OxySure Systems Reports 11th Consecutive Quarter of Sales Growth for 1st Quarter of 2015 - Video News Alert on InvestmentPitch.com

May 20, 2015 10:30 AM EDT | Source: InvestmentPitch Media

Vancouver, British Columbia--(Newsfile Corp. - May 20, 2015) - OxySure Systems (OTCQB: OXYS) released results for the 1st quarter ended March 31, 2015, reporting the 11th consecutive quarter of sales growth. OxySure, a global leader and medical device innovator, pioneered a solution to produce medically pure oxygen from inert powders, making the provision of emergency oxygen safer, more accessible and easier to use than traditional oxygen provision systems.

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Revenues for the quarter were $625,000, an increase of 75% over the $356,000 reported in the first quarter of 2014. The fully burdened gross margin on the revenues was 46.2%, up approximately 4% from the comparable quarter, with replacement cartridges as a percentage of the Model 615 installed base increasing to 45%.

During the quarter, the company successfully extinguished all the capital leases and long term debt.

As part of the company's stated goals for 2015 to increase awareness of the company's technologies and products, the company implemented significant television and online marketing campaigns, thereby increasing sales and marketing expenses by $377,000 to $465,000. Marketing, along with increased staffing in sales, manufacturing, and engineering contributed to the loss for the quarter of $0.05 from the previously reported $0.01 per share.

OxySure continued its expansion, hiring territory managers in several key markets across the U.S., including Michigan, Arizona, Texas, Georgia, Colorado and Pennsylvania.

Julian Ross, OxySure's Chairman & CEO, stated: "We ended the quarter with a robust 75% growth rate, and our growth plan for 2015 remains on track. We have also kicked our awareness building process into high gear, and early results have been remarkable. We believe our strategy, as well as our continued focus, tenacity, and hard work are paying dividends, and there is a new and exciting momentum building."

Management expects to add new products to the company's catalog during 2015, with an emphasis on innovation and unique products that are complementary with the existing portfolio of products targeting the emergency/short-duration oxygen market and the pre-hospital medical emergency market in general.

The shares are trading at $0.67, and with 29.6 million shares outstanding, the company is capitalized at $19.8 million.

For more information, please visit the company's website www.oxysure.com.

In Canada, investor relations is handled by Bettina Filippone of Renmark Financial Communications, who can be reached at bfilippone@renmarkfinancial.com.

In the US, please contact Jon Cunningham at Redchip Companies, who can be reached at jon@redchip.com.

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