Tuesday, May 6, 2014

Everlert Inc. Announces Record Growth and Highlights of Annual Report for Fiscal Year 2013

MONROVIA, Apr 23, 2014 (GLOBE NEWSWIRE via COMTEX) -- Everlert, Inc. (the "Company") (OTC:EVLI), reported its unaudited financial results for the year ended December 31, 2013. Below are just a few of the notable highlights reflected in the filing. Highlights for the Year Ended December 31, 2013 vs December 31, 2012 -- Net Revenue increased by approximately 224% or $466K compared to 2012. -- Of the Company's $5.4M Accumulated deficit, $4.1M was attributable and separately classified in the balance sheet as being related to discontinued operations, meaning the continuing operations only resulted in a $1.2K accumulated deficit. -- The Company's Accounts Receivables balance decreased by $19.7K, from $21K in 2012 to $1.6K in 2013, representing management's higher success rate in collecting receivables.
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