Egshares EM Dividend High Income Etf (AMEX:EMHD)
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Company Generates an Estimated $80,000 in Positive Cash Flow for the Month of February 2008
SCOTTSDALE, Ariz., March 4 /PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN BOARD: EMHD) , maker of XenTx(TM), Synergyn(TM) and other engine treatment and fuel efficiency products, has today announced record monthly revenues of $453,000 for the month of February 2008, which represents a 295% increase in sales from the previous month and an increase of 338% over the prior quarter's monthly average. In addition, the Company is pleased to announce that it has generated $80,000 in positive cash flow (for February 2008), the first time this has been achieved in Company history. The explosive revenue growth is mainly attributable to significant new orders for all of the Company's products and macro-trends (i.e. $100 oil prices, legislation on pollution emissions) that enhance the importance of fuel efficiency initiatives.
The Company continues to experience strong demand for its core products and anticipates significant revenue and earnings growth moving forward. The Company is cautiously optimistic that it can generate monthly revenue exceeding $1,000,000 in the first fiscal quarter of 2009, ending June 30, 2008. Income from operations for the month was approximately 21%; income from operations should improve as production continues to ramp up.
In February 2008 the Company announced the completion of a $1.1 million private placement with accredited individual and institutional investors. This private placement provided the Company with sufficient funding to invest in raw materials, therefore enabling it to fulfill vast new customer orders. In addition funds are now available to complete the last phase of independent laboratory testing for its low emission diesel fuel catalyst (CB-LE). When these tests are completed, the Company expects its monthly revenue growth to increase by an additional $2,000,000 by the end of fiscal year 2009 ending March 31, 2009.
EMTA Chief Executive commented on the February 2008 results, "After many years of development and more than $8 million in investment capital, our products are gaining significant market share both in the United States and abroad. We strongly believe that the Company's revenue and earnings growth are sustainable and management has worked extremely hard to insure that our production capacity can ramp quickly enough to fulfill customer orders. The Company's future has never been brighter and we greatly appreciate the continued support from our shareholders."
About EMTA Holdings
EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN BOARD: EMHD) develops and manufactures innovative products to conserve energy, particularly for petroleum-based fuels. The Company's engine and fuel additives are marketed under the brands XenTx(TM), Synergyn(TM), CleanBoost(TM) and Fusion Lubricants brands, and are sold both to commercial and retail customers. They are available from key distributors, major automotive retailers and online at http://www.emtacorp.com/store. For additional information on EMTA products, please visit http://www.xentx.com/.
Forward-Looking Statements: This press release discusses certain matters that may be considered "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, including statements regarding the intent, belief or current expectations of EMTA Corp. ("the Company") and its management. Prospective investors are cautioned that any such forward- looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statement filed with the Securities and Exchange Commission.
CONTACT:
Carla Hintz
The Wells Group, Inc.
480-391-7400
Or
Paula C. Wright
VP IR/PR/Media
EMTA Holdings, Inc.
480-607-0251
DATASOURCE: EMTA Holdings, Inc.
CONTACT: Carla Hintz of The Wells Group, Inc., +1-480-391-7400,
, for EMTA Holdings, Inc.; or Paula C. Wright, VP
IR|PR|Media of EMTA Holdings, Inc., +1-480-607-0251,
Web site: http://www.emtacorp.com/
http://www.xentx.com/