Enhanced Investments - Financial Portal

AirTest Generates Higher Revenues and Lowers Costs

Published: 2023-05-04 16:32:00 ET

Delta, British Columbia--(Newsfile Corp. - May 4, 2023) - ATI AirTest Technologies Inc. (TSXV: AAT) (OTC Pink: AATGF) ("AirTest" the "Company") CEO Ted Konyi is pleased to report that the company has generated $2.39 million of revenue in 2022 representing an increase of 13% percent as compared to 2021. Additionally, over the same period, the Company has successfully reduced operating expenses by $365,072, representing a reduction of 18% as compared with the previous year. Operating loss for 2022 was ($89,753), a reduction of $1.26 million or 93%.

Ted commented, "AirTest has taken a step in the right direction with the improvement in revenues and cost reduction. We anticipate that this trend will continue into 2023. Additional sales efforts, an array of new products with improved margins and further cost-cutting measures should yield profitability for the Company this year. Our focus on energy efficiency for HVAC is meeting significantly increased demand and we should see tremendous growth. We look forward to sharing the positive results with our shareholders."

About AirTest:AirTest Technologies Inc. is a Green-Tech company specializing in Demand Control Ventilation systems that improve commercial building operating efficiency and generate proven energy savings. The Company has developed new wireless sensors with dynamic real-time communication and control technologies, which builds upon ten years of experience and thousands of installations amongst clients such as Lowe's, Shoppers Drug Mart and Ikea. AirTest solutions provide data on levels of Indoor Air Quality required by Schools, Retail Stores and Offices.

For further information, please contact:

Mr. Ted Konyi, CEO

Phone: (604) 225 2209 Fax :(604) 517 3900 Email: ted.konyi@airtest.com Website: www.airtest.com

Legal Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements." Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as "expect", "anticipate", "intend", "plan", "believe", "estimate" and words of similar meaning. Forward-looking statements are based on management's current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include those concerning the Company's belief in the energy savings that can be achieved through installation of the Company's products and that these installations lead to reduced maintenance, downtime expenses, future cost savings, and improvements in the bottom line. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward-looking statements. Risks that may prevent or delay the forward-looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward-looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company's website, www.airtest.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164864

SOURCE ATI AirTest Technologies Inc.

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