SOURCE: Braintech Inc.

May 14, 2007 09:00 ET

Braintech Reports Operating Profit

VANCOUVER, BC -- (MARKET WIRE) -- May 14, 2007 -- Braintech, Inc. (OTCBB: BRHI), a leading provider of Vision Guided Robotic ("VGR") software technologies, announced today that it has generated an operating profit for the three month period ended March 31, 2007.

Ted White, Braintech's Chief Financial Officer explained: "For the three month period ended March 31, 2007, we achieved an operating profit of $57,304 compared to an operating loss of $482,049 for the three month period ended March 31, 2006. Although not significant in terms of magnitude, it is very significant in that it marks the first time that operating revenues have exceeded operating expenses. It also is significant in that it marks another step in the development of Braintech from a pure research and development company to a continuously profitable corporation. For the three month period ended March 31, 2007, we reported non-operating expenses of $683,208 of which $643,968 were non-recurring financing expenses. For the three month period ended June 30, 2007, we expect that operating revenues and operating expenses will be nearly equal and that non-operating expenses will be approximately $40,000. We expect to generate a net income in each of the three month periods ended September 30, 2007 and December 31, 2007."

About Braintech: www.braintech.com

Disclaimer

Statements in this document that are not purely historical are forward-looking statements and reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. Forward-looking statements in this news release include the statement that Braintech is developing into a continuously profitable operation and the expectation that for the three months ended June 30, 2007 operating revenues and operating expenses will be nearly equal, that non-operating expenses will be approximately $40,000 and that the Company will generate a net income in each of the three month periods ended September 30, 2007 and December 31, 2007. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technical difficulties in developing the products; competition from other suppliers of similar products; pricing that may not be acceptable to potential markets; and many other known and unknown factors. Readers should also refer to the risk disclosures outlined in the Company's 10-KSB and 10-QSB Forms filed from time to time with the SEC.

Contact Information

  • Contact Information:
    Owen Jones
    Braintech Inc.
    #102 - 930 W 1st Street
    Vancouver, BC
    V7P 3N4
    (604) 988-6440 x 200
    Email Contact