Business
Pioneering Announces 2010 Third Quarter Results
Pioneering Announces 2010 Third Quarter Results
About this update from Pioneering Technology Corp.
[{"type":"text","content":"\n\n\n\n Aug. 31, 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\n/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\nReports Another Profit in Q3 and its Ninth Consecutive Quarter of Revenue Growth\n\nMISSISSAUGA, ON, Aug. 31 /CNW/ - Pioneering Technology Corp., TSX-V:PTE ("Pioneering" or the "Company"), an energy smart product innovation and consumer goods company, announced its 2010 third quarter results for the period ended June 30, 2010. Detailed results are available on SEDAR (www.sedar.com).\nThe Company continued to grow its top-line during the period, while also investing time, money and resources commercializing new innovative customer need-driven products directed at its existing customer and distribution base. At present, results are driven almost exclusively from Pioneering's Safe-T-element cooking technology business. Sales continue to trend upwards as adoption for this product in its primary channels (affordable, senior's, university and military multi-residential housing) and with key influencers continues to grow.\nDuring the three months ended June 30, 2010, Company business highlights from the MD&A include the following:\n\n >\n\n\nPioneering CEO Kevin Callahan said of the results, "We are very pleased with where the Company is now going. Revenue continues to increase, the Company has been profitable for four straight quarters, we have made significant improvements to our Balance Sheet and we are investing in the business. Most importantly we have real, ownable product innovation in big product categories. Stay tuned because there is a lot more to come."\n\nThe statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to di...