Gunther International Announces Quarter End Financial Results

NORWICH, Conn. - Aug. 14, 2015 - PRLog -- Gunther International Ltd. (OTC Pink Sheets:  SORT.PK), a leading designer and manufacturer of high-volume, intelligent software-driven mailing systems, and ink jet imagers as well as product for the packaging industry emphasizing product traceability today announced its financial results for the quarter ended June 30, 2015.

Total sales for the quarter ended June 30, 2015, were $7.36 million, compared to total sales of $6.19 million for the quarter ended June 30, 2014.  The $1.17 million increase primarily resulted from increase in sale of Systems of $1.61 million, partially offset by decrease in sales of maintenance of $0.30 million and Supplies of $0.14 million   Net income was $253 thousand, or $0.01 per share, for the quarter compared to a net income of $75 thousand, or $0.00 per share, reported last year.

Marc Perkins, President and Chief Executive Officer of the Company stated, “Our results reflected improvement after being negatively impacted by a reduction in spending on capital equipment such as our high-speed, intelligent mailing systems”.  At June 30, 2015, the Company had a systems order backlog of $1.26 million, compared to a systems order backlog of $1.95 million at June 30, 2014.  After July and August activity, our order backlog decreased to $2.03 million.  The current backlog is lower than these periods in the prior year; however, the Company has ongoing negotiations that should result in additional orders.

The Company posts current financial statements and other important information on PinkSheets.com (http://www.otcmarkets.com; symbol: SORT.PK), as well as the Company’s own website (http://guntherintl.com).

About Gunther International

Founded in 1981 and headquartered in Norwich, Connecticut, Gunther International Ltd. and its wholly-owned subsidiary inc.jet, Inc. (together, the “Company”) consist of two business segments: Mail Inserting and Ink Jet. The Mail Inserting segment designs, develops, assembles, markets and services high speed systems that automatically assemble printed documents, fold, staple or bind the documents and insert completed documents into appropriate envelopes for mailing or other distribution.  The Ink Jet segment designs, develops, markets and services ink jet imagers as well as sells product into the packaging industry emphasizing product traceability.  The Company’s products are dependent upon proprietary technology and require especially skilled engineers and technicians to design, enhance and produce them to meet customer needs.  Gunther International is publicly traded on OTC Pink Sheets under the symbol “SORT.PK”.  Additional Company information is available at www.guntherintl.com.