inc.jet Holding, Inc. Announces Quarter End Financial Results

NORWICH, Conn. - May 16, 2020 - PRLog -- inc.jet, Holding Inc (OTC Pink Sheets: SORT.PK), a leading designer and manufacturer of ink jet imagers and products for the packaging industry emphasizing product traceability today announced its financial results for the quarter ended March 31, 2020.

For the three months ended March 31, 2020, total sales from continuing operations were $3.71 million, compared to total sales of $3.89 million for the three months ended March 31, 2019.  The $180 thousand decrease resulted from decreases in sales of Systems revenue of $160 thousand and Supplies of $20 thousand.  Net income from continuing operations was $232 thousand, or $0.01 per share, for the three month period, compared to net income of $229 thousand, or $0.01 per share, for the comparable period last year.

Zbigniew Roginski, President and Chief Executive Officer of the Company stated, "The Ink Jet Printing business is poised for growth and market expansion in the flexible packaging and high speed web printing industries".

The Company posts current financial statements and other important information on PinkSheets.com (http://www.Otcmarkets.com; symbol: SORT.PK).

About inc.jet Holding, Inc

Founded in 1978 and headquartered in Norwich, Connecticut, inc.jet Holding, Inc. and its wholly-owned subsidiary inc.jet, Inc. (together, the "Company") operates in the  Ink Jet Printing business. The Ink Jet business 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.  Inc.jet Holding, Inc. is publicly traded on OTC Pink Sheets under the symbol "SORT.PK".  Additional Company information is available at www.incjet.com.

Statements in this release concerning inc.jet Holding, Inc.'s business outlook, future financial and operating results, and overall future prospects are forward looking statements that involve a number of uncertainties and risks. Actual results could differ materially from those anticipated in those forward-looking statements as a result of certain factors. All statements made in this press release are made only as of the date set forth at the beginning of this release. inc.jet Holding, Inc. undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.