Carmanah Attains Profitability

August 15, 2002 [] Carmanah Technologies Corporation announced that its second quarter results for the three months ended June 30, 2002 showed revenue up 86 percent over Q2 2001 to US$1,513,733. Profit of US$31,140. Revenue growth outpaced expenditures (44 percent.) Unit sales were up 72 percent to 10,783 for the first half of 2002. Gross profit reaches a record 58 percent as direct sales increase. Investments into developing new markets continues.
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