PALM CITY, Fla., July 7 /PRNewswire-FirstCall/ -- Connectyx Technologies Holdings Group, Inc. (Other OTC: CTYX.PK) today announced that the Company has posted its unaudited financial statements for the second quarter ended June 30, 2009, on Pink Sheets.
The Company increased revenues by 45% and reduced expenses by 20%, thus decreasing its net loss by 50% for the second quarter of 2009 as compared to the second quarter of 2008. Connectyx had a net loss of $79,679 for the second quarter of 2009 versus a net loss of $158,459 for the same period in the previous year. This is the second consecutive quarter in which the Company has substantially decreased expenses in 2009 compared to the same time periods in 2008.
Connectyx posted revenues of $101,738 for the second quarter of 2009 versus revenues of $70,156 for the second quarter of 2008, an increase of 45%. The Company's lead product MedFlash(TM) continues to gain momentum and is currently being sold in retail stores nationwide. It is also distributed through drug wholesalers to over 20,000 independent medical and pharmacy groups, including Cardinal Health Care and Amerisource Bergen, two of the largest medical distribution companies, along with retailers in key markets such as; Kroger, Fred Meyer, QFC, Medicine Shoppes, Ralphs and HEB. In addition to retail outlets, MedFlash(TM) is being sold as a promotional incentive with affinity groups. Currently, MASA (Medical Air Services Association) and MedjetAssist, a leading emergency transport membership organizations.
"We are excited about the results Connectyx has achieved over the first six months of this year. If we are able to continue to increase our revenues while controlling or even reducing our costs further, we can count on achieving breakeven by the end of the fourth quarter of this year," stated Ronn Schuman, President and CEO of Connectyx Technologies Holdings Group, Inc.
Connectyx recently announced that - on Thursday, July 9, 2009 at 4:15 PM EDT - management will present a Nationwide Teleconference hosted by Big Apple Consulting USA, to discuss recent business developments and the Company's plans for the remainder of 2009. Please call (407) 389-5900 to reserve your spot for the Connectyx Nationwide Teleconference. If you would like to suggest a question for the Nationwide Teleconference, please email your question to: email@example.com.
About Connectyx Technologies Holdings Group, Inc.
Connectyx Technologies provides products in the healthcare market, which includes its Electronic Personal Health Record, MedFlash. The MedFlash product is an easy to use Personal Health and Lifestyle Record & Portal that is USB flash drive enabled. MedFlash contains an emergency flash drive with a Web portal and 24/7 emergency call center access, which contains the owner's complete medical and key related information. Stored information on the MedFlash can be accessed on any computer, securely with complete privacy for the members. For more information, please visit www.connectyx.com and www.medflash.com.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
|SOURCE Connectyx Technologies Holdings Group, Inc.|
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