SOURCE: ImageXpres Corp

August 25, 2010 09:30 ET

ImageXpres Reports Strong Second Quarter Revenues, Earnings

FreePrintze™ Digital Advertising Sales Drive Top Line Growth

ROCHESTER, NY--(Marketwire - August 25, 2010) -  ImageXpres Corporation (PINKSHEETS: IMJX) today reported strong second quarter financial results and provided an optimistic forecast for the second half of 2010. The Company's revenue and profits for the six months ending 2010 were substantially improved as compared to the same period in the prior year.

For the quarter ending June 30, 2010, the company recorded total sales revenue of $652,960, and net income of $77,319, in the second quarter of 2010, a significant increase over revenues and net income in second quarter of 2009. Equally significant is that total revenues for this quarter showed an increase of 80% over first quarter of 2010's revenue of $361,815, and the net income rise from $46,667 in first quarter of 2010 to $77,319 in second quarter of 2010 represents a 66% increase from last quarter.

John Zankowski, ImageXpres Corporation president, CEO, states, "The strong revenue and profits recorded in second quarter of 2010 are a result of several key strategies put in place during the second half of 2009, and first half of 2010, that are just now beginning to generate consistent sales revenues on a weekly and daily basis. Most notable is the Company's recent launch of its FreePrintze™ website, and associated advertising revenues from small and medium businesses seeking a better way to reach targeted consumers in their local geographic area. Sales revenue attributed to ImageXpres Printing Solutions, which includes FreePrintze™ direct mail advertisements, was $324,690 in second quarter of 2010. This represents a very strong showing, with the program just now moving out of market testing to full-scale implementation. The FreePrintze™ printing and e-commerce business segment should prove to be a major growth engine for the Company as major advertisers are enlisted, and the FreePrintze™ consumer base grows exponentially over the next several quarters."

Mr. Zankowski also comments on the Company's SmartKiosk systems and medical systems product lines, both of which show sales revenue increases for the period ending June 30, 2010. Mr. Zankowski states, "The Company has devoted a major portion of research and development funds toward the implementation of an enterprise interactive kiosk and digital signage solution that can provide significant product differentiation for large retail chains, and independent, small retail businesses. The company is now completing various market trials and pilots in several key market segments. To date, the Company has recorded sales revenues of $283,000 in its SmartKiosk Systems product segment, which includes both kiosk and digital signage hardware, as well as digital advertising software/content revenues. As these SmartKiosk market trials progress, and customized software requirements for retail customers are completed, it is expected that large-scale sales to several major retail chains will begin to drive significant increases in sales revenues going forward."

The third segment of the Company is its medical healthcare product line, including its Surg-i-Scan™ surgical Checklist boards, and "digital" Surg-i-Scan™ software app for Apple's iPad, iPod, and iPhone devices. The Company's presence in this important, growing market segment is minimal to date, with total revenues of $45,270 in second quarter of 2010, but the Company's products are well positioned, and highly differentiated from the competition. 

Mr. Zankowski states, "A major marketing and sales effort is just beginning, and the Company expects to achieve significant increases in revenues as its digital product line becomes more familiar to surgeons, nurses and other caregivers associated with patient care initiatives worldwide. The Company is receiving sales inquiries from hospitals now trialing the Surg-i-Scan™ digital Safety Checklist app, and we expect sales of customized versions of the current digital checklist to ensue, along with added pull-through sales of physical checklist boards to hospitals."

About ImageXpres

ImageXpres is a digital imaging and printing company, headquartered in Rochester, NY. ImageXpres develops imaging systems solutions for commercial printing, consumer photo, health and business communications market segments. ImageXpres is currently manufacturing and marketing a family of self-service interactive digital kiosks, and LitePix Digital Displays, digital signs that provide unique advertising benefits for business owners. The Company's website is www.imagexpres.com.

Statements in this press release about the company's future expectations, including the rate of growth of the Company's revenues derived from sales of its safety and security products, and all other statements in this release other than historical facts, are "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as changes in consumer demand, satisfaction or desire for our products for a variety of reasons. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's reports and financial statements.

Contact Information

  • FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

    John S. Zankowski
    President
    ImageXpres Corporation
    info@imagexpres.com
    ph: (585) 292-5177