GRAND ISLAND, NE--(Marketwired - Aug 16, 2016) - Today Sense Technologies, Inc. (OTC PINK: SNSGF) released their Fiscal February, 2016 financials.
Sense Technologies 2016 fiscal year highlights include: Gross Sales increase of 113% over prior year, a 65% reduction in direct Cost of Sales, and a dramatic $375,000 increase in Gross Profit yielding a gross profit margin of 64.8%.
Sense Technologies, Inc. is nearing the completion of its due diligence efforts in evaluating the acquisition of Scribner Natural Products. Scribner Natural Products is an industrial food and feed products company in Scribner Nebraska, where it operates a soybean crushing mill, along with interest in a Trucking, Logistics and Consulting company. See the Public Wire report here:
"We believe we are very near completion of our due diligence process, and see no impediments at this point to reaching a successful conclusion. We are on a fast track because it is in our shareholders' interest to commence the profit potential just as soon as we can," said Bruce Schreiner, Sense Technologies, Inc.'s President.
About Sense Technologies, Inc.
Sense Technologies, Inc. (http://SenseTech.com) develops and markets backing awareness products for safety and is in the process of acquiring Scribner Natural Products www.ScribnerSoybean.com.
Scientifically designed, Scribner Natural Products are all natural and are manufactured with no harsh chemicals or solvents used in the production process. Its products are highly digestible and have high levels of vitamins, isoflavonoids, and amino acids. The company is moving to file patents on its proprietary processes, including its soil enhancer products for organic gardening, and has identified numerous bases for individual patents.
This press release consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. In particular, there is no assurance that the parties will reach a definitive agreement for the proposed transaction or that the transaction will be completed. Additionally, no assurance can be provided that the terms of any transaction will be similar to those contemplated by the Letter of Intent. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.