TOMI Environmental Solutions, Inc. (“TOMI”) (OTCQB: TOMZ), a global
bacteria decontamination and infectious disease control company, today
reported its operational results for the quarter ended June 30, 2013 by
filing its Quarterly Report on Form 10-Q with the U.S. Securities and
Exchange Commission.
Highlights during the quarter ended June 30, 2013 were:
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Net Loss of $7,985,934 which includes a non-cash charge of $7,423,587
related to Change in Fair Value of Derivatives and Finance Charges
both related to the Issuance of Convertible Debt, as compared to a Net
Loss of $48,252 for the quarter ended June 30, 2012;
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Net cash used in Operating Activities of $390,012 as compared to
$205,183 used during the quarter ended June 30, 2012;
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Cash and Cash Equivalents at June 30, 2013 of $1,190,132 as compared
to $23,041 at June 30, 2012;
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Effective April 1, 2013, the Company entered into a Support and
Service Agreement (the “Agreement”) with Rolyn Companies, Inc.
(“Rolyn”) under the terms of which Rolyn will provide labor and
services support. The Agreement calls for payment to Rolyn of $20,000
per month in the form of shares of the Company’s common stock at a
share price of $0.261, regardless of market price, and payment of
out-of-pocket expenses. Certain officers of Rolyn were appointed
officers of the Company in June and July 2013;
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On April 15, 2013, the Company completed its acquisition of binary
ionization technology and related patents and other assets consisting
of personal property and inventory related to implementation of the
Binary Ionization Technology related to these patents from L-3 Applied
Technologies, Inc. ("L-3"). All of these assets are pledged as
collateral for the convertible notes issued as described above; and
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The number of hospitals and tissue labs using TOMI’s SteraMist
equipment or solution during the quarter ended June 30, 2013 was seven
as compared to three during the quarter ended March 31, 2013.
About TOMI Environmental Solutions, Inc.
TOMI Environmental Solutions, Inc. (OTCQB: TOMZ) is a global bacteria
decontamination and infectious disease control company, providing green
energy-efficient environmental solutions for indoor surface
decontamination through manufacturing, sales and licensing of our
premier platform of Hydrogen Peroxide aerosols, Ultra-Violet Ozone
Generators and Ultra-Violet Germicidal Irradiation ("UVGI") products and
technologies.
TOMI’s products are designed to service a broad spectrum of commercial
structures including medical facilities, office buildings, hotel and
motel rooms, schools, restaurants, meat and produce processing
facilities, military barracks, and athletic facilities. TOMI’s products
and services have also been used in single-family homes and multi-unit
residences.
TOMI also develops training programs and application protocols for its
clients and is a member in good standing with the Indoor Air Quality
Association, The International Ozone Association, The United States
Green Building Council, The American Biological Safety Association, The
American Association of Tissue Banks, Association for Professionals in
Infection Control and Epidemiology, Society for Healthcare Epidemiology
of America and the Restoration Industry Association.
For additional product information, visit www.tomiesinc.com
or contact us at info@tomiesinc.com.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
Certain written and oral statements made by us may constitute
“forward-looking statements” as defined in the Private Securities
Litigation Reform Act of 1995 (the “Reform Act”). Forward-looking
statements are identified by such words and phrases as “we expect,”
“expected to,” “estimates,” “estimated,” “current outlook,” “we look
forward to,” “would equate to,” “projects,” “projections,” “projected to
be,” “anticipates,” “anticipated,” “we believe,” “could be,” and other
similar phrases. All statements addressing operating performance,
events, or developments that we expect or anticipate will occur in the
future, including statements relating to revenue growth, earnings,
earnings-per-share growth, or similar projections, are forward-looking
statements within the meaning of the Reform Act. Because they are
forward-looking, they should be evaluated in light of important risk
factors that could cause our actual results to differ materially from
our anticipated results. The information provided in this document is
based upon the facts and circumstances known at this time. We undertake
no obligation to update these forward-looking statements after the date
of this release.
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