WESTBURY, N.Y., Aug. 18, 2009 (GLOBE NEWSWIRE) -- Bernard L. Kravitz, president of Dionics, Inc. (OTCBB:DION), a semiconductor/micro-electronics manufacturer best known for its high-reliability PV (photo-voltaic) MOSFET-Drivers, announced the Company's filing last week of its SEC Form 10Q report covering the Second Quarter of 2009. "Although the global economic slump has severely cut into new order bookings," Kravitz explained, "we were still able to show some bounce-back in Q-2. We even netted a purely symbolic $100 profit as compared to a loss of almost $65,000 in the previous quarter."
As he looks into the traditionally slow Third Quarter, Kravitz sees the need for "continued cost-cutting, product enhancement and an aggressive search for new growth opportunities." He concluded, "We fully expect to fight our way out of this problem just as we have all previous ones."
Forward-Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein the words "anticipate", "believe", "estimate", "plan", "intend" and "expect" and similar expressions, as they relate to Dionics, Inc. or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects and opportunities to differ materially from those expressed, or implied by these forward-looking statements. Certain of those factors are discussed in the Company's filings with the Securities and Exchange Commission. Except as required by the Federal Securities law, the Company does not undertake any obligations to release publicly any revisions to forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.