D-BOX Technologies announces the highest yearly revenues of its history
D-BOX Technologies Inc, a leader in innovative motion technology, today announced revenues of $8,832,463 for the 2012 fiscal year which ended March 31, 2012 representing a 32% increase when compared to revenues of $6,684,740 for the 2011 fiscal year which ended March 31, 2011.
As of June 19, 2012 in the commercial theatre segment, 159 screens are equipped with D-BOX MFX systems, or are in backlog, in 11 countries;
D-BOX continues to demonstrate its ability to continuously access quality movies in the commercial theatre segment. Since April 2009, 54 movies were obtained internationally including 15 titles since January 1, 2012. Amongst all the movies obtained so far, more than half have ranked no 1 at the box office opening week-end; and The Original Equipment Manufacturers ("OEM") segment gains from the impact the commercial theatre segment is having on the D-BOX brand and shows a revenue growth of 30%. These two segments continue to progress in parallel
Commenting on the yearly realizations, Mr. Claude Mc Master, President and Chief Executive Officer of D-BOX declared: ę Our financial results are steadily improving as we continue our progression in both the commercial theatre and original equipment manufacturers segments. As a result, this situation reflects itself very positively on the funds required by our operations and places us in an excellent position to pursue our growth. In light of the results achieved so far, I can only be very optimistic in regards to the future of D-BOX. Ľ