SOURCE: Ethos Environmental, Inc.

January 08, 2008 09:00 ET

Ethos Environmental, Inc. Reports Third Quarter Results

SAN DIEGO, CA--(Marketwire - January 8, 2008) - Ethos Environmental, Inc. (OTCBB: ETEV), a manufacturer and distributor of a unique line of fuel reformulating products, namely Ethos FR®, is pleased to announce its financial results for the third quarter of 2007.

Third Quarter Results

The Company recognized revenues of $2,299,183 for the three months ended September 30, 2007 and $7,596,279 for the nine months ended September 30, 2007 compared to revenues of $1,546,078 and $4,244,020 for the same periods in the prior year. For the nine months ended September 30, 2007, this represents an increase of $3,352,259 or 79%.

Gross profit, defined as revenues less cost of goods sold, was $1,736,252 or 75% of sales for the three months ended September 30, 2007 and $5,323,406 or 70% for the nine months ended September 30, 2007, compared to $736,074 or 48% of sales for the three months ended September 30, 2006 and $2,522,910 or 59% for the nine months ended September 30, 2006. In absolute terms, gross profit increased 111% for the nine months ended September 30, 2007 compared to same period in the prior year.

"We continued our business model by expanding our sales to Africa, Australia and Latin America. Our products reduce damaging emissions, while increasing fuel efficiency and extending engine life. The Company has continued to gain market support and attract new customers worldwide. Through the remainder of this year, we anticipate continued growth as the world becomes more aware of our technology through proof of performance," according to Enrique de Vilmorin, Chief Executive Officer.

For more information, please visit www.ethosfr.com.

About Ethos Environmental, Inc.

Ethos Environmental, Inc. (OTCBB: ETEV), a San Diego-based corporation, is the manufacturer of award-winning fuel reformulator products that help industries meet environmental regulations and relieve skyrocketing fuel costs. Ethos Bunker Fuel Conditioner significantly reduces carbon monoxide when added to heavy fuel oil. For more information about Ethos Environmental, Inc., please visit www.ethosfr.com.

Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding future activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Ethos Environmental to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop future assets, the ability to fund operations and changes in consumer and business habits and other factors over which Ethos Environmental, Inc., or any affiliates, has little or no control.

Contact Information

  • Investor Contact
    NetGain Financial, Inc.
    Barron Hess
    877-ETHOS IR
    877-384-6747
    Email Contact

    Press Contact
    Yasmine Rangel
    Ethos Environmental, Inc.
    619-575-6800
    Email Contact