Business
Covalon Announces Financial Results for its Third Fiscal Quarter
Covalon Announces Financial Results for its Third Fiscal Quarter
About this update from Covalon Technologies Ltd.
[{"type":"text","content":"\n\n\n\n Aug. 23, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nMISSISSAUGA, ON, Aug. 23 /CNW/ - Covalon Technologies Ltd. (the "Company" or "Covalon") (TSX-V: COV), an advanced medical technologies company, today announced the following financial results for its third fiscal quarter ended June 30, 2010:\n\n\n >\n\n\nBrian Pedlar, Covalon's Chief Executive Officer stated, "I am satisfied that our quarterly results show financial improvement including revenue growth and increased cash position. Just as important, I am extremely pleased with the improvements in the day-to-day operations of Covalon over the past quarter. We have made great strides in working more cohesively as a team. Our talented scientists continue to innovate, creating some truly impressive new technologies in our lab. These new market-driven technologies are attracting a great deal of interest from both existing and potentially new medical industry clients. I am very pleased with our change in focus and very optimistic about seeing the value of these new relationships positively impact our financial results going forward."\n\nAbout Covalon\n\nCovalon Technologies Ltd. is a unique medical technologies company engaged in the research, development, and commercialization of advanced tissue repair applications, infection control, and specialized coatings for medical and consumer products. Together, our technology platforms, wound care products, and consulting services deliver a suite of cost-effective solutions to help our customers achieve product differentiation through improved patient outcomes. Our technologies address important healthcare issues such as infection control, medical device biocompatibility and healthy tissue repair. To learn more about Covalon, visit our website at www.covalon.com\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) acce...