American Multiplexer Corp. First Quarter Results Shows First Time Revenues
American Multiplexer Corp. (OTC:AMUT - News) announced today that it had achieved its first ever quarter revenue of $154,000 from its eFotoXpress software product.
SUNNYVALE, CA (PRWEB) April 2, 2004 -- American Multiplexer Corp. (OTC:AMUT - News) announced today that it had achieved its first ever quarter revenue of $154,000 from its eFotoXpress software product. The revenue is the first the company has ever received. The company expects that the gross profit from the sales will be approximately 70%. The sales were made directly or indirectly to major brand electronic and technology retailers. Some of the retailers that are currently selling eFotoXpress are Amazon.com, Yahoo! store, ABS Computer, J and R Music, Ray Photo Supply, Tiger Direct, Orbital Comics (London), Beach Camera, Impact Camera (Australia), Hyuboo (Korea) and several smaller retail outlets within the USA.
The company expects to sign on with CompUSA within the next two weeks.
Edward Tan, CEO of AMC said, "The past 12 months have been a critical period for the company. For many years the company was focused on R and D on IP Multicast technology. But recently we changed direction and have now successfully produced a top-selling product. Furthermore, the company has developed critical sales and distribution alliances while also achieving a significant reduction in monthly expenses. These combined factors will result in significant continued growth in revenue and profitability. The response from the market place has been extremely positive, and we are experiencing strong demand for the product. Based on this information, 2nd quarter revenue is expected to be significantly higher than 1st Quarter."
AMC's recent release of Version 1.4 has been very well received by end users. Version 1.4 has several new features, including the ability to print photos using various choices of print sizes, and store them in any folder of choice. Each picture can now be deleted individually by simply highlighting it and clicking "Delete." Each picture can now also carry a 10-second voice message -- making this product an extremely useful tool for e-mailing photos. The new slide show feature allows eFotoXpress users to create their own customized talking slide show. The talking slide show images are compressed and can be emailed in one easy step.
The company now sells eFotoXpress in protected CDs and downloadable cards as well.
About eFotoXpress
eFotoXpress is a software utility that uses wavelet compression technology and the new JPEG2000 standard to easily compress very large images so that they may be sent by e-mail without any loss in quality. eFotoXpress is the first product that uses the new JPEG2000 standard so that compressed images may be sent via e-mail. New eFotoXpress features include talking slide show and text images and choices of print sizes. A large 80m image can easily be compressed to 80K without loss of quality.
The eFotoXpress product is an easy-to-use photo utility that compresses images with highest possible efficiency. The digital images can be sent to many different recipients with one click of button. This product is designed to compress any high-resolution JPEG images from different digital cameras, scanners and camcorders. eFotoXpress works with many email utilities, such as Microsoft Outlook, Yahoo! and Hotmail. This utility will allow digital camera users to send more digital pictures over the Internet at a greater speed through the use of highly integrated compression technologies.
About AMC
Located in Sunnyvale, California, AMC (a publicly traded company) is a major leader in developing JPEG2000 consumer products. The company continues to invest its resources in the compression technology that addresses the digital camera market and video streaming market.
Visit us at www.amux.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are based on current plans, estimates and projections and contain risks. Do not place reliance on them. Other factors can change these forward-looking statements and may lead to potential risks and total losses. Consult your investment advisors before making any investment in the stocks. The company is not responsible for any inaccuracies.
Contact:
AMC
Edward Tan, 408-730-8200 Ext. 100
Edward.tan@amux.com
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