AUBURN, Indiana, November 18, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Perpetual Industries Inc. (OTC MARKETS: PRPI) (“Perpetual“or the”Society), A diversified energy efficient product and technology research and development company, is pleased to report its financial and operating results for the third quarter of 2021.
Highlights of the third quarter of 2021 for the period ending September 30, 2021:
Gross revenue increased by $ 5,142,718 in the nine months ending September 30, 2021, compared to the same period in 2020
Gross profits increased by $ 2,869,103 in the nine months ended September 30, 2021, compared to the same period in 2020
Recorded net income of $ 566,676 for the three months ending September 30, 2021, an increase of 443% over the same period in 2020
Cash reported on a consolidated basis of $ 3,471,679, an increase of 489% over the year ended December 2020.
Total current recorded assets of $ 3,553,323, an increase of 450% over the year ended December 2020.
âOur continued growth is a testament to the strength of our divisions and our commitment to the operational plan of the company,â said Brent Bedford, CEO of Perpetual. âWe see significant opportunities ahead to continue to create sustainable, long-term value for our stakeholders. . “
âOur team achieved another exceptional result in the third consecutive quarter of 2021, demonstrating the successful execution of our business strategies,â said Trip Thomas, Chief Financial Officer of Perpetual.
About Perpetual Industries Inc.
Incorporated in Nevada and headquartered in Auburn, Indiana, Perpetual Industries Inc. (OTC MARKETS: PRPI) is an incubator for the development of new and innovative energy-saving technologies. Our mission is to “perpetuate the industry” by bringing value-added technologies to market. At the heart of the company is a proprietary technology known as XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibrations in rotating equipment to create energy efficient and environmentally friendly products. We are expanding our expertise and knowledge of energy efficient technologies by developing low cost, green energy solutions for a variety of industries, including renewable energy, blockchain mining, artificial intelligence, graphics rendering, l ‘Internet of Things (IoT) and cloud computing, while continuing our research, development and commercialization of XYO technology in key applications.
For more information on Perpetual and its divisions, please visit www.perpetualindustries.com.
Certain statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended; Section 21E of the Securities Exchange Act of 1934; and the Private Securities Litigation Reform Act of 1995; as well as âforward-looking informationâ as defined in applicable securities laws in the United States and Canada. We can use words such as “may”, “would”, “could”, “should”, “,”, “,”,,, believe “,” estimate “,” expect “and variations of these words and similar expressions to identify a forward-looking statement. These statements reflect the Company’s current views and intentions with respect to future events and current information available to the Company and are subject to certain risks, uncertainties and assumptions, including, without limitation: the conditions of closing of the transaction being satisfied, including obtaining all necessary approvals for the transaction. If any factor unexpectedly affects the Company, or if the assumptions underlying forward-looking information or statements prove to be incorrect, actual results or events could differ materially from predicted results or events. Any forward-looking information or statement is expressly qualified in its entirety by this cautionary statement. In addition, the Company assumes no responsibility for the accuracy or completeness of such forward-looking information or statements. The forward-looking information and / or statements included in this press release are made as of the date of this press release, and the Company assumes no obligation to publicly update or revise any forward-looking information, except as required by law. applicable.
For media, press inquiries and further information, please contact:
Perpetual Industries Inc.
E-mail: [email protected]