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Immunotec Reports 1st Quarter Results: 11% Increase In Revenue

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Immunotec Inc. (IMM), a direct-to-consumer company and a leader in the nutritional industry (the “Company” or “Immunotec”), today announced its consolidated financial results for the first quarter of Fiscal 2015.
All amounts in this press release are denominated in Canadian dollars unless otherwise indicated.

“We are pleased to report an 11% increase in revenues over the first quarter of the previous year,” said Mr. Charles L. Orr, Chief Executive Officer. “Also, Operating Income, EBITDA and Net Income all increased by 69%, 47% and 12% respectively, over the same period in the prior year.
Our employees and consultants demonstrated exemplary teamwork to work through challenges in the opening months of the fiscal year” concluded Mr. Orr.

Performance Highlights
Revenues for the three-month period ending January 31, 2015 reached $17.9M compared to $16.2M in the same period

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Immunotec Announces End Of Year Financial Results: Revenue Increased Over 47%

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Immunotec Inc. (IMM), a direct-to-consumer company and a leader in the nutritional industry (the “Company” or “Immunotec”), today announced its year-end consolidated financial results for Fiscal 2014. All amounts in this press release are denominated in Canadian dollars unless otherwise indicated.

“We are pleased to report record full-year revenues and Adjusted EBITDA(1) in Fiscal 2014 fuelled by solid growth in our activities outside of Canada and operational leverage,” said Mr. Charles L. Orr, Chief Executive Officer. “We are currently addressing some challenges related to our recent implementation of value-added taxes (VAT) in Mexico.
More importantly, a growing number of consultants and customers throughout the world are experiencing the tangible benefits of Immunotec’s products and the business opportunities provide by our business model,” concluded Mr. Orr.

PERFORMANCE HIGHLIGHTS
Fiscal 2014 consolidated revenues increased 47.5% over the same period last year to $80.8M. This increase was recorded consistently throughout the year in both Mexico and the rest of North America, totalling 92.9% and 12.9%, respectively.
Sponsoring, defined as the number of new Consultants and Customers, increased 85.2% over the same period last year to nearly 64,000 in Mexico while the rest of North America, increased 26.7% to nearly 20,000.
About Immunotec Inc.
Immunotec is a Canadian-based Company that

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Immunotec Expanding, Opens New Sales Office In California

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Immunotec Inc. (TSX VENTURE:IMM) is proud to announce the opening of its new Sales Office in Commerce, California, U.S.A. With the considerable growth of Independent Distributors and increased sales throughout the southwestern region of the United States of America, a greater need for support of the regional Independent Distributors has become apparent.
As a result, Immunotec has opened a 7,200 square foot full-service sales facility that is equipped to meet the needs of the Independent Distributors. The office officially opened for business on Monday, October 20, 2014.

“Today marks an important day in Immunotec’s history,” stated company CEO, Mr. Charles L. Orr. “Opening this new sales office in the southwestern region of the United States represents the result of the hard work and dedication of our Distributors who are investing in themselves, their families and everyone they touch as they share our mission to make Immunocal the nutritional choice of households worldwide.”

Festivities to celebrate the opening were held throughout the weekend, including the Grand Opening and Diamond meeting on Thursday, October 16, 2014, a Gold Leadership Seminar on Friday, October 17, 2014 and a University training day on Saturday, October 18, 2014 attended by more than 400 Immunotec Independent Distributors.
About Immunotec

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