Gatorz Inc.
TSX VENTURE : GTZ

Gatorz Inc.

May 28, 2013 14:25 ET

Gatorz Inc. Reports Q1 Results

Revenue Increases by 12.6%

TORONTO, ONTARIO and SAN DIEGO, CALIFORNIA--(Marketwired - May 28, 2013) - Gatorz Inc. (TSX VENTURE:GTZ) ("Gatorz" or "the Company") announced today that revenues from the first quarter ended March 31, 2013 were $361,379 versus $320,924 in the same period ending March 31,2012, an increase of 12.6%. The increase in revenue was driven by increased sales to Nexcom. As a result of the increase in sales, gross profit increased by $19,227 over the same period in 2012 to $187,656.

The Company was able to reduce its loss from operations by $41,258 as a result of improved efficiencies within the Company. Gatorz management decreased the comprehensive loss by $62,999.

Next quarter the Company will be reporting consolidated financial results for both its Optics and its newly acquired Retail division.

To view the complete financial results, please refer to the company's filing at www.sedar.com or if you would like to receive company news directly to your inbox please email markd@pacvector.com

"Driving Gatorz revenue and operational efficiencies is a long-term initiative which we are committed too," said Robert Reynolds, Chief Executive Officer of Gatorz Inc. "We are pleased with the positive momentum Gatorz continues to enjoy through our Military and Internet retail channels. Our focus on Military and Outdoors is being substantiated with our continued performance within our key accounts such as Nexcom. We expect continued success in these categories moving forward."

Annual General Meeting

The Company would like to remind all its shareholders of its upcoming Annual General Meeting which will be held on June 6, 2013 at The Toronto Board of Trade at 11:30am. The management of the Company will be giving a full presentation on the new direction of the company. We invite all interested shareholders, brokers and financial media to attend.

About Gatorz

Gatorz Inc. (www.gatorz.com) designs, develops, manufactures, and distributes performance eyewear, including sunglasses crafted from 7075 billet aircraft aluminum and from premium injection-moulded Italian frames. Gatorz precision-built aluminum eyewear is proudly made in the USA, offering superior craftsmanship, performance and durability. Gatorz proprietary technologies include the ability to customize the frame to the wearer's specific facial features. In addition, the Company's lens technology, TruRay Optics, offers a comprehensive assortment of ballistic impact-proof lenses which are 100% UV-blocking, optically correct and distortion-free. Gatorz distribution markets include motorcycling, motorsports, skydiving, military, off-road, hunting & fishing, action sports, and youth lifestyle markets.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Gatorz Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Gatorz Inc.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information