounting, and sharing the results with our
shareholders and the general public. This begins our compliance
initiative which will get us to Current Information status on the
Pink-OTC Markets this year."
The Company sustained operating losses in 2008 and 2009 as it
refocused its product offering on interactive digital systems and
proprietary software solutions. During this time, the Company
expended major financial and human resources in developing its
proprietary data mining engine to support the roll-out of its
SmartKiosk™ digital advertising platform, now being sold to retail
businesses.
For full-year 2009, the Company had a net operating loss of
$94,400, but, significantly, it showed a quarter-by-quarter
decrease in net operating losses, and a net operating profit during
4th Q 2009. With major product development completed, and
full-scale sales efforts underway, the Company expects
quarter-by-quarter growth in sales revenues and net profits during
2010 and 2011.
The Company's Board of Directors met to review the Company's
results, and financial projections for 2010 and 2011. The Board
agreed to show a range of potential outcomes
(conservative-moderate-aggressive), to accurately reflect both the
large market potential, and the uncertain adoption rate, of the
Company's new Surg-i-Scan™ digital safety checklist and new line of
SmartKiosk Media™ platforms. The Company anticipates that it can
attain growth in excess of 100% each year for the next three fiscal
years.
Safe Harbor Statement
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or
"projected."
You are cautioned that such statements are subject to a
multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks
that actual results may differ materially from those projected in
the forward-looking statements as a result of various factors, and
other risks identified in the Company's disclosure information.
All company or product names used are the property of their
respective owners and may be the trade marks™, service marks(SM),
or registered marks® of other companies, and are used for
information purposes only and to their owners' benefit, without
intent to infringe.
About ImageXpres Corporation:
ImageXpres (www.imagexpres.com) is a digital imaging and
printing company, headquartered in Rochester, NY. IMJX develops
imaging systems solutions for commercial printing, consumer photo,
health and business communications market segments. ImageXpres is
currently manufacturing and marketing a line of self-service
interactive digital kiosks, and LitePix™ Digital Displays, digital
signs that provide unique advertising benefits for business owners.
The Company's website is www.imagexpres.com.
CONTACT: ImageXpres Corporation John S. Zankowski, CEO
info@imagexpres.com 585-292-5177
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