ROCHESTER, N.Y., April 8, 2011 /PRNewswire/ -- ImageXpres
Corporation (Pink Sheets: IMJX), today officially reported its
full-year 2010 financial results and annual report that highlighted
the key business accomplishment during the past fiscal year ending
December 31, 2010. Overall financial
results for 2010 demonstrated significant improvement from 2009,
with total sales revenues of $2,103,530, and net income of $109,033 for all of 2010, both a significant
improvement over the total revenues and net income loss reported in
2009. The Company successfully introduced its breakthrough
advertising media product solution, FreePrintze™, and made
significant market inroads with key customers for its family of
SmartKiosk systems. The Company's Surg-i-Scan™ Surgical Safety
Checklist product line is receiving very positive reviews from
hospital surgical staff using the boards, and very strong growth in
this market segment is forecast for 2011 and beyond.
The Company's positive financial report for 2010 showed overall
strong gains in sales revenues in two key product areas,
FreePrintze™ and SmartKiosk advertising. In the medical market
segment, ImageXpres established its Surg-i-Scan™ Safety Checklist
system as one of the industry standards in the worldwide initiative
for improving patient safety during surgical operations. In
summary, the major factors contributing to the Company's positive
financial performance in 2010 is the growing acceptance of the
Company's newly-launched FreePrintze™ direct mail photo-ad service
by local and national advertisers, and increased sales of its
SmartKiosk systems product line with associated digital advertising
revenues.
John Zankowski, ImageXpres
Corporation President, CEO, stated, "The Company is pleased with
the progress made in 2010 in all of its key products and services
offerings, as we were able to achieve substantial sales revenues
and earnings increases from the prior year 2009. Overall, as I
stated in a news release last month, we are not only pleased with
the progress we made in 2010, but we are extremely optimistic about
our business prospects for this year and beyond. We have been
working very hard to improve our product offerings for 2011, and we
have successfully readied several new products for introduction
this quarter. Next week we will be announcing the launch of new
streamlined products and systems."
Mr. Zankowski comments further on the Company's expected
performance in 2011 and beyond, "The Company is extremely
optimistic about its prospects for major sales increases of all its
product lines this year, especially its SmartKiosks and
FreePrintze™ advertising media products. We fully anticipate
triple-digit growth of sales revenue in 2011, but we are reserving
detailed forecasts until after our key product introductions this
quarter, and expected feedback from major distributors with who we
are now in discussions."
The ImageXpres Corporation 2010 Annual Report will be available
on www.otcmarkets.com/stock/IMJX/financials, and the company OTC
Market Tier will accordingly be upgraded to Current
Information.
About ImageXpres
ImageXpres is a digital imaging and printing company,
headquartered in Rochester, NY.
ImageXpres develops imaging systems solutions for commercial
printing, consumer photo, healthcare and business communications
market segments. ImageXpres is currently manufacturing and
marketing a family 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 .
Statements in this press release about the company's future
expectations, including the rate of growth of the Company's
revenues derived from sales of its safety and security products,
and all other statements in this release other than historical
facts, are "forward-looking statements" within the meaning of
Section 27 A of the Securities Act of 1933, Section 21 E of the
Securities Exchange Act of 1934, and as that term is defined in the
Private Securities Litigation Reform Act of 1995. It is important
to note that actual results and ultimate corporate actions could
differ materially from those in such forward-looking statements
based on such factors as changes in consumer demand, satisfaction
or desire for our products for a variety of reasons. Such
"forward-looking statements" are subject to risks and uncertainties
set forth from time to time in the company's reports and financial
statements.
SOURCE ImageXpres Corporation