IRVINE, Calif. — Probe Manufacturing, Inc., (OTC QB : PMFI), a global electronics design & manufacturing services company reports eight consecutive quarters of profitability and growth.
Net sales for the third quarter ending September 30, 2011 increased 61% to $1,228,068 compared to $763,561 for the quarter ending September 30, 2010. Operating income increased 380% to $92,820, with a net income increase of 212% over the same period last year. Operating income was up significantly year-over-year. “Sales increased to $3,298,692 for the nine months ending September 30, 2011 an increase of 65% compared to $2,005,237 for the previous year and profitability continues on a strong, consistent pace”, said John Bennett, CFO of PMI. “The core of our customer base in the high tech segments keeps growing steadily and provides a stable stream of revenue. Our overall and streamlining of our operational systems has allowed us to remain competitive in the marketplace, which is reflected in our continued growth and profitability. Our redesigned operational systems, global supply platform and our personnel are delivering results to our bottom line quarter-over-quarter”, said Kam Mahdi, CEO of PMI. Probe Manufacturing, Inc.