Scottsdale, Arizona 10/2/2009 1:23:17 AM
News / Finance

XFormity Technologies, Inc. (XFMY.OB) Reports Record Financial Results for Year Ending June 2009

QualityStocks would like to highlight XFormity Technologies, Inc. (OTCBB: XFMY). XFormity is a technology service provider to multi-unit business operators with solutions that provide polling services, business intelligence, balanced scorecards, benchmarking toolkits, data integration, and best-practice management tools.

 

In the company’s news yesterday,

 

XFormity Technologies, Inc. reported its financial results for its fiscal year ending June 30, 2009. The report showed continued revenues and profits growing at a record pace. The company’s revenues for the year totaled $1,978,231 a 36% increase over the year ending June 2008 with revenues of $1,457,884.

 

“We are very pleased with the direction of the company and with our continued revenue growth” stated Chris Ball XFormity’s CEO. There was also a significant improvement in net profit, with the annual net profit of $786,508 a 162% increase over the year ending 2008 net loss of $1,268,984.”

 

“In addition to demand for our core reporting services we are seeing increased interest in our Balanced Scorecard and Financial Benchmarking solutions. Over the past 6 months we have seen increased interest from both franchisees and franchisors across many different brands. We also continue to receive an overwhelming response and very positive feedback on our recently released Cash Management solution. We now have this solution deployed to over 1,200 restaurants,” added Ken Johnson XFormity’s VP of Sales & Marketing.

 

“As we move forward into the second 1/2 of 2009 we continue to see significant demand for our solutions. Our pipeline continues to stay strong and expect to announce several new large contracts during the next few months. We continue to receive inquiries from numerous food-service organizations that are looking to develop increased visibility into their restaurant operations,” further commented Chris Ball CEO of XFormity.

 

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Forward-Looking Statement:

This release may contain 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.