CleanTech Manufacturer, EVTN Announces 300% Increase In 9 Month Revenues Vs. Entire Prior Year, Along With 3rd Quarter Results
FORT LAUDERDALE, Fla., Dec. 2 /PRNewswire-FirstCall/ -- Enviro Voraxial Technology, Inc. (OTCBB: EVTN) announced a 300% increase in revenues for the first 3 quarters of 2009, as compared to the entire year of 2008. EVTN, manufacturer of the Voraxial ® Separator, posted its best sales growth, despite the worst global economic climate in decades as revenues for the first 3 quarters of 2009 increased to $431,000.
EVTN achieved profitability in the third quarter, according to GAAP financials, helped by the sale of depreciated equipment. Accelerating business activity includes completed and pending orders, plus active negotiations for applications across global, multi-billion dollar market sectors. Customers, that include some of the world’s largest companies, indicate the importance of EVTN’s Voraxial ® technology and its potential for continued growth. Increased revenues dramatically confirm EVTN’s transition from R&D stage to full commercialization. EVTN’s Voraxial ® Separator, a proven highly efficient separation device, represents an economic solution to critical separation requirements across a range of multi-billion dollar market, which includes oil exploration & production, mining and waste-to-energy.
“EVTN is responding to an increasing number of inquiries for the Voraxial ® Separator from major industrial and service companies,” stated John A. DiBella, VP of EVTN. “The future revenue potential from these pending opportunities range from a hundred thousand dollars to millions of dollars per project. We believe, based on current activity, that we can expect continued growth in 2010.”
To view 3rd Quarter financials, please view:http://www.sec.gov/Archives/edgar/data/1043894/000109991009000128/evtn_10q.htm ABOUT EVTN : Enviro Voraxial Technology, Inc. (OTCBB “EVTN”) www.EVTN.com is the Fort Lauderdale, Florida based developer and manufacturer of the Voraxial ® Separator, arguably the world's most efficient, high volume fluid and fluid/solid separation technology. The separation market encompasses a series of multi-billion dollar segments, spread globally across many industries and applications. As the developer of this dramatically superior, extensively patented separation technology, the economic implications for EVTN should be significant. EVTN’s Voraxial ® separation systems have completed projects with many of the world’s top industrial companies, including ConocoPhillips, Cameco, Repsol, US Navy and Transocean. EVTN was originally founded as a high precision aerospace manufacturer that built the gyro platforms for the Hubble space telescope as well as missile and satellite components. EVTN re-invested its profits along with equity investors (that include two European Intuitions) toward the development of the Voraxial ® Separator. The Voraxial ® is now successfully commercialized and is the exclusive focus of EVTN’s business. EVTN owns significant IP surrounding the Voraxial ® and has new innovations under development to enhance its potentially market dominant technology.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV