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SPO Global Reports Results for Third Quarter 2013
Date:11/14/2013

NEW YORK, November 14, 2013 /PRNewswire/ --

SPO Global Inc. (SPOM), a leading developer of biosensor and microprocessor technologies for use in portable monitoring devices, reported financial results for its 2013 third quarter, representing the three months ended September 30, 2013.

Revenue for third quarter of 2013 totaled $245,000 and for the fiscal year to-date $494,000 compared to $278,000 in the same nine-month period of 2012. The increase in revenues during the nine-month period in 2013 was driven by continued sales of our consumer wellness products and primarily our private-labeled pulse oximeter known as the HoMedics Deluxe Pulse Oximeter.

SPO Global has also started to ship its new wellness time-piece to retailers under the "Live Well by SHARP" brand name. The wellness watch is designed to measure overall daily activity levels, especially useful for the estimated 100 million obese adults & children in the US.  This new product has started to generate interest in markets outside of the US.

Michael Braunold, Chief Executive Officer of SPO Global, commented: "We are pleased with our progress to date and with our return to revenue generation during the past four consecutive fiscal quarters. We continue to try and build on our success to date by introducing new distribution partners and products to our existing portfolio and we look forward to capitalizing on additional revenue opportunities into 2014."

As announced recently, the Company changed its corporate name to SPO Global Inc. to better reflect the nature of its products and current business focus. In addition the Company is looking to add additional products to its portfolio during 2014 to further expand its offering in the fast-growing consumer wellness market. These new products include a unique baby-monitor for parental reassurance when babies are sleeping and a sports
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SOURCE SPO Medical
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