SOURCE: Lyfe Communications Inc.

November 28, 2011 06:00 ET

Lyfe Communications Increases Revenues in Q3

SALT LAKE CITY, UT--(Marketwire - Nov 28, 2011) - Lyfe Communications, Inc. (OTCBB: LYFE), a technology leader in the development of next generation media services integrating TV, high-speed Internet and enhanced voice services, announced financial results showing a substantial increase in revenues in the period ending September 30, 2011.

The increases in revenues are a result of enhanced sales in the residential market, increased penetration in its MDU properties, and also from acquiring new rights of entry into new MDU properties. The company's revenues increased 125% over the previous quarter ending June 30, 2011 and increased 153% over the same quarter in the previous year ending September 30, 2010.

"This is a great indicator of the direction the company is heading," said Greg Smith, Founder and CEO of Lyfe Communications. "We continue to demonstrate our ability to execute and prove our business model. Our team has worked diligently to cut costs and increase revenues, and we are seeing the results of our efforts."

This press release may contain forward-looking statements including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, changes in anticipated earnings of the company and other factors detailed in the company's filings with the SEC. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.

Contact Information

  • Lyfe Communications, Inc.
    Garrett Daw
    Tel: 801-509-1222
    Email Contact