|
July 22,
2008
KELYNIAM UPDATES FINANCIAL CONDITION
Little Rock, Arkansas--(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. |