Rouchon Industries, Inc. dba Swiftech(R) Announces Record Annual Sales of $3.2 Million in 2010, an Increase of 22 Percent Year O
29 Marzo 2011 - 2:30PM
Marketwired
Rouchon Industries Inc. (PINK SHEETS: RCHN), dba Swiftech, a
leading producer of advanced air and liquid cooling solutions for
the IT industry, is pleased to announce record annual sales of $3.2
million in 2010, an increase of 22 percent over the previous year.
The complete Report is available online at
http://www.otcmarkets.com/stock/RCHN/financials.
2010 Key Financial Highlights:
-- $3.2 Million in gross revenue
-- Revenue increased 22% ($600k) year over year
-- Gross profit was up 41%
-- Net income before taxes up 121% to $197K
-- Zero Long-Term Debt
The company's performance in 2010 continues a trend of
increasing revenues and profits since 2003. Investors are urged to
review relevant graphs at:
http://www.swiftech.com/investorrelations.aspx. "I am very pleased
to report that Swiftech had its best year ever in 2010. Gross
profit was up 41%, and net income before taxes jumped 121%. This
allowed us to re-invest the cash proceeds into production
equipment, while keeping our long term debt to zero," said Gabriel
Rouchon, the company's Chairman & CTA.
"Looking beyond the results of a single year's performance,"
Gabriel Rouchon added, "I am particularly encouraged to see that
the plan we laid out in 2009 and started to implement in 2010 is
starting to take shape now: diversification of our business in
areas that we had neglected, such as our re-entry in the air
cooling business early 2011, and finalization of the registration
process for our China subsidiary, which now opens up a whole new
market to sell our products. In terms of our business model, 2010
allowed us to continue improving our vertical integration, and also
marked our renewed commitment to better communicate with the Public
Markets which led us to hiring Agoracom as our Investors Relations
Firm."
The company Chairman concluded with a word of cautionary
optimism by saying, "Last years' excellent results were primarily
due to a cyclical surge in our industrial sales activity, which is
approximately based on a 2 year cycle; it thus represented close to
35% of our overall revenues, and we do not expect to reiterate at
the same level in 2011. Therefore, in order to continue our growth,
we have to compensate by diversifying and by increasing our market
presence in the consumer market sector. This process has already
begun, and will remain in focus for 2011 and beyond."
Investors are invited to visit the Rouchon Industries IR Hub at
http://www.agoracom.com/ir/rouchonindustries where they can post
questions and receive answers or review questions and answers
already posted by other investors. Alternatively investors can
email questions and correspondence to rchn@agoracom.com.
About Rouchon Industries Inc (dba, Swiftech) (PINK SHEETS:
RCHN)
Swiftech offers a wide variety of advanced air and liquid
cooling solutions for the IT industry, and is working with leading
OEM's, semi-conductor and PC manufacturers as well as a network of
over sixty leading distributors worldwide. The principal business
of Swiftech is the development, manufacturing, and sales of thermal
management products. They are divided into three categories of
cooling products: air, liquid, and thermoelectric. Because Swiftech
products have garnered innumerable industry awards in each one of
these categories, the company has acquired the confidence of its
customers, small and large, to resolve today's most acute thermal
management issues, and contribute in shaping the future of the
personal computer cooling industry. You can visit Swiftech's
website at: http://www.swiftech.com. Or you can email us at:
info@swiftech.com.
Safe Harbor
This press release contains or may contain forward-looking
statements such as statements regarding the Company's growth and
profitability, growth strategy, liquidity and access to public
markets, operating expense reduction, and trends in the industry in
which the Company operates. The forward-looking statements
contained in this press release are also subject to other risks and
uncertainties, including those more fully described in the
Company's filings with the Securities and Exchange Commission. The
Company assumes no obligation to update these forward-looking
statements to reflect actual results, changes in risks,
uncertainties or assumptions underlying or affecting such
statements, or for prospective events that may have a retroactive
effect.
Contacts: Swiftech 151 West Victoria Street Long Beach, CA 90805
USA rchn@agoracom.com http://agoracom.com/ir/RouchonIndustries
Grafico Azioni Rouchon Industries (PK) (USOTC:RCHN)
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