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Telecommunications equipment industry

TELS Corp. Reports Third Consecutive Month of Sales Over $1 Million

Strategic Insights

— 1 min read

American Fork-based TELS Corp., a diversified technology company, announced that its February 1994 sales reached $1.1 million, up from approximately $406,000 in the same period last year. According to President and CEO John L. Gunter, the year-over-year increase is largely attributed to the growing demand for the company's telephone call accounting products. TELS Corp. designs and manufactures a range of telecommunications and computer products, and has seen increased momentum in the industry, driven by its focus on manufacturing efficiencies and economies of scale.

Key Takeaways:

  • TELS Corp. reported sales of $1.1 million in February 1994, marking the third consecutive month of sales over $1 million.
  • The company's year-over-year sales increase is attributed to the growing demand for telephone call accounting products.
  • TELS Corp. has subsidiaries in California, Texas, and Utah, and designs, manufactures, and sells telecommunications and computer products.
  • The company has seen increased momentum in the industry, driven by its focus on manufacturing efficiencies and economies of scale.
  • TELS Corp.'s product range includes telecommunications, computer, and network products, as well as medical production services.
  • The company's subsidiaries include TEL electronics, inc. (American Fork), Computer Express (Dallas), Micro Station Inc. (San Antonio), and Medtech Inc. (Salt Lake City).

Statistics:

  • February 1994 sales: $1.1 million
  • February 1993 sales: approximately $406,000
  • Month-over-month sales increase: 170%
  • Year-over-year sales increase: 169%
  • Number of consecutive months of sales over $1 million: 3

Sources:

  • PR Newswire, "TELS Corp. Reports 3rd Consecutive Month of Sales Over $1 Million", as reported by Stephen M. Nelson, CFO, Monica Riding, Investor Relations, and Madeleine Franco and Richard Bernot of Jordan Richard Assoc. (801-756-9606, 801-595-8611)

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