Environmental Solutions Worldwide Inc. Announces Second Quarter Sales of $3.2 Million & Record Net Profit of $663,879 for the Period Ended June 30th, 2007
CONCORD, Ontario--Environmental Solutions Worldwide Inc. (ESW) (OTCBB:ESWW)(FWB:EOW) announced today that the Company has achieved second quarter sales of 3.2 million with a 20.7 percent net profit of $663,879.
The results showing the strongest quarter in revenue and profit in the Company's history include:
- Q2 2007 revenues of $3.2 million, up 1893.1% percent over the same period last year.
- Q2 2007 gross profit of 68.3% percent, representing an overall increase of $2,163,459 over the same period last year.
- Q2 2007 net profit of $663,879, or $0.01 per common share, up from a 1.4 million loss for the same period last year.
Additional financial information for the Company's second quarter can be found in the Company's Form 10-QSB filed with the Securities and Exchange Commission.
Mr. David J. Johnson, ESW's President and CEO commented, “Our second quarter results were in line with our expectations based on our current schedule of product deliveries. The Company’s portfolio of sales opportunities for our proprietary products and services continues to expand and grow within our industry. Today, we are working with our partners and distributors on a number of unique programs which have the potential to drive considerable sales. We continue to be on track to deliver or surpass our 2007 sales expectation of $9 million through the execution of our business plan.”
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