ImageXpres Reports Third-Quarter Revenue, Income Increases
ROCHESTER, NY—Oct. 21, 2010—ImageXpres Corp. today announced increases in both revenues and earnings for the third quarter ending Sept. 30, 2010. Leading the way was the strong performance gains in acceptance of the company's newly-launched FreePrintze direct mail photo-ad service by local and national advertisers. The company also recorded gains in sales of its SmartKiosk systems product line, and associated digital advertising revenues.
For the quarter ending Sept. 30, 2010, the company recorded total sales revenue of $678,840, and net income of $84,525, a significant increase over revenues and net income in third quarter of 2009. Equally significant is that total sales revenues for this quarter showed increases in all three of ImageXpres’ major product line areas: digital printing, SmartKiosk systems, and medical solutions.
Sales revenue attributed to ImageXpres printing solutions, which includes FreePrintze direct mail advertisements, was $374,650 in third quarter of 2010. This represents a very strong showing, with the program just now moving out of market testing to full-scale implementation.
John Zankowski, ImageXpres president and CEO, states, "The positive revenue and profits recorded in third quarter of 2010 are a continuation of the business traction now being evidenced by acceptance of the company's business model, which is focused on delivering extremely effective advertising results for the company's business customers. With a major emphasis on market development, and with sales of both FreePrintze services and SmartKiosk systems to corporate customers just underway, we anticipate major revenue growth in both of these product areas continuing, and accelerating in 2011.
“The company recently launched its www.FreePrintze.com Website, and continues to enhance the functionality and value of the innovative business model, for both consumers and advertiser business partners. The company is planning a major media event to launch the FreePrintze on a national scale, with expectations of reaching millions of consumers who can join the FreePrintze at no charge, and receive weekly photos and other valuable prizes. In concert with more consumers on board are associated advertising revenues from small, medium and large businesses seeking a better way to reach targeted consumers in their local geographic area."