SOURCE: Cleartronic


January 13, 2010 11:30 ET

Cleartronic, Inc. (CLRI) Reports Significantly Improved Results for the Year Ending September 30, 2009

BOCA RATON, FL--(Marketwire - January 13, 2010) - Cleartronic, Inc. (OTCBB: CLRI), a provider of unified communications solutions through its wholly owned subsidiary VoiceInterop, Inc. (, announced its results for the year ending September 30, 2009.

Revenues for the year ended September 30, 2009 were $1,849,708, as compared to $426,821 in the same period last year. Revenue consists of sales of hardware, software, installation and maintenance and support services.

The Company incurred a loss for the year of $415,162 or $.007 per share which represented a significant improvement over the loss of $2,108,480 or $.056 per share for the year ended September 30, 2008.

Operating expenses for the year ended September 30, 2009 were $1,062,472, down more than half from the $2,164,023 incurred in fiscal year 2008. Lower operating costs were achieved through more efficient sales and marketing spending and aggressive reductions in administrative expenses.

"Execution of our business strategy continues to work as we head toward profitability," said Larry Reid, CEO of Cleartronic. "Our steadily improving results reflect management's efforts in developing new products and solutions in addition to reducing expenses."

About VoiceInterop

VoiceInterop, Inc., a wholly owned subsidiary of Cleartronic, Inc. (OTCBB: CLRI), is an application developer, systems integrator, and manufacturer of the patent-pending AudioMate360 IP gateways. The Company provides solutions that enhance risk mitigation and promote operational efficiencies for homeland security, public safety, first responders and business continuity. VoiceInterop is headquartered in Boca Raton, FL, USA. For more information contact Equiti-Trend Advisors LLC at 1-800-585-6988.

Statements contained in this press release which are not historical facts are known as forward-looking statements as that item is defined in the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results.

Contact Information

  • Contact:
    Equiti-Trend Advisors LLC