CalciTech Files 2009 Results
CalciTech Ltd. (Plus Markets:CLK) (OTCBB:CLKTF) announces today it has filed its Form 20F with the SEC, which includes audited financial statements for the year ended December 31st, 2009. The Company's annual filing can be downloaded from the SEC website: www.sec.gov/edgar.shtml.
The Company contained and reduced overhead costs for the year 2009 resulting in a reduction of net loss to $1,081,000 from $2,025,000. Total shareholder equity increased from $609,000 to $5,145,000. The financial statements will be presented to the shareholders in due course at the annual general meeting, but in the meantime can also be viewed on the Company’s website: www.calcitech.com.
During the year the Company continued with its programme for developing a number of European projects. Two extremely important announcements regarding new patent applications were made. The first will extend the coverage and term of our original patent, while the second provides us with a further waste, paper sludge ash, resulting from the recycling of paper.
Roger Leopard CEO comments “Our ability to work with new waste materials significantly enhances our environmental credentials and our ability to offer, in particular to the paper industry, some real economic and sustainable solutions.”The directors of the company take responsibility for this announcement. This press release contains "forward looking statements" including forward looking statements as that term is defined in section 27a of the United States Securities Act of 1933 and section 21e of the Securities and Exchange Act of 1934. Statements in this press release, which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies and uncertainties, including, but not limited to, market acceptance for CalciTech's products, manufacturing of CalciTech's products in a commercial setting, obtaining adequate financing and construction management for production and obtaining appropriate permits. It is important to note that the corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the company's public filings with the Securities and Exchange Commission.
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