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April 21, 2009 - GelTech Solutions, Inc. (OTCBB:
GLTC) is pleased to announce
record quarterly revenues for the third fiscal quarter ended March 31, 2009. The
Company generated revenues of FireIce and RootGel of $202,549 and $85,699,
respectively, for the third quarter, representing total quarterly revenues of
$288,248. On a sequential quarter-to-quarter basis (Q3 compared to Q2), FireIce
and RootGel revenues were up 32,051% and 295% respectively, and total revenues
increased by 1,191%. Comparing third quarter revenues 2009 to fiscal first
quarter 2009, revenues of FireIce and RootGel increased 794% and 80%
respectively, with an overall growth of 310%.Michael Cordani, CEO of GelTech
Solutions, stated, "We are excited to announce our record growth in revenues.
The enormous efforts of our GelTech team are beginning to bear fruit. Based on
previously announced agreements, in addition to other potential opportunities in
the pipeline, we expect to announce improved results in the next quarter."
About GelTech:
GelTech Solutions creates innovative, Earth-friendly, cost-effective products
that help industry, agriculture, and the general public accomplish environmental
and safety goals, such as water conservation and the protection of lives, homes,
and property from fires and other dangers. GelTech's dedication to finding
global answers to common problems touches its current products and its
development pipeline of new and promising innovations.
GelTech markets and sells innovative proprietary products including:
* FireIce®, a patented powder that extinguishes fires, including wildfires;
* RootGel™, a solution to today's drought challenges. RootGel™ is a
moisture-retentive soil conditioner that decreases the need for water. RootGel™
is ideal for golf courses, lawns, tree and sod farms, and nurseries; and
* SkinArmor™ is a trademarked product of GelTech Solutions.
Contact:
Web Site:
http://www.geltechsolutions.com.
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