Business News

American TonerServ Reports Record Revenue Through First Nine Months of 2010

Wednesday 24. November 2010 - Third Quarter Revenue Tops $8.5 Million; $25.4 Million Year to Date

SAmerican TonerServ Corp. (OTC Bulletin Board: ASVP) (ATS), a leader in the highly fragmented $6 billion printer supplies and services industry, reports continued record revenues for the first nine months of 2010 compared to the same period in 2009. The entire 10Q is available at www.sec.gov.
Financial highlights for the 3rd quarter ended September 30, 2010 include:
— Revenue increased 10% to $8,513,838 compared to $7,760,601 reported for
the third quarter of 2009
— Gross profit increased to $2,003,742 compared to $2,000,083 reported for
the third quarter of 2009
— Adjusted EBITDA increased 114% to $130,879 compared to $61,200 reported
for the third quarter of 2009
Financial highlights for the nine months ended September 30, 2010 include:
— Revenue increased 18.3% to $25,428,103 compared to $21,493,092 reported
for the nine-month period ended September 30, 2009
— Gross profit decreased 1.6% to $6,115,177 compared to $6,215,305
reported for the nine-month period ended September 30, 2009
Chuck Mache, CEO of American TonerServ, commented: “It has been our intention from the onset to become the leader of this industry and we are proud of our progress and revenue growth through the first three quarters of the year.”
“While we continue to emphasize increasing sales, we have additionally focused our efforts on implementing cost cutting strategies throughout our headquarters and our subsidiaries. The results of these efforts are recognized through the significant Adjusted EBITDA growth in the third quarter of 2010,” said Mr. Mache.