Navigation Links
bioMETRX, Inc. Highlights 3rd Quarter 2008 Financial Results
Date:11/20/2008

Company Experiences Record Revenue Growth from Operations in Third Quarter

JERICHO, N.Y., Nov. 19 /PRNewswire-FirstCall/ -- bioMETRX, Inc. (OTC Bulletin Board: BMRX), a leading developer of consumer-based finger recognition products, today announced its financial results for the period ending September 30, 2008.

-- Revenues for the third quarter were $431,840, which represents a 430% increase over second quarter revenues of $100,000.

-- The Company added $300,000 of intangible assets to its balance sheet as a result of the Sequiam asset purchase.

"We have seen a steady increase in sales of our products over the last three months. Today, economic concerns trouble consumers and retailers report dramatic downturns in consumer spending; however, we are seeing a surge in sales of our products that protect consumer valuables and are priced right," noted Kevin Henderson, Senior V.P. at bioMETRX.

"We are extremely pleased with the response we have received to our products," stated Lorraine Yarde, Chief Operating Officer at bioMETRX. "With the holidays approaching, we expect to see sales of our safe products increase as consumers look for innovative yet practical gifts for family and friends. The previously announced sales and marketing initiatives are scheduled to coordinate with new retail channels for all of the company's products. These initiatives are being designed to increase the market's awareness of our products to drive more revenue," Ms. Yarde went on to say.

About bioMETRX, Inc.

bioMETRX, Inc. designs, develops and markets biometrics-based products to the consumer market under the common brand name - smartTOUCH(TM). As the global leader in consumer biometric product engineering, development and sales, bioMETRX's smartTOUCH(TM) technology has proven to be the most dependable and robust consumer biometric platform available today. Its smartTOUCH(TM) product line is making its way into the marketplace directly through the company, as well as through trusted global partners and nationally recognized retailers.

For more information on bioMETRX and/or the company's smartTOUCH line of products, visit the Company website at http://www.biometrx.net

Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.


'/>"/>
SOURCE bioMETRX, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology news :

1. bioMETRX, Inc. Calls Series B Warrants
2. bioMETRX, Inc. Acquires Patent for Biometric Padlock
3. bioMETRX, Inc. Acquires Patent for Biometric Padlock
4. bioMETRX, Inc. Announces Integration of AuthenTec Fingerprint Sensor in smartTOUCH(TM) Product Line
5. bioMETRX, Inc. Closes Angel Round of Funding
6. bioMETRX, Inc. Introduces New Products
7. bioMETRX, Inc. Files for Several New Patents
8. bioMETRX, Inc. Garage Door Opener Named Best In Class
9. bioMETRX, Inc. Partners with Biometric Solutions, LLC to Deliver Next Generation Finger Activated Technology
10. bioMETRX, Inc. Gun Storage Products Endorsed by the Handgun Club of America
11. bioMETRX, Inc. Completes Sequiam Asset Purchase
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... facilitates superior patient care by providing unparalleled technology to leaders of the medical imaging ... product recently added to the range of products distributed by Ampronix. Photo ... ... ... News ...
(Date:5/12/2016)... , May 12, 2016 WearablesResearch.com ... just published the overview results from the Q1 wave ... the recent wave was consumers, receptivity to a program ... data with a health insurance company. "We ... to share," says Michael LaColla , CEO of ...
(Date:4/28/2016)... , April 28, 2016 Infosys ... (NYSE: INFY ), and Samsung SDS, a global ... that will provide end customers with a more secure, fast ...      (Logo: http://photos.prnewswire.com/prnh/20130122/589162 ) , ... but it also plays a fundamental part in enabling and ...
Breaking Biology News(10 mins):
(Date:6/24/2016)... 24, 2016  Regular discussions on a range of subjects ... the two entities said Poloz. Speaking at a ... , he pointed to the country,s inflation target, which ... "In certain areas ... have common economic goals, why not sit down and address ...
(Date:6/23/2016)... , ... June 23, 2016 , ... ... release of its second eBook, “Clinical Trials Patient Recruitment and Retention Tips.” Partnering ... retention in this eBook by providing practical tips, tools, and strategies for clinical ...
(Date:6/23/2016)... Md. , June 23, 2016 A person ... from the crime scene to track the criminal down. ... the U.S. Food and Drug Administration (FDA) uses DNA evidence ... Sound far-fetched? It,s not. The FDA ... sequencing to support investigations of foodborne illnesses. Put as simply ...
(Date:6/23/2016)... NEW YORK , June, 23, 2016  The ... students to envision new ways to harness living systems ... of Modern Art (MoMA) in New York ... more than 130 participating students, showcased projects at MoMA,s ... included Paola Antonelli , MoMA,s senior curator of ...
Breaking Biology Technology: