SCOTTSDALE, Ariz., Sep 18, 2006 (BUSINESS WIRE) -- eFoodSafety.com Inc. (EFSF) , dedicated to improving health conditions around the world through innovative products and technologies, announced today that the company reported record revenues in excess of $500,000 for the first quarter ended July 31, 2006, in its Form 10-QSB filed with the Securities and Exchange Commission. These record revenues nearly exceeded the company's revenues for the entire prior fiscal year ended April 30, 2006.
Patricia Gruden, eFoodSafety CEO, stated, "We are extremely pleased to announce record company revenues in the quarter. I believe we have now reached an inflection point and that these tangible results clearly demonstrate that we are now expeditiously moving eFoodSafety and many of its products and technologies from the developmental stage to the marketing stage. Importantly, we have also reduced our debt while maintaining a strong financial position which we anticipate will provide us with sufficient capital to operate all divisions through our next fiscal year."
Gruden further commented, "The strategic initiatives we began in September 2005 when I became president of the company have now clearly begun to show positive results. I am cautiously optimistic that these initial results are only the beginning of many significant strategic steps that will continue to materialize in upcoming months. The company and its divisions, MedElite Inc. and Knock Out Technologies, Ltd., are committed to the continuous development and marketing of its products, including those already announced and new products in the pipeline. We anticipate providing our shareholders with further information on these favorable developments in the near-term as we remain focused on building shareholder value."
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