Ethos Environmental manafactures and distributes a unique line of fuel reformulating products. Their primary objective is to be recognized for their high-quality cleaning and lubricating products which increase fuel mileage and reduce emissions from vehicles.
Today the company announced a net income of $1.01 Million dollars for the first quarter in 2007, which is a 46% increase compared to last year’s $698,033 figure. The revenues experienced a drastic increase from $1,318,925 to $2,697,133 for a 105% increase. The high demand for the company’s products was the main reason for the increase in revenue.
The CEO of Ethos Environmental, Enrique de Vilmorin, stated, “We expect our tremendous growth to continue as sales increase and the sales and marketing strategies are implemented into the targeted markets and we create an understanding and awareness of our technology through proof of performance demonstrations with potential customers.”
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