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August 14, 2007
Dear Shareholder:
I am very pleased to announce this quarter’s result which has yielded the first profit in the Company’s history. At the end of the quarter in March of 2007, ESW’s management team was charged with the mandate to meet both sales and profit margins in the second quarter. Each department responded to the challenge with determined enthusiasm. The net result of these efforts has taken our Company from what we believe was a good first quarter, to what we believe was an excellent second quarter. What you, the shareholders, are witnessing is the culmination of efforts from a determined management team driving a solid foundation and infrastructure which has been built over the past years. Moving forward, our team efforts will intensify as we bring to fruition the many opportunities that continue to present themselves into our model.
We are currently working very closely with the US Military on a number of very exciting projects which we hope to announce in the near future. We also continue to demonstrate our product lines with our partners and distributors in a number of very important on-road and off-road programs. It is our belief that these programs will have very positive impact on the bottom line as we move forward. 2007 annual sales are still on target to reach a minimum of $9 million, not including the multitude of potential opportunities currently in process.
I am also very pleased to announce that we have launched our new website
showcasing our military portfolio of products and services. This comprehensive
website will present the new technologies that we are currently working
on for NATO Military groups. As well, the site will also serve to provide
the community with information on the Company’s news and relationships
as they develop.
For further information, please visit: www.eswmilitarytech.com
Second Quarter 2007 Results
Revenues for the second quarter of 2007 were $3,200,422 compared
to $160,573 for the second quarter of 2006, constituting an 1893% increase
over the same period last year. The Company reported a net profit of $663,879
in the second quarter of 2007 compared with the loss of $1,401,759 in
the second quarter of 2006. The gross profit was 68.3% for this quarter
representing an overall increase of $2,163,459 over the same period last
year.
Yours Very Truly,
David J. Johnson
President - CEO
Environmental Solutions Worldwide Inc
Safe Harbor
Any forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (The “Act”) including such words
preceding discussion such as “pleased” “plan,”
“confident that,” “believe,” “expect,”
or “intend to,” and similar conditional expressions are intended
to identify forward looking statements within the meaning of the Act and
are subject to the safe harbor created by the Act. Such statements are
subject to certain risks and uncertainties and actual results could differ
materially from those expressed in any of the forward-looking statements.
