Everlert Inc. Reports Significant Highlights of Quarterly Report for the Second Quarter 2014

MONROVIA, Calif., Aug. 20, 2014 (GLOBE NEWSWIRE) Everlert, Inc. (the Company ) (OTC:EVLI), reported its unaudited financial results for the quarter ended June 30, 2014. Below are just a few of the notable highlights reflected in the filing: Highlights for the Quarter Ended June 30, 2014 vs December 31, 2013 & June 30, 2013 The Company s gross margin percentage increased by 6% from 47% for Q2 2013 to 53% for Q2 2014. This is primarily due to the Company achieving a reduction in the cost of its inventory. The Company s cash position at June 30, 2014 was $40.4K, which was $6.2K greater than the $34.2K balance at December 31, 2013. The Company s Accounts Receivables balance increased by $13.2K, from $1.6K in FYE 2013 to $14.8K as of Q2 2014, due to an increase in sales for customers with credit terms. Total Long Term Liabilities decreased by $110K from $1.4M at December 31, 2013 to $1.3M at June 30, 2014, as a result of Management s focus on strengthening the Company s balance sheet an
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