Perth, Jan 11, 2006 AEST (ABN Newswire) - QRSciences (QRS: ASX) (QRSHY: PK), a developer of advanced sensing technologies today announced the company's half yearly revenue increased from $ 375,000 to approximately A$ 1,300,000 (up 247%) over the corresponding period last year.
"Our expectation is that there will be a continued upward trend in revenue growth in the short to mid term, reflecting a very interesting growth stock opportunity for investors." said QRSciences CEO, Mr. Kevin Russeth.
This year should be a banner year for the company as its two technologies begin selling in the market. Combined with strong growth from contract R&D and consulting, on top of the synergies that the company will realise from its investment in Spectrum San Diego and its distribution relationship with XTEK, it is well positioned for solid and continued growth.
"The number one priority to grow shareholder value in 2006 is revenue," added Mr. Russeth.
"Success for us this year will be measured in the culmination and delivery of a number of proposed sales, research contracts and licensing proposals that the company is currently progressing around the world." Mr. Russeth concluded.
Contact
Jennifer Zimmons
Strategic Growth
New York, N.Y.
Tel: +1(212)838-1444
Warrick Hazeldine
Purple Communications
Perth, Australia
Tel: + 61 (0) 8 9485 1254
Mob: +61 (0) 417 944 616
Kevin Russeth
QRSciences
San Diego, CA
Tel: +1(858)345-1095
Australia: +61 (0) 8 9351 1200
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