Rouchon Industries Inc. dba Swiftech(R) Announces Record Revenues and Profits for the Fiscal Year Ending December 31st, 2012
20 March 2013 - 11:00PM
Marketwired
Rouchon Industries, Inc. dba Swiftech® (PINKSHEETS: RCHN) has
released its year-end reports for the fiscal year ended December
31st, 2012. The Company specializes in manufacturing advanced air,
liquid, and thermoelectric cooling devices for the IT industry, and
provides thermal management solutions for consumers, OEMs and
industrial customers.
Key financial highlights, year over year:
- Revenues increased 14% to $3.6 Million
- Net Profits after provisions for income tax rose 118% to a net
income of $224k
Gabriel Rouchon, Swiftech's Chairman and CEO, stated, "2012 was
our best year since inception, both in terms of gross revenues and
net profits. As a result, net cash from operations provided
adequate funding for the acquisition of capital equipment and
tooling in preparation for an aggressive 2013 growth plan. Among
the fundamental changes in the company's activity in 2012 was the
addition of an electric motor production line. This allowed us to
manufacture in house the new generation of pumps used in the
all-in-one H220 CPU cooling system that was unveiled during CES in
January 2013. Once again, our entire organization continues to
deliver on the company's goals by producing results that meet or
exceed our highest expectations and I want to take this opportunity
to thank our customers, vendors, employees and shareholders for
helping us in realizing such strong and steady growth in 2012."
Swiftech's entry in the high volume all-in-one CPU cooling
market has received considerable industry attention, and is
expected to fuel the company's accelerated growth in 2013 and
beyond. The company has a ten year track record of consistently
profitable operations, and remains debt free, a fact that has not
escaped investors who began rallying around RCHN stock beginning
April 2012.
Safe Harbor
This release contains certain "forward-looking statements"
relating to the business of the Company. All statements, other than
statements of historical fact included herein are "forward-looking
statements." Such statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions and involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks, and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this news release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that
are filed with the OTC Markets and available online here:
http://www.otcmarkets.com/stock/RCHN/financials. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume any duty to update these
forward-looking statements.
Contact: Rouchon Industries, Inc. dba Swiftech® Investor
Relations Email Contact
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