(800) 203-7393 | Contact Us
Welcome
Connectyx Logo
MRN Logo

Press Room

Send us a message or call 800-203-7393.
Press Release:11/4/09: -[ .PDF version ]

Connectyx Technologies Holdings Group, Inc. Increases Margins 87% and Reduces Expenses by 10% for the YTD 2009 Versus YTD 2008

..Company Posts Unaudited Financials on Pink Sheets more?

Connectyx Technologies Holdings Group, Inc. (Other OTC:CTYX.PK - News) announced that the Company has posted its unaudited financial statement for the third quarter of 2009 on Pink Sheets. The Company decreased its net loss by approximately $100,000 for the YTD 2009 as compared to the YTD 2008 despite a decrease in Revenues of $29,883. This is because Connectyx was able to reduce its expenses by nearly$ 60,000 while increasing its gross margin to 87% from the 64% gross margin it had for the same period in the previous year. The Company continues to decrease expenses for the first three quarters of 2009 as compared to 2008.

Connectyx posted revenues for all of 2008 of $322,067 and through the third Quarter of 2009, $246,140. Based upon these figures the Company expects to exceed 2008 revenues. This along with the decrease of Selling and Administrative Expenses and the increase in profit margin should allow the Company to breakeven in the first half of 2010.

View or download entire release.
© 2007, 2008 & 2009, Connectyx Technologies Corp, all rights reserved
Terms/Conditions of Use   |   1-800-203-7393   |   Privacy Policy
Legal Notices   |   HIPAA Statement   |   Return Policy