Business
Pioneering Technology Announces Q2 2011 Financial Results
Jun. 1, 2011 (Canada NewsWire Group) -- /NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERIC...
About this update from Pioneering Technology Corp.
[{"type":"text","content":"\n\n\n Jun. 1, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n\nMISSISSAUGA, ON, June 1, 2011 /CNW/ - Pioneering Technology Corp.\n (TSX-V: PTE), ("Pioneering" or the "Company"), an energy smart product\n innovation and consumer goods company, announced today that it has\n recorded its seventh consecutive quarter with an operating profit (or\n EBITDA) of $1,822 in the second quarter of its fiscal 2011 year, which\n ended March 30, 2011.   The Company's unaudited financial statements\n for the quarter, together with its Management's Discussion and Analysis\n of these results, are available for review under the Company's profile\n at www.sedar.com.\n\n\n"The Company is continuing to focus on  developing  a sales resource and\n channel partnership business model that is scaled  for meeting the\n increased demand for our  Safe-T-element product and  capitalizing on\n the initial success of our new Safe-T-sensor product" said Kevin\n Callahan, President and CEO of Pioneering. "The Company is  focused on\n increasing direct sales resources in both the US and Canada, creating\n new end user demand in its traditional social and military housing\n markets, targeting larger channel partnerships with broader\n "feet-on-the-street" sales coverage that are committed to marketing and\n selling the Company's products, developing retail sales opportun...