Simtrol Builds Sales Momentum
21 May 2009 - 10:59PM
PR Newswire (US)
Announces 215% Revenue Increase in Q1 2009 NORCROSS, Ga., May 21
/PRNewswire-FirstCall/ -- Simtrol, Inc. (OTC Bulletin Board: SMRL),
an innovative developer of enterprise-class software solutions that
manage the extended network of connected devices, today announced
first quarter 2009 fiscal results. Revenue for the quarter was
$251,287, an increase of 215% compared to $79,897 for the quarter
ended March 31, 2008. Net loss for the quarter narrowed to
$882,733, or ($0.08) per common share, from a net loss of
$1,433,502, or ($0.19) per common share in the quarter ended March
31, 2008. "Last quarter's sales success in this extremely
challenging economic environment reflects the tremendous value that
our core device management application delivers," commented Oliver
Cooper, Simtrol Chief Executive Officer. "Our software helps
administrators, IT support staff, and end users increase their
effectiveness, optimize their use of technology, and significantly
reduce power consumption and maintenance costs. We are excited by
the momentum we are building, particularly in the Education market,
and our increased ability to win and delight customers." Other
First Quarter Highlights -- Launched Education Software Product for
the Classroom of the 21st Century -- Furthered Partnership with
Leading Interactive White Board Company -- Launched Initial Pilots
in Education Market -- Realized Additional Revenue in the
Healthcare, Retail and Government Verticals. About Simtrol Simtrol
enables enterprises to manage an increasingly complex world.
Simtrol's flagship Device Manager(TM) software powers
enterprise-wide solutions that manage, control, maintain, and
diagnose non-traditional connected assets. For more information
about Simtrol, please visit http://www.simtrol.com/. This
announcement may contain forward-looking statements pursuant to the
"safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward looking statements involve risks
and uncertainties such as product demand, market and customer
acceptance, the effect of economic conditions, competition,
pricing, development difficulties, foreign currency risks, costs of
capital, continued certification by credit card associations, the
ability to consummate and integrate acquisitions, and other risks
detailed in the Company's SEC filings, including the most recently
filed Form 10-Q or Form 10-K, as applicable. The Company undertakes
no obligation to revise any of these statements to reflect future
circumstances or the occurrence of unanticipated events. Device
Manager is a trademark of Simtrol, Inc. All other brands, logos,
products or company names are the copyrights and/or trademarks of
their respective holders. Contact-Investor Relations Phone:
678-533-1292 Email: DATASOURCE: Simtrol, Inc. CONTACT: Investor
Relations, Simtrol, Inc., +1-678-533-1292, Web Site:
http://www.simtrol.com/
Copyright