STEN Corp. Reports 2008 Second-Quarter Revenue of $4.3 Million and Improved Results From ...(related to third-party dealer customerst...),Health

Date:5/14/2008

related to third-party dealer customers that we no longer are doing business with and where we concluded we needed to recognize additional allowances for credit losses at the end of the period. We continue to make progress in all areas of our businesses. The increased emphasis on our company-initiated financing contracts will be a positive factor in our performance. Building on our recent initiatives, and considering the current trends, we now see revenue in the second half of fiscal 2008 ending September 30, exceeding $10 million and are forecasting after-tax earnings per share from continuing operations for the six month period to be in the range of $.20 per share. As we look ahead to fiscal 2009, we believe that we have improved on our basic business model and see total revenue for the year exceeding $25 million and are forecasting earnings of $.50-$.60 per share."

STEN Corporation and Subsidiaries, headquartered in Minnesota, is a diversified business, primarily focused on its financing business and buy-here pay-here retail vehicle sales business through STEN Financial Corporation. The Company's Stencor business is a contract manufacturing business and distribution business. In addition to manufacturing medical and industrial products, the company manufactures and distributes ZERO BUG ZONE(TM) an environmentally-friendly pest-eliminator and Stencor also distributes Liquid Filter(TM) a unique product which enhances indoor air quality. These products are available at http://www.gozbiz.com.

STEN Corporation common stock is traded on the Nasdaq Capital Market under the symbol STEN. More information about STEN Corporation is available at the Company's website: http://www.stencorporation.com. Except for historical information contained herein, the disclosures in this news release are forward-looking statements that could be affected by certain ris
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SOURCE STEN Corporation Copyright©2008 PR Newswire. All rights reserved

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