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Eco-Safe 2007 Certified Audit Profitable
Tarzana, CA - (WORLD STOCK WIRE) - May 20, 2008 -- Eco-Safe Systems USA, Inc. (OTC PINKSHEETS: ESFS) is reporting that the CPA firm of Mendoza-Berger has today delivered the second Eco-Safe Certified Audit to a delighted Eco-Safe President, Michael Elliot.
Mendoza-Berger specializes in rapidly growing public companies. The audit shows Eco-Safe is again profitable for the year 2007, its second year in operation, after more than five years of research and development.
Michael Elliot, President of Eco-Safe Systems USA, Inc., said, For 2007, Shareholder Equity has more than doubled, total assets increased more than 272%, and our cash and accounts receivables have more than tripled. Since Eco-Safe is a non-reporting company, we did not need to commission this audit, and few companies in our position would do so. However, Eco-Safe ordered this independent audit to provide our shareholders and bankers with the most accurate information possible.
We now have 11 units on demonstration with some of the strongest names in the supermarket industry. Given our past conversion ratio of 86% from demonstrations to sales, we can expect significant increases in all areas in 2008.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Michael Elliot Eco-Safe Systems USA, Inc. 19528 Ventura Blvd Tarzana, CA 91356 USA
Phone: 800-649-1434; email: melliot@ecosafesystemsusa.com Fax: 818-255-3955
Source: Eco-Safe Systems USA, Inc. Note: The following press release was submitted by: Eco-Safe Systems USA, Inc., and World Stock Wire, Inc. is not liable for the contents of this press release.
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