Medworxx Solutions Inc. Announces Record Revenue and Net Income; Files First Quarter 2011 Financial Statements and Management Discussion and Analysis

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[{"type":"text","content":"\n\n\n Jun. 29, 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\nTORONTO, June 29, 2011 /CNW/ - Medworxx Solutions Inc (the\n "Company")(TSX VENTURE:MWX) announced today that it recorded record\n revenue and net income in the quarter ended March 31, 2011, and that it\n has filed with the Canadian securities authorities its interim\n consolidated financial statements and management discussion & analysis\n report for the three month period ended March 31, 2011. These documents\n may be viewed under the Company's profile at www.sedar.com.\n\n\nHighlights of the results include:\n\n\n\nThe Company achieved record revenue for the quarter ended March 31, 2011\n of $1,189,569, representing an increase of 8% over revenue of\n $1,099,246 in the same quarter last year. The increase is attributable\n to growth across all areas of the business.\n\n\n\n\nThe Company generated its highest recorded quarterly net income in the\n quarter. First quarter net income was $92,788 vs. net losses of $70,148\n for the same quarter in the prior year. This improvement in results of\n operations is due to the Company's focus on growing revenue and tightly\n controlling expenses.\n\n\n\n\nTotal expenses before loss/gain on foreign exchange and interest on\n long-term debt for the quarter ended March 31, 2011 were $1,044,211,\n representing a decrease of 2% from expenses of $1,067,243 in the same\n quarter last year. These numbers reflect Management's planned control\n of expenses.\n\n\n\n\nEBITDA ...

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