ZYTO Corp (Pink Sheets: ZYTC) announced an increase of 65 percent in top
line revenue for year-end 2009, compared to year-end 2008. Total revenue
for 2009 was $3,206,148 (unaudited) up from $1,937,853 (audited)
in 2008.
“The past year has been a significant milestone for us”
According to Kami
J. Howard, CFO, “Our year-end revenue results demonstrate our focus
on marketing and sales efforts, and to our business model of ongoing
subscription revenue. The marketing initiatives we implemented in early
2009 have gained significant traction over the past several months. We
expect our 2010 financial results to be a continuation of those
initiatives.”
“The past year has been a significant milestone for us,” said Dr.
Vaughn R Cook, CEO. “We continue to focus on profitability,
improving our products, exceptional customer service, and internal
systems to manage our growth.”
Each year ZYTO undergoes a full financial audit by an SEC auditing firm.
When asked about the timing for the release of audited financials for
2009, Ms. Howard said, “The final audit report should be available
within the next few weeks.”
ZYTO has sales efforts underway in the United States, Canada, Latin
America, China, South Africa, Australia, and Europe. Sales and
subscription fees are the current primary sources of liquidity. ZYTO’s
sales force is comprised of an in-house sales staff and independent
representatives.