Vista Sees Positive Net Income in Fourth Quarter
DENVER, CO--(Marketwired - Oct 14, 2013) - Vista International Technologies, Inc. (OTCQB: VVIT), a pioneer in efficient Waste-to-Energy technology, is pleased to give investors an update on its profit expectations for the fourth quarter of 2013.
The Company expects to swing to a fourth quarter profit in 2013 on strong revenue from its gasification operations, coupled with steady performance from its Hutchins tire processing facility. The higher margin nature of the company's Waste to Energy business segment, as well as recently completed upgrades at the Hutchins facility, will add up to increased profitability for the company in the fourth quarter, and moving forward into 2014.
CEO Timothy Ruddy commented on the projections. "The Company is looking forward to a strong finish for 2013 as it continues to perform well in both of its business segments, while also reaping the benefits of the cost cutting measures that have been in effect over the past 18 months. The Company will have significant momentum as it heads into 2014, a year which will be marked by expansion into several new markets."
Vista International Technologies, Inc. has been producing Waste-to-Energy gasification systems for over twenty years, with installations across three continents. The Company's technology has low costs of installation and operation, and allows for the processing of virtually any hydrocarbon-based waste product, including municipal solid waste, waste tires, waste coal, sewage waste, and biomass, among others. The company's Waste-to-Energy systems are emission friendly and extremely efficient, and can be used to produce heat, steam, and/or electricity.
For more information, please call 303 690 8300, or email us at info@vvit.us.
