EMTA Holdings Reports Record Monthly Revenues of $657,000 for March 2008; This Represents a 45% Increase from February 2008
02 Abril 2008 - 7:00AM
PR Newswire (US)
Company Generates $229,000 in Positive Cash Flow for the month of
March 2008 SCOTTSDALE, Ariz., April 2, 2008 /PRNewswire-FirstCall/
-- EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN BOARD: EMHD) , maker
of XenTx(TM), Synergyn(TM) and other engine treatment and fuel
efficiency products, has today announced record monthly revenues of
$657,000 for the month of March 2008, which represents a 45%
increase in sales from the previous month. In addition the Company
is pleased to announce that it has generated $229,000 in positive
cash flow (for March 2008), the second consecutive month that the
Company has accomplished this goal. Results for March 2008 were
slightly higher than projected which reflects that the Company's
growth strategy is being successfully implemented and is on
schedule. Revenues for the last quarter of this fiscal year are
$1,245,000 which represents a 300% revenue increase from the
previous quarter and is the first time revenues exceeded $1.0M in
any quarter. Based on the current orders and the availability of
raw materials, management has introduced the following revenue
guidance range for the month of April 2008, the first month of
Fiscal Year 2009, at between $775,000 and $1,025,000. EMTA Chief
Executive Mr. Edmond Lonergan commented on the March 2008 results,
"For the second consecutive month, the Company has experienced very
strong demand for its products from both domestic and international
customers. The Company did experience some temporary growing pains,
as a result of the significant new customer orders. Management
focused a great deal of attention, during the month of March, on
permanently addressing these issues so moving forward our revenue
growth can continue uninterrupted. We expect to demonstrate strong
results for the month of April 2008, while the intermediate and
longer term prospects remain very positive." About EMTA Holdings
EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN BOARD: EMHD) develops and
manufactures innovative products to conserve energy, particularly
for petroleum-based fuels. The Company's engine and fuel additives
are marketed under the brands XenTx(TM), Synergyn(TM),
CleanBoost(TM) and Fusion Lubricants brands, and are sold both to
commercial and retail customers. They are available from key
distributors, major automotive retailers and online at
http://www.emtacorp.com/store. For additional information on EMTA
products, please visit http://www.xentx.com/. Forward-Looking
Statements: This press release discusses certain matters that may
be considered "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including
statements regarding the intent, belief or current expectations of
EMTA Corp. ("the Company") and its management. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve a number of
risks and uncertainties that could materially affect actual results
such as, but not limited to: the ability of the Company to raise
necessary capital; to attract and retain effective management; the
lack of viable commercial applications or the failure of
third-party contractors to perform their contractual obligations.
Prospective investors are also referred to the other risks
identified from time to time in the Company's reports and
registration statement filed with the Securities and Exchange
Commission. CONTACT: Carla Hintz The Wells Group, Inc. 480-391-7400
Or Paula C. Wright VP IR/PR/Media EMTA Holdings, Inc. 480-607-0251
DATASOURCE: EMTA Holdings, Inc. CONTACT: Carla Hintz of The Wells
Group, Inc., +1-480-391-7400, , for EMTA Holdings, Inc.; or Paula
C. Wright, VP IR-PR-Media of EMTA Holdings, Inc., +1-480-607-0251,
Web site: http://www.emtacorp.com/
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