Highline Technical Innovations, Inc. Announces 3rd Quarter Results
26 Ottobre 2010 - 6:00PM
Marketwired
Highline Technical Innovations, Inc., (PINKSHEETS: HLNT), announces
3rd Quarter Results. Third quarter revenues were approximately
$1,000,000 compared to second quarter revenues of $274,524 and
$33,178 from the first quarter. The company stated the enormous
gains from first to third quarter were the result of an aggressive
marketing campaign and rapid expansion of its dealer network. CEO
Charlton Coats stated, "We are thrilled to have had such an
excellent quarter, especially considering our most prominent
marketing campaigns and other growth initiatives were started after
the quarter had already began. We are continuing to add new dealers
at an unprecedented rate, and we are very excited to see our
efforts resulting in extreme revenue growth.
"Highline management understands the importance of keeping pace
with the extreme growth we are experiencing. Our increased revenues
starting with the third quarter have allowed us to increase
inventories to meet our demands, and explore many opportunities
presented to us both here and overseas. We continue to run an
extremely lean company and our success thus far has been a result
of reinvesting nearly every dollar of our profits immediately in
order to fuel even more growth. One of our primary focuses this
past quarter has been in developing our joint venture with Dong
Feng Motors for our UTV program, and ensuring that project goes on
schedule as planned. The UTV production line is set and gas prices
are on the rise; both of those factors are very encouraging for our
business."
Highline will be submitting our financials to OTC Pinksheets
within the next 24 hours. Additionally, our quarterly shareholder
letter will be completed this week and sent out as soon as possible
detailing more extensively some of the opportunities and growth we
have experienced since our second quarter. We encourage all of our
shareholders to review each of these items as well as upcoming
information releases, as we are making rapid progress on many
fronts.
About Highline Technical Innovations, Inc. HTI is comprised of
three subsidiaries, Highline Hydrogen Hybrids, Bo-tie Manufacturing
and Hoss Motorsports. Highline Hydrogen Hybrids (HHHI) manufactures
performance fuel systems that focus on reducing harmful emission
levels to meet and exceed EPA quotas. Its effect on horsepower and
fuel economy makes it good to be green. Bo-tie Manufacturing
produces high grade aluminum truck beds that supersede conventional
steel models. At half the weight, Bo-tie beds provide greater fuel
economy or larger payloads. Hoss Motor Sports is focused on the
production of OFF-ROAD vehicles that are built to withstand the
punishment of every day commercial use and are customized to meet
the needs of special interest groups.
Contact: Charlton Coats 1-479-267-6000
c.coats@highlineinnovations.com
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