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UV Flu Technologies Aggressively Paying Down Debt to Build Platform for Expected Growth in Consumer and Hospital Markets
Date:1/3/2012

CENTERVILLE, Mass., Jan. 3, 2012  /PRNewswire/ -- UV Flu Technologies, Inc. (OTCBB: UVFT) (the "Company") is pleased to announce it has dramatically improved its Balance Sheet over the last twelve months, as referenced by the recent filing of its Annual "K" for the Year ended September 30, 2011. In the report filed, the Company disclosed that Current Liabilities, which include notes and accounts payable, decreased to $284,636, a 59% reduction from the $691,639 level of a year ago. Stockholders' Equity increased $465,608 over the same period. Gross profit more than tripled to $75,780 over the period, even though results from Rx Air were not included for the full year.

"This report actually understates the progress we have made over the last several months," said Jack Lennon, President of UV Flu Technologies. "In March of this year, the Board of the Company decided to initiate a crash program to dramatically decrease corporate overhead and pay down debt, while increasing sales by focusing on our three key target markets, Consumer, Medical, and International Sales. We have continued to make progress in all three areas relative to sales, and our plans to pay down a significant amount of our existing debt are expected to be completed ahead of schedule. In addition, our ongoing review of every expense and liability made significant headway, resulting in a profit for the 4th quarter," said Mr. Lennon.

"We continue to cut overhead, and should be completed with our 12 month program in February. On the sales front, we have made extraordinary strides. Internationally, we are one of the only companies in the world, regardless of size, that has products approved for sale in Hospitals in the U.S., China and India. We will be announcing new distributors in the coming months, both in the U.S. and internationally, and our efforts on the consumer side, we feel, have the potential to make UV Flu the household name when referring to the control of Indo
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SOURCE UV Flu Technologies, Inc.
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