Improved Sales, Reduced Expenses, and Professional Applications for Novint
Strong sales after first AAA games released
(Albuquerque, NM – July 08, 2009) – Novint Technologies, Inc. (OTCBB: NVNT), the pioneer of 3D Touch for consumer computing, is pleased to announce strong sales of the Falcon during the past two weeks.
Over the past 6 months, Novint has reduced expenses in an effort to streamline the company and its operations. In doing so, Novint has maintained its most critical resources, including key staff, inventory, and Intellectual Property, and did so in order to be well positioned to grow and become profitable.
To further increase revenues and income, Novint also began to once again put effort into high end professional contracts which resulted in, among other things, a joint project with SimQuest to utilize the Falcon in medical applications, which Novint has made great progress on this year. We are continuing to focus on high end professional contracts and expect to continue to expand our revenues in this area.
In addition, Novint continues to work on releasing major video game titles. The first of these titles, contained in Valve’s Orange Box, were released about two weeks ago. The release of these Falcon-enabled games has driven a strong percentage increase in consumer Falcon sales.
“I believe Novint has crossed a threshold where many gamers who see the Falcon want to buy it,” said CEO Tom Anderson. “I believe we are at a point where guerilla marketing efforts and word of mouth will significantly increase our consumer Falcon sales. Combine that with our renewed diversification into the pro-app market, and our expense reductions, and I think Novint is ideally positioned for a very bright future.”
This press release contains statements that constitute "forward-looking statements." Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Factors that may cause or contribute to such differences include fewer sales than expected, changes in industry conditions, litigation, and other risk factors identified in the Company's Form 10KSB filed with the SEC. The Company undertakes no obligation to update these forward-looking statements for revisions or changes after the date of this press release.
US: Marvin Maslow, 917.923.3300
Europe: Herbert Strauss, +43 316 296 316