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Cleartronic, Inc. (CLRI) Reports Significantly Improved Results for Third Quarter 2009

^{Published on 2009-11-10 05:11:54 - Market Wire}
 

BOCA RATON. FL--(Marketwire - November 10, 2009) - Cleartronic, Inc. (OTCBB: [ CLRI ]), a provider of unified communications solutions through its wholly owned subsidiary VoiceInterop, Inc. ([ www.voiceinterop.com ]), announced its 2009 third quarter results.

Revenues for the three months ended June 30, 2009 were $532,213, as compared to $11,966 in the same period last year. Revenue consists of sales of hardware, software, installation and maintenance and support services.

In addition, revenues for the nine months ended June 30, 2009 were $1,593,395 compared to revenues of $254,555 for the same period a year earlier.

Operating expenses for the third quarter were reduced by more than 60% from those incurred in the third quarter of 2008. In addition, the operating expenses were reduced by almost 50% for the first nine months as compared for the same period last year. Lower operating costs were achieved through more efficient sales and marketing spending and aggressive reductions in administrative expenses.

"Execution of our business strategy continues to work as we head toward profitability," said Larry Reid, CEO of Cleartronic, "Our steadily improving results reflect management's efforts in developing new products and solutions in addition to reducing expenses."

About VoiceInterop

VoiceInterop, Inc., a wholly owned subsidiary of Cleartronic, Inc. (OTCBB: [ CLRI ]), is an application developer, systems integrator, and manufacturer of the patent-pending AudioMate360 IP gateways. The Company provides solutions that enhance risk mitigation and promote operational efficiencies for homeland security, public safety, first responders and business continuity. VoiceInterop is headquartered in Boca Raton, FL, USA. For more information contact Equiti-Trend Advisors LLC at 1-800-585-6988.

Statements contained in this press release which are not historical facts are known as forward looking statements as that item is defined in the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results.