Bioshaft Water Technology, Inc. Announces Financial Results for the Quarter Ended January 31, 2014

Reports Its Financial Results for the Quarter Ended January 31, 2014

Long Beach, CA (PRWEB) March 22, 2014

Bioshaft Water Technology, Inc. reported its financial results for the three and nine months ended January 31, 2014.

Bioshaft Water Technology, Inc. (the "Company" or "Bioshaft") recorded revenues of $1,731,477 during the nine months ended January 31, 2014 as compared with revenues of $408,753 during the nine months ended January 31, 2013, an increase of $1,322,724 or 324%. The increase in revenues during the current nine month period is a result of Bioshaft showing the ability to successfully design and install it products, in addition to Bioshaft, expanding its relationships with domestic and international distributors who have increased the awareness of Bioshaft's products.

"These are exciting times at Bioshaft, moving forward through 2014, we have completed the installation of a few Bioshaft waste water systems and established key relationships with distributors both domestically and international, which has increased the awareness of Bioshaft's products. Additionally, we feel that the state-of-the-art sustainable technology used within our products will help lead Bioshaft into the future as we have found our technology is the perfect fit for all sizes of customers all over the world," said Bashar Amin, Chief Executive Officer of Bioshaft, who has a leading role in developing the technology from the lab to the real world.

Bioshaft is based in Southern California, and specializes in design and manufacturing of products in which remove water soluble organic compounds from both Industrial and Domestic Wastewater. Typical uses of Bioshaft's products include waste from households apartment complexes, labor camps, resorts, etc. Bioshaft's technologies enable industries with a range of medium to high strength wastewater to economically treat a variety of complex contaminants while achieving excellent bio and chemical oxygen demand reductions for discharge to publically owned treatment works and/or DPDES. The BioShaft System is a natural process that uses a sophisticated biofilm attached to an aerobic system in which utilizes naturally occurring microorganisms in the waste stream to rapidly breakdown, consume and ultimately remove up to 95% of the sludge. For product, press release, financial and other information, please visit Bioshaft's website, http://www.bioshaft.com.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act:
Statements in this news release may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934, including words like "expect", "may", "could" and others. Such statements may involve various risks and uncertainties, some of which may be discussed in the Company's current Form 10-K Report and subsequently filed SEC reports. There is no assurance such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Contact information:
ir(at)bioshaft(dot)com
111 West Ocean Blvd, 4th Floor
Long Beach, CA 90802
Phone: (562) 216-8043
Fax: (562) 684-4258


Contact

  • Sonya Joyce
    BioShaft Water Technology Inc.
    +1 (562) 216-8043
    Email

Past News Releases Group Rss Subscribe