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AQA Aquacell Technologies

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Share Name Share Symbol Market Type
Aquacell Technologies AMEX:AQA AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

AquaCell Reports Results of Quarter Ended September 30, 2005

15/11/2005 3:07am

Business Wire


Aquacell (AMEX:AQA)
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AquaCell (AMEX:AQA) announced today the results for the quarter ended September 30, 2005. During the quarter, the Company's AquaCell Media subsidiary sold advertising to CBS Television for the new prime-time comedy, "Out-of-Practice" under a campaign titled, "Quench Your Thirst For Comedy", capitalizing on the growing out-of-home sector of the advertising industry. In the quarter, the Company restructured its Aquacell Water subsidiary which, subsequent to the end of the quarter, has generated a significant backlog that is expected to be shipped by the end of December 2005. For the three months ended September 30, 2005 on a consolidated basis, revenues were $169,000 as compared to $199,000 for the similar period of the preceding year. The decrease in sales is primarily attributable to the restructuring of our Aquacell Water subsidiary during the quarter, putting a new management team in place. Net loss on a consolidated basis, attributable to common stockholders, for the three months ended September 30, 2005 increased to $1,146,000 as compared to $877,000 for the same period of the prior year. -0- *T Summary of Operating Results: ----------------------------- Three Months Ended September 30, ------------------------- ------------ ------------ 2005 2004 ------------ ------------ Net revenues $ 169,000 $ 199,000 ============ ============ Net loss attributable to common stockholders $(1,146,000) $ (877,000) ============ ============ Net loss per common share $ (0.06) $ (0.06) ============ ============ Weighted average shares outstanding 19,929,000 14,576,000 ============ ============ *T For a complete report, please refer to our Form 10QSB. About AquaCell Technologies: AquaCell, based in Rancho Cucamonga, CA, through its Aquacell Water, Inc. subsidiary, manufactures products for water filtration and purification. Its products address various water treatment applications for municipal, industrial, commercial, and institutional applications. These applications range from providing purified drinking water to processing water for industrial and commercial manufacturing. Through its AquaCell Media, Inc. operating subsidiary, the Company installs its patented self-filling Aquacell 1000 Bottled Water Cooler Systems free of charge into various locations, including retail establishments. AquaCell Media retains ownership of the coolers, and revenue is generated through the sale of targeted advertising on the band of the cooler's permanently attached five-gallon bottle of products and/or services pertinent to the location, similar to the concept of billboard advertising. Safe Harbor. Statement Under the Private Securities Litigation Reform Act of 1995. Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our ability to continue relationships with customers; our ability to offer our products at competitive prices; our ability to maintain our listing on the American Stock Exchange; and our ability to use the most current technology for our products.

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