SOURCE: Luna Technologies International, Inc.

May 12, 2005 09:00 ET

Luna Technologies Announces Full Year Results and Highlights 40% Sales Growth

KENT, WA -- (MARKET WIRE) -- May 12, 2005 -- Luna Technologies International, Inc. (OTC BB: LTII) (All amounts in US dollars) announces Full Year Results and highlights a 40% increase in sales. For the year ended December 31, 2004, sales were approximately $537,000, a 40% increase of $156,000 over the approximately $382,000 for the year ended December 31, 2003.

Net loss for the year ended December 31, 2004, increased by approximately $59,000 or 10% over the previous year. Net cash used in operating activities was approximately $315,000 an improvement of $121,000 over the approximately $435,000 used for the year ended December 31, 2003. Full details are contained in the company's Form 10-KSB, filed on Edgar which is available at www.sec.gov.

Kimberly Landry, Chief Executive Officer for Luna Technologies, stated, "We are please with the increasing acceptance of our new generation photoluminescent emergency signage and wayfinding systems as demonstrated by our sales growth. In 2004 we continued to devote our energies to the acceptance and accreditation of our products. In 2004 a major breakthrough came when our proprietary Exit Sign became the first of its kind to be approved by the EPZ under the 'Energy Star' program."

In discussing the operating results of the company, President Scott Bullis remarked, "Our focus remains on growing our business in an aggressive manner, without losing sight of the bottom line. We continue to manage and scrutinize our manufacturing costs while keeping a tight lid on overhead. We are excited by our prospects and are ensuring we have adequate capacity in all aspects of our business to service the growing demand for PL."

About Luna Technologies

Luna Technologies is a leading developer and manufacturer of modern high performance photoluminescent products. It is credited with the first commercially available Strontium Aluminate based products, the first photoluminecent Exit sign to pass Underwriters Laboratories' tough 75 ft. visibility/legibility standard, as well as the first photoluminescent Exit Sign to be approved by the Energy Star program. From buildings of all types, to airplanes, trains and passenger ships, photoluminescent products are enhancing progressive life-safety systems. Luna Technologies is leading this initiative, from advising building code and standards organizations to assisting companies to integrate photoluminescent systems into their life-safety programs.

Cautionary Note Regarding Forward-Looking Statements and Risks

Some of the statements in this press release are forward-looking statements and as such are based on an assumed set of economic conditions and courses of action. These include statements that describe Luna Technologies' future plans, objectives or goals. There is a significant risk that actual results will vary, perhaps materially, from results projected depending on such factors as changes in general economic conditions and financial markets, changes in building codes, the timing and availability of financing, governmental and other approvals and other risk factors listed from time-to-time in Luna Technologies' Form 10-K and its other reports filed with the Securities and Exchange Commission. Luna Technologies disclaims any responsibility to update forward-looking statements made herein.

Contact Information

  • Contact Information:

    Investor Relations:
    John Kuehne or Frank Quinby
    SmallCap Corporate Partners Inc.
    1-866-380-2274
    Email: info@smallcap.ca

    Luna Technologies International, Inc.
    604-526-5890
    Web: www.lunaplast.com