PRWeb The Leader Press Release Distribution
See How PRWeb Works

We're here to help 1-866-640-6397

Login Create Free Account


All Press Releases for November 21, 2003 Subscribe to this News Feed    
 

KOLORFUSION INTERNATIONAL, INC. ANNOUNCES 51% INCREASE IN 1st QUARTER REVENUE GROWTH

DENVER, Colorado (BW) -- Nov. 19, 2003 -- Kolorfusion International, Inc. (OTCBB: KOLR) announced today its first quarter results and reported a 51% increase in revenue from the previous quarter. Sales were approx. $575,000 as compared to the previous quarter of approximately $382,000 ending June 30, 2003.

KOLORFUSION INTERNATIONAL, INC.
ANNOUNCES 51% INCREASE IN 1st QUARTER REVENUE GROWTH

DENVER, Colorado (BW) -- Nov. 19, 2003 -- Kolorfusion International, Inc. (OTCBB: KOLR) announced today its first quarter results and reported a 51% increase in revenue from the previous quarter. Sales were approx. $575,000 as compared to the previous quarter of approximately $382,000 ending June 30, 2003.

Steve Nagel, President of Kolorfusion International stated, "Our sales team has been working diligently and expect new licensee agreements will be coming on line this quarter and throughout 2004. We look forward to realizing these revenue streams as licensing will continue to generate a significant portion of our overall business. We are nearing positive cash flow, expanding our customer base and feel that the Company is well positioned for growth in all facets of our operation as we head into the next quarter and 2004."

Comparison of sales between this year and the same quarter last year would show a substantial decrease, since last years first quarter sales were approx. $1.1 million, due to a one time exclusivity payment of $750,000 from a licensee Polaris Industries. This year the Company did not have such an event but internally and operationally the growth pattern is on track to surpass last years revenues.

About Kolorfusion

Kolorfusion is the owner of process patents for three-dimensional product decoration. The Company's technology is considered a major breakthrough for product finishing, as the process actually transfers any design with any colors into a product's coating or directly into the plastic or aluminum part itself, no matter the shape. The result is a fully decorated product as durable as the coating or part. Kolorfusion's technology is ultraviolet resistant, cost effective, and safe for the environment. Unlike decals, silk screening, or standard painting, Kolorfusion's patented processes offer a full spectrum of colors, shades, and designs. Kolorfusion generates revenues through processing contracts and long-term purchasing and license agreements with product manufacturers. Kolorfusion has recently introduced additional products and alliances including coatings, dyes and printers and has made strategic alliances with Roland DGA of Japan and Hilord Chemical Company of New York. Kolorfusion continues to expand its licensing of major OEMs such as Polaris Industries, Moen, PSE, DeeZee, Garrity Industries and provide processing for customers such as Daisy, Gerber, Tru-Glo, MasterLock and others.

Visit our website at: www.kolorfusion.com
   
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of the Company in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the Company has no control.

CONTACT: Kolorfusion International, Inc. in Denver, Steve Nagel, 303/690-2910 or Genesis Capital Group, Rhiana Brown, 866/796-8753 rbrown@genesiscapgroup.com

OPTIONS
Printer Friendly Version
Email this story to a colleague
CONTACT INFORMATION
Rhiana Brown
604-796-8753
Email us Here
ATTACHED FILES

There are no multimedia files attached to this release. If this is your release, you may add images or other multimedia files through your PRWeb News Management Console.

ABOUT PRESS RELEASES
If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PRWeb. We will be unable to assist you with your inquiry. PRWeb disclaims any content contained in these release. Our complete disclaimer appears here.