Gunther International Announces First Quarter Financial Results
Summary
Mr. Perkins added that “the Company believes the current backlog of orders is attributable to the Company’s new Champion platform, which has been well received by the industry.” About Gunther International Founded in 1981 and headquartered in Norwich, Connecticut, Gunther International designs, manufactures and services high-speed production mailing systems to organizations that define professional customer communications as an integral part of their business.This includes insurance, healthcare, financial, utilities, pharmaceutical, service bureaus, government agencies and other companies that have a vested interest in maintaining guaranteed integrity in their mail processing.The Company reported a net loss for the quarter of $188 thousand or ($0.01) per share compared with a net loss of $512 thousand or ($0.03) per share, for the quarter ended June 30, 2007.The Company posts current financial statements and other important information on PinkSheets.com (http://www.pinksheets.com; symbol: SORT.PK), as well as the Company’s own website (http://guntherintl.com).Marc Perkins, President and Chief Executive Officer of the Company stated, “The increase in System sales is due to the significant number of new orders for high-speed assembly systems and upgrades, resulting in a systems order backlog of $10.8 million at July 31, 2008 compared to a backlog of $1.1 million at July 31, 2007”.Mr. Perkins added that “the Company believes the current backlog of orders is attributable to the Company’s new Champion platform, which has been well received by the industry.”About Gunther InternationalFounded in 1981 and headquartered in Norwich, Connecticut, Gunther International designs, manufactures and services high-speed production mailing systems to organizations that define professional customer communications as an integral part of their business.This includes insurance, healthcare, financial, utilities, pharmaceutical, service bureaus, government agencies and other companies that have a vested interest in maintaining guaranteed integrity in their mail processing.