Golden Dawn Minerals Inc V.CXG.A

Best Quarter in a while

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A few more quarters like this and we should see some upward movement in this little companny. Attention Business/Financial Editors: Clemex Announces Third Quarter Results - Increases sales and profit Symbol: CXG.A-CDNX www.clemex.com Shares Outstanding: 18,543,560 MONTREAL, March 15 /CNW Telbec/ - Clemex Technologies Inc., manufacturer of Image Analysis systems and software for microscopy applications, announced today its third quarter results ending January 31, 2005 for FY 2005. For the third quarter of 2005, sales increased by 52% to reach $1,567,265 when compared to $1,029,117 for the same period last year. The Company posted a Net profit of $129,496 for Q3 compared to a Net loss of $136,036 last year despite a lower margin which stood at 49% while it was 54% in 2004. After nine months in FY 2005, total sales are up by 12.3% at $3,781,112 while they were $3,365 815 last year. Net profit for nine months is $126,569 compared to a Net loss of $270,757 last year. International sales and newly appointed Distributors accounted for a good share of the sales increase in the past quarter. During that third quarter, the Company recruited two important dealers in the US, a Nikon Microscope distributor in the Mid-West and a Leica Microscope distributor on the West Coast in San Francisco area. With the addition of these two dealers, the Company now has coverage of around 70% of the US geographically for its low and middle end solutions while it continues to sell its high-end systems across North America through its in house sales force. << FINANCIAL HIGHLIGHTS Third Quarter Nine months ------------------------------------------------------------------------ 2005 2004 2005 2004 ------------------------------------------------------------------------ $ $ $ $ Sales 1,567,265 1,029,117 3,781,112 3,365,815 Cost of Sales 798,529 477,393 1,726,720 1,502,409 ------------------------------------------------------------------------ Gross Margin 768,736 551,724 2,054,392 1,863,406 49% 54% 54% 55% Operating Expenses Sales and Marketing 298,498 249,501 904,018 797,805 Administrative Expenses 139,488 144,428 441,065 401,880 R&D less Tax credits 132,191 124,817 341,519 310,296 Amortization 33,446 37,985 104,968 118,477 Financial Expenses 40,678 54,553 171,993 181,037 ------------------------------------------------------------------------ 644,301 611,284 1,963,563 1,809,295 Profit/Loss before discontinued activities 124,435 (59,560) 129,569 54,111 Profit/Loss for discontinued activities 5,061 (76,476) 35,740 (324 868) ------------------------------------------------------------------------ Net Profit/Loss 129,496 (136,036) 126,569 (270,757) Per share 0.01 (0.01) 0.01 (0.01) >> Clement Forget, President and CEO of Clemex Technologies declared; "We are moving towards one of our objectives this year which was to convert all discontinued activities sales into imaging products sales, our core business. Some of this increased sales activity comes from our newly recruited distributors who are beginning to be quite active in reselling our general applications solutions." He added; "By end of Fiscal Year 2005, our dealer network in the US will be covering 90% of the United States and general purpose products will have much more exposure than last year. There is no doubt that sales will increase significantly in that sector in months to come." The Company also announces that Mr. Raffaele Gerbasi has resigned from his position as COO as of Feb 21 2005. Mr. Gerbasi remains however Chairman of Board of Directors of the Company. About Clemex Technologies, Inc. Clemex Technologies Inc. develops, manufactures and markets image analysis systems and software used by quality control and research microscopy laboratories. Clemex's customer base spans over many countries in America, Europe, Asia and encompasses major Research and Development Centers, prestigious Universities and large manufacturing industries in various fields including automotive, aerospace, raw materials manufacturing, pharmaceuticals, mining and other sectors. The CDNX has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release. For further information: Clément Forget, [phone], [e-mail] CLEMEX TECHNOLOGIES INC. - More on this organization Quotes & Charts News Releases (29) Photo Archive Company Earnings CXG.A.(TSX-VEN) >TELL A FRIEND >PRINTER FRIENDLY >SUBSCRIBE TO PORTFOLIO E-MAIL -------------------------------------------------------------------------------- © 2005 CNW Group Ltd. PRIVACY & TERMS OF USE / CONTACT US / SITE MAP