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XFormity Technologies, Inc. Announces Year Ending June 2009 Results with Record Revenues and Profits

Wed. September 30, 2009; Posted: 07:00 AM
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DALLAS, Sep 30, 2009 (BUSINESS WIRE) -- XFMY | Quote | Chart | News | PowerRating -- XFormity Technologies, Inc. (OTCBB: XFMY), a leading provider of technology services to multi-unit restaurant organizations, reported its financial results for its fiscal year ending June 30, 2009. Revenues and profits continued to grow at a record pace.

The Company reported revenues for the year of $1,978,231 a 36% increase over the year ending June 2008 revenue of $1,457,884. "We are very pleased with the direction of the company and with our continued revenue growth" stated Chris Ball XFormity's CEO. There was also a significant improvement in net profit, with the annual net profit of $786,508 a 162% increase over the year ending 2008 net loss of $1,268,984

"In addition to demand for our core reporting services we are seeing increased interest in our Balanced Scorecard and Financial Benchmarking solutions. Over the past 6 months we have seen increased interest from both franchisees and franchisors across many different brands. We also continue to receive an overwhelming response and very positive feedback on our recently released Cash Management solution. We now have this solution deployed to over 1,200 restaurants," says Ken Johnson XFormity's VP of Sales & Marketing.

"As we move forward into the second 1/2 of 2009 we continue to see significant demand for our solutions. Our pipeline continues to stay strong and expect to announce several new large contracts during the next few months. We continue to receive inquiries from numerous food-service organizations that are looking to develop increased visibility into their restaurant operations," commented Chris Ball CEO of XFormity. Mr. Ball, added, "We now have our Business Intelligence and Balanced Scorecard solutions deployed in nearly 11,000 restaurant locations. We look forward to surpassing the 11,000th restaurant deployment."

About XFormity Technologies, Inc. - www.xformity.com

XFormity Technologies, Inc. is a technology service provider to multi-unit business operators with solutions that provide polling services, business intelligence, balanced scorecards, benchmarking toolkits, data integration, and best-practice management tools. XFormity's hosted suite of solutions provide management personnel access to key performance information which helps detect and control loss of cash and product. XFormity's low up-front cost model provides customers with an immediate return on their investment. More information about XFormity is available at www.xformity.com.

Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.

SOURCE: XFormity Technologies, Inc.

XFormity Technologies, Inc. 
Ken Johnson, 214-693-4188 
ken.johnson@xformity.com
For full details for XFMY click here.

    


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