LITTLE ROCK, Ark.--(BUSINESS WIRE)--Kelyniam Global, Inc. (OTC:KLYG), an advanced Engineering and Rapid Prototyping Company, is giving guidance on our current financial condition and expected future results.
The company’s most significant expenses to date have been fees involved in becoming a public company and expensing the issuance of affiliate stock. These fees have begun to subside and will become less and less over the course of the next year. Kelyniam recently acquired M2-Systems, which was profitable before the acquisition. With the reduction in corporate operating cost and revenues being generated by our Engineering and Stereolithography divisions, management believes profitability by the end of 2008 will be obtainable on revenues of $900,000 USD.
With the most recent medical contract, and the company’s new and existing client and product base, Kelyniam is expecting earnings of $.07-.09 cents per share on revenues of $1.6 million for 2009. Our profit margins from revenue generated at the corporate division will be between 80-85% because of the insignificant cost of running that office versus running the Manufacturing facility in Connecticut. Overall, the company has positioned itself to operate at what would be considered a high profitability margin in relation to our competitors. These earnings forecast are made based on 10 million shares outstanding, and consider no new additional financing, contracts, or acquisitions will be made over the course of the next year.
Kelyniam is currently seeking suitable financing opportunities and acquisition candidates which will allow the company to grow at a more significant rate and continually add shareholder value.
More information about Kelyniam Engineering can be found by following the links provided on our newly updated website at (www.kelyniam.com).
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended that involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. The forward-looking statements are based on current expectations, estimates and projections made by management. Kelyniam Global, Inc. intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or variations of such words are intended to identify such forward-looking statements. Additional uncertainties and risks are described in Kelyniam Global, Inc.’s most recently filed SEC documents. Copies of these filings are available through the SEC website at www.sec.gov. All forward-looking statements are based upon information available to Kelyniam Global, Inc. on the date hereof. Kelyniam Global, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All figures in U.S. Dollars.
Kelyniam Global, Inc.
Michelle LynRay, 1-800-280-8192
www.kelyniam.com
350.77 (3.70%)
