DALLAS, TEXAS : StockGuru announces that TouchIT Technologies Inc. (OTCBB: TUCN) is in the StockGuru Spotlight. TouchIT Technologies is a leading designer, producer and marketer of touch-based visual communication products. The Company manufactures a large range of touch screen and touch board products containing TouchIT’s proprietary technology to suit all types of applications, from small LCD touch-screens to large interactive whiteboard displays and audience response systems, with applications to several industry segments including education, business, and government.
On Thursday, the company put out news announcing that sales grew 176% in 2010 and the Company continues to post profits. Total revenues for the twelve-month period ending December 31st 2010 reached $3.58 million, a 176% increase from the $2.05 million of revenues reported at the end of the same period of 2009. Gross profit was $1.07 million or 30% of net sales, as of December 31st, 2010, up 375% from $287,027 in the same period in 2009. Total comprehensive income at the end of the year 2010 was $165,178. This compares with a net loss of $262,178 for year-end 2009.
Shares for TouchIT Technologies Inc. were steady during the afternoon of trading on Thursday and closed with no change at closing.
To view the StockGuru Spotlight on TouchIT Technologies Inc. (OTCBB: TUCN), please visit: http://www.stockguru.com/category/latest-spotlights/
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