Connectyx Preliminary Financial Results for 2009
PALM CITY, Fla., Feb. 2 Connectyx Technologies Holdings Group Inc. (Pink Sheets: CTYX) is pleased to announce its preliminary earnings for 2009. Total revenue has increased year over year by 23% to $470,689.05 and decreased its operating loss by 17% to ($393,902.74). We have improved our financial performance significantly and continue on our path of revenue growth and improving margins. On a comparison basis, revenues were $470,689.05 for the year ended December 31, 2009 vs. $382,067.72, for the same period in 2008, an increase of $88,621.33. The Company has sustained a loss of ($393,902.74) for the year ended December 31, 2009 as compared with a loss of ($478,204.08) for the same period in 2008, an improvement of $84,301.34. Management has retained Marcum & Associates to initiate the financial audits for 2009, which will begin over the next 45 days, and could change the financial results as reported above. This will result in an upgrade of our financial reporting status from "Non Audited" to "Audited" for fiscal year 2009 and beyond.
Business Highlights for 2009:
MedFlash® continues to gain momentum and we are encouraged by the improving growth rate we have observed over the year. All indications are that revenues will continue to grow and we are off to a strong 2010. Further, the Company was granted registration by the United States Patent and Trademark Office for the MedFlash mark in December. Our list of accomplishments is not limited to our improved financials and increasing sales of MedFlash. We were able to attract some significant talent to our management team.
Dr. Bob Arnot joined Connectyx in late 2009 as our Chief Knowledge Officer. Dr. Arnot is one of the most recognized figures in medical journalism. His broadcast career has included: Chief medical correspondent for NBC News, (including Dateline, the Today Show and the NBC Nightly News), and chief foreign correspondent and special foreign correspondent for MSNBC News. Dr. Arnot was health correspondent for CBS News (including CBS Evening News, CBS This Morning and CBS Morning News). He has also been featured in national television specials on international health and humanitarian topics for Discovery Health, Discovery Military, PAX, the ABC Family Channel, BET and FOX. His present date series of educational videos are among the most watched on YouTube. His broadcast accomplishments have earned him an Emmy Award and two Emmy nominations.
Connectyx is actively working to achieve the necessary financing to commence a national advertising campaign featuring Dr. Arnot.
On a distribution, marketing and sales relationship basis; Connectyx has partnered with Drugstore.com, All One Mobile, PharmaLink, Inc., LifeLock, and many others. We have started 2010 strongly by announcing partnerships with the NBA's Orlando Magic, Shriners International, Walgreens, and Daytona 500 winner Derrike Copes NASCAR team. We plan to announce other significant partnerships in the near future and believe that our prospects for significant growth are brighter than ever.
About Connectyx Technologies Holdings Group Inc.
Connectyx Technologies provides unique products for the healthcare market including, MedFlash, the electronic Personal Health Manager (PHM). Compatible with Google Health and Microsoft's Health Vault, The MedFlash PHM is an easy to use Personal Health and Lifestyle Manager that is accessible using a powerful web portal suite. The MedFlash PHM also features a 24/7/365 call center, a USB flash drive and our (soon to be released) smart phone applications. The MedFlash PHM provides member benefits including instant access to your Emergency Medical Profile and Personal Health Record in the event of an accident or a medical emergency. Whether traveling, at work, or at home, First Responders have an invaluable advantage when they have access to this time critical information. Far more than just an emergency flash drive, The MedFlash PHM can be accessed on any computer, securely and with complete privacy. There are also lifestyle and wellness features that provide significant health benefits to members and risk mitigation for employers and insurers alike.
MedFlash members arrive at their Doctors offices with their paperwork pre-printed and ready to go. Insurance information and advance directives are available at a moment's notice through Instant Medical History, a leader in patient interview software and a MedFlash PHM technology partner. Prescriptions can also be listed for the physician's reference. Those are just a few of the time saving and risk mitigation features the MedFlash PHM provides. Connectyx products are developed with the needs of Patients, Families, Doctors and First Responders in mind. For more information, please visit our websites at: www.connectyx.com and www.medflash.com
Safe Harbor Act:
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this communication.
SOURCE Connectyx Technologies Holdings Group Inc.
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