Rouchon Industries Inc., dba Swiftech®, announces record revenues and profits for the fiscal year ending December 31st, ...
20 Marzo 2013 - 1:00PM
OTC Markets
Rouchon Industries, Inc. dba Swiftech® (OTC Pink Current: 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, OEM’s 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:
Investor Relations
info@swiftech.com
Source: Rouchon
Industries, Inc., dba Swiftech®
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