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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: LOR who wrote (7366)	6/13/2005 10:49:20 AM
From: esxtarus	Read Replies (1) \| Respond to of 8117

Pyng Medical Corp. Reports Sales and Profits Soar. Monday June 13, 9:00 am ET VANCOUVER, BC--(MARKET WIRE)--Jun 13, 2005 -- Pyng Medical Corp (Other OTC:PYNGF.PK - News) (Vancouver:PYT.V - News) is pleased to announce that invoiced sales for the month of April exceeded $343,000, the single largest month ever. This strong monthly result confirms a continuation of a historical annual growth in excess of 50% for Pyng Medical Corp and the F.A.S.T.1 System. ADVERTISEMENT This significant revenue for April has had a very positive effect on the bottom line with internal accounting showing Net Profit, after depreciation and amortization, of $137,000 for April alone. This superior profit can be attributed to a major increase in gross margins generated from internal production and engineering enhancements in concert with increased unit sales and price increase. We are also pleased to report that the strong April sales results have continued into May with orders received for $288,000 and June (to the 9th) of $125,000 respectively. In recognition of the strong results and anticipation of continued growth, Pyng management has implemented a planned expansion of our production capacity to 3,500 units per month. Michael W. Jacobs, Chairman/Pyng Medical Corp. The Toronto Venture Exchange has neither reviewed nor approved of the contents of this News Release. Safe Harbor Statement: This release may contain certain forward-looking statements including without limitation, projections, assumptions, expectations, product development objectives, commercial introduction, and potential advantages of the F.A.S.T.1™ System. Actual events or results may differ from the Company's expectations as a result of risk factors discussed in Pyng Medical Corp. reports on file with the U.S. Securities and Exchange Commission. Distributed by Filing Services Canada and retransmitted by Market Wire Contact: For further information please contact: Pyng Medical Corp 1-604-303-7964 or visit our web site at pyng.com Source: Pyng Medical Corp. Mail to Friend Email Story Alerts Set News Alert Printer Version Print Story Sponsor Results Retirement Savings Calculators Bankrate.com has all the information and tools to stay on top of your financial life. Money news, retirement savings calculators, cost of living comparisons, quizzes, advice and more. www.bankrate.com AARPmagazine.org - Retirement Calculator Visit the AARP Bulletin and get important news and information for people 50 and over. Plus, try our exclusive Retirement Calculator. www.aarp.org Retirement Calculators Free for Your Use We currently provide calculators for required minimum distributions, 72 (t), and much more. www.nylim.com (What's This?) Related Quotes chart PYNGF.PK PYT.V 0.23 0.43 0.00 +0.07 News News View Detailed Quotes Delayed 20 mins Providers - Disclaimer Related News Stories · Accelerated Increase in Military Demand for FAST1 Expected in Coming Months - Market Wire (Mon Jun 6) · Pyng Medical Corp. Reports Record Sales for Second Quarter - Market Wire (Thu Jun 2) · Pyng Medical Corp. Reports a 50% Increase in Sales, 6 Months Revenues Exceed $1 Million - Market Wire (Wed Apr 6) · Pyng Medical Corp. Delivers to European Distributors - Market Wire (Thu Mar 10) More... · By industry: Health care Top Stories · Warner Music Group's 2Q Loss Narrows - AP (9:50 am) · Stocks Drop As Investors Await Key Data - AP (10:23 am) · Qatar Airways Picks Airbus Over Dreamliner - AP (9:51 am) · Gas Prices Continue to Decline - AP (8:14 am) More... · Most-emailed articles · Most-viewed articles Copyright © 2005 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Ad Feedback Copyright © 2005 Market Wire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.