Statmon Technologies Corporation (OTCBB: STCA) is a wireless and fiber infrastructure network management solution provider. The company’s proprietary software application, Axess, and its supporting integration products are deployed in telecoms, media broadcast and navigation aid transmission networks to optimize operations and ensure that the entire network continues to function.
The company recently filed its Form 10-Q with the Securities and Exchange Commission (SEC) for the quarter ended June 30, 2010. Statmon Technologies reported revenues in the quarter of $1,164,276, an increase of 119% over the same quarter last year. In addition, the company reported operating income of $173,228 versus an operating loss of $573,138 in the same quarter the prior year.
Stamon’s chairman and CEO, Geoffrey Talbot, commented: “The quarter ended June 30, 2010 was indeed encouraging. This is Statmon’s sixth straight quarter of revenue growth since the unexpected market meltdown in the quarter ending December 31, 2008 and all of 2009. Statmon’s work in progress and new infrastructure projects…have started to trickle back to us.”
Mr. Talbot continued, “Statmon’s domestic and international sales pipelines continue [to] firm up with projects. In fact, the quarter ended June 30, 2010 was our strongest quarter since December 2006.” He also added that a subsidiary of media giant News Corporation has joined the company’s user group. News Corporation joins other well-known companies including Qualcomm, TimeWarner, Walt Disney, CBS, Clear Channel and PBS.
For more information on Statmon Technologies, please visit its website at www.statmon.com.