MILPITAS, CA — (Marketwired) — 08/04/15 — AmbiCom Holdings, Inc. (OTCQB: ABHI) today announced that revenue for Q4/FY2015 was $187,920.
“Our consumer product is starting to generate revenue as our partners continue to ramp up sales. We achieved $187,920 in revenue for the quarter ending July 31, 2015, with roughly half coming in the month of July. We are conservatively forecasting that we double that number in Q1/FY2016 which ends October 31, 2015,” states Kevin Cornell, President of Ambicom Holdings Inc, and co-founder of Veloxum.
AmbiCom is headquartered in Milpitas, California, and was a leading designer and developer of innovative wireless hardware more than one million devices sold worldwide. Now it is focusing on tuning software products optimizing complex IT environments, servers, and personal computers. AmbiCom believes there are unique opportunities as a result of the sheer size of the IT, server, and PC marketplace and the Company–s innovative approach and exemplary customer services. For more information, visit .
Veloxum actively and continuously optimizes physical and virtual computers by optimizing operating system and application settings. It leverages the existing systems and computers by tuning the various components within their manufacturer supported settings. The solution enables all levels of computer users to maximize performance, increase workload density, and minimize costs. The Veloxum products have been certified by Microsoft, IBM, VMware, and Citrix.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
J.J. Hwang
AmbiCom Holdings Inc.
(408) 321-0822 x301
Tom Nelson
TEN Associates LLC
Consultant
(480) 326-8577
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