Vancouver, BC, Canada - (October 21, 2004) - Carmanah Technologies Corporation (TSX VE: CMH; Berlin and Frankfurt Stock Exchanges: QCX), is pleased to announce its second quarter results for the three months ended June 30, 2002. Highlights for the quarter are as follows:
Revenue up 86% over Q2 2001 to $1,513,733
Profit of $31,140
Revenue growth (86%) outpaced expenditures (44%)
Unit sales were up 72% to 10,783 for the first half of 2002
Gross profit reaches a record 58% as direct sales increase
Investments into developing new markets continues
SUMMARY OF RESULTS FOR 2002
3 Months Ended June 30
Carmanah recorded a record $1,513,733 in revenues.