SOURCE: TouchIT Technologies Inc

TouchIT Technologies Inc

January 10, 2011 12:15 ET

TouchIT Technologies Inc. Announces a Conservative Revenue Forecast of $9 Million, With $1.8 Million NET Profit for 2011

ISTANBUL, TURKEY--(Marketwire - January 10, 2011) - TouchIT Technologies Inc. (OTCBB: TUCN) today announced that its revenue model based on its strategy of world-wide channel distribution and OEM accounts could potentially drive sales to a conservative $9 million in 2011. The plan includes further expansion in the USA and Europe with new markets in the Middle East also starting to grow. "We've hit the ground running in 2011," commented Ronnie Murphy, President of World-Wide Sales at TouchIT Technologies. "We're in the middle of the second week of sales and already have over $250K of product on back order and this number is growing daily," he added.

The company has built a dual strategy model based on its ability to customize and rebrand its products for OEM customers, as well as sell the products under the TouchIT brand through channel distribution. "Our customers have started the year strongly," remarked Ronnie Murphy. "We are nicely positioned for a number of opportunities that could come off this year," he concluded.

For further details please contact TouchIT Technologies.

About TouchIT Technologies

TouchIT Technologies designs, produces and markets touch-based visual communication products. We manufacture a large range of touch screen and touch board products to suit all types of application from small LCD touch-screens to large interactive whiteboard displays and audience response systems. We have manufacturing facilities in Istanbul, Turkey and Sales Offices in London, UK, Co Limerick, Ireland and Detroit, Michigan, USA.

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Forward-Looking Statements

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). TouchIT Technologies, Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties.

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