Business News
Kyzen Corporation Reports Year End Results
Wednesday 13. February 2008 - Record Revenues; Record Profits
Kyzen Corporation (Pink Sheets: KYZN), a specialty chemical company that is a leading provider of products and processes for precision cleaning applications in high-technology manufacturing environments, today announced results for the year ended December 31, 2007.
For the year ended December 31, 2007, revenues increased by 11% to a record $9.86 million as compared to revenues of $8.84 million for 2006. Net income increased 15% to $951,915, or $0.22 per share, for 2007 versus net income of $830,328, or $0.19 per share, in 2006.
“We are pleased with a second consecutive year of record profits and revenues,” said Kyle J. Doyel, Kyzen’s CEO and President. “Our second consecutive year of double-digit growth in earnings and revenues is a strong indication that customers are choosing Kyzen’s award-winning technology for their operations. We continue to be a leader in our niche of high-technology cleaning and continue to develop innovative products that add value to our customers operations and products on a global scale.”