iSatori Technologies, Inc. Reports Improved First Quarter 2012 Results, Revenues Up 45% and Pre-Tax Net Income Up 107% Over Previous Year
(firmenpresse) - GOLDEN, CO -- (Marketwire) -- 05/21/12 -- iSatori Technologies, Inc., a wholly owned subsidiary of Integrated Security Systems, Inc. (OTCBB: IZZI), a leader in the creation and marketing of nutritional supplements, announced financial results for iSatori Technologies, Inc., its wholly owned subsidiary, for iSatori's fiscal first quarter, ending March 31, 2012.
For the first quarter of 2012, iSatori reported net sales of $2.45 million, an increase of $0.71 million, or 45% over net sales of $1.74 million for the first quarter of 2011. iSatori reported pre-tax net income of $0.67 million for the first quarter of 2012, an increase of $0.35 million, or 107% over pre-tax income of $0.32 million for the first quarter of 2011, ending March 31, 2011.
A major contributor to the company's improving net income performance for its 2012 first quarter was its realization of a gain of $0.50 million resulting from its divestiture of a dormant product line of children's vitamins to a third party for cash and other consideration. Without this transaction, the Company's 2012 first quarter pre-tax net income performance would have been $0.17 million.
"In addition to our dormant product line divestiture during the quarter, the launch of three scientifically engineered products added new revenue drivers and pre-tax net income to our financial results," said Stephen Adele, Integrated's president and CEO and the founder of iSatori Technologies. "In addition, the expansion of distribution into new international markets, including Australia, the United Arab Emirates, and other Middle East regions, has opened new markets for the Company's products and enhanced our revenues. We remain optimistic about where we are headed and have more exciting product launches planned for 2012."
iSatori is a consumer products firm which develops and sells nutritional products in the performance, weight loss, and energy markets through online marketing, Fortune 500 retailers, and thousands of retail stores around the world. More information about the Company is available at .
Statements made in this news release relating to the Company's future sales, expenses, revenue, product developments, and all other statements except statements of historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the Company's future performance are both subject to a wide range of business risks and uncertainties, and there is no assurance that these goals and projections can or will be met. Any number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the timing and extent of changes in demand for the Company's products, the availability and price of ingredients necessary to manufacture such products, and the outcome of any current or future litigation regarding such products or similar products of competitors. All forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update any such statement.
Stephen Adele
1-303-215-9174
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Datum: 21.05.2012 - 09:00 Uhr
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