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ZYTO Corp Reports Net Income for First Quarter of 2012(May 15, 2012)
LINDON, UT -- (Marketwire) -- 05/15/12 -- ZYTO Corp (OTCBB: ZYTC) (www.ZYTO.com).
Today, ZYTO Corp, a Utah-based software company specializing in biocommunication applications, reported net income of $65,823 for the three months ended March 31, 2012, compared to a net loss of $331,152 for the same period last year.
The Company also reported income from operations of $90,283 for the three months ended March 31, 2012, compared to a net loss of $244,976 for the same period last year.
"We entered 2012 stronger and more efficient," said Chairman and Chief Executive Officer Dr. Vaughn R Cook. "Our net revenues increased 34% in the first quarter of 2012 compared to the same period last year. These results reflect the steps we have been taking to strengthen our financial position and secure our long term growth. I am proud of our team and feel optimistic about our long term direction given the growth platforms we have developed."
"We are delighted to report net income for the quarter and strong top line revenue growth," said Kami J. Howard, President and Chief Operating Officer. "Our first quarter performance is encouraging. We believe the Company is on track to sustain profitability and we are looking forward to continuing this progress."
About ZYTO Corp
ZYTO Corp was founded by its CEO Dr. Vaughn R Cook, OMD. The Company designs and builds computer biocommunication technology to facilitate decision making about healthcare and wellness options.
For more information and to receive a copy of the Company's Form 10-Q Report, visit www.ZYTO.com or contact their Headquarters at 801-224-7199.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to marketing and sales activities by ZYTO's marketing partners, ZYTO product development launches, future growth and research, and enhanced value for ZYTO's stockholders are forward-looking statements. Such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the U.S. Securities and Exchange Commission. ZYTO disclaims any obligation or intention to update any forward-looking statement contained in this release.
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