CortDev Releases Financial Projections of Botaniex

CortDev today released the financial projections of Botaniex following its acquisition of the company. Botaniex projects fiscal 2005 net income of approximately $500,000 on revenue of $2,300,000. The company forecasts net income and revenue growth of over 80% and 160% respectively from fiscal 2005 to 2006. Furthermore, Botaniex projects that in fiscal 2007 the company will generate close to $7,000,000 in revenue and earn over $2,600,000 on a net basis. Based on these financial projections from fiscal 2005 to 2007, Botaniex will achieve growth rates of approximately 200% in revenue and 400% in net income.

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