SALT LAKE CITY, Nov. 13 /PRNewswire-FirstCall/ -- Dynatronics Corporation today announced results for its fiscal first quarter ended September 30, 2009.
“Generating our fourth consecutive profitable quarter is gratifying in light of these challenging economic times,” stated Kelvyn H. Cullimore Jr., chairman and president of Dynatronics. “Both sales and net income before tax improved by approximately $300,000 for the quarter ended September 30, 2009, compared to the same quarter of the prior fiscal year.”
Initiatives to drive sales have also been underway. During the quarter ended September 30, 2009, Dynatronics announced a new preferred vendor agreement with Western Rehabilitation Health Network’s 114 clinics. Dynatronics also expanded its direct sales force by 25 percent to 50 sales representatives. “These are only the beginning of our sales expansion efforts,” said Larry K. Beardall, executive vice president of sales and marketing. “We plan to announce additional preferred vendor agreements very soon that will help drive sales to new levels.”
Dynatronics has scheduled a conference call for investors on Friday, November 13, 2009, at 1:30 p.m. ET. Those wishing to participate should call 800-861-4084 and use passcode 9921511.
This press release contains forward-looking statements. Those statements include references to the company’s expectations and similar statements such as the statement regarding expected improvement in economic conditions, additional benefits to be obtained from the launch of the e-commerce system, and the anticipated continuing benefits in future periods from the cost-reduction initiative. Actual results may vary from the views expressed in the forward-looking statements contained in this release. The development and sale of the company’s products are subject to a number of risks and uncertainties, including, but not limited to, changes in the regulatory environment, competitive factors, inventory risks due to shifts in market demand, market demand for the company’s products, availability of financing at cost effective rates, and the risk factors listed from time to time in the company’s SEC reports including, but not limited to, the report on Form 10-K for the year ended June 30, 2009.
CONTACT: Bob Cardon of Dynatronics Corp., 1-800-874-6251, or
+1-801-568-7000
Web site: http://www.dynatronics.com/
