Revolabs Ushers in 2008 with Record Results

BOSTON, Jan. 15 /PRNewswire/ -- Revolabs, the leading provider of wireless audio products for enhancing collaboration, today announced record results for 2007. The company grew revenue 350 percent over the same time period last year. The company also shipped product to several thousand customers and become cash-flow positive in mid 2007.

"In 2007 we were committed to establishing more strategic partnerships, expanding our global footprint and growing all aspects of our business," said Martin Bodley, CEO and president of Revolabs. "I am pleased to say that we have met or exceeded those goals. We expanded our product portfolio to include 10 new products, grew our management team, opened our first international office expanding our distribution network throughout the world and significantly grew our customer base. Our plan for 2008 is to more than double our revenue while continuing to invest heavily in broadening our product offerings, building our brand and expanding our international business."

    Year end highlights include:
    -- Achieved record-breaking 350% revenue growth
    -- Nine consecutive months of increasing revenue
    -- Launched ten new products including the xTag personal wireless
       microphone
    -- Reached cash-flow positive in June 2007
    -- Expanded international presence opening Revolabs' first international
       office in the UK
    -- Added seasoned CFO, vice president of engineering, vice president,
       marketing, vice president of sales, North America, managing director
       EMEA to the executive management team

About Revolabs

Revolabs, Inc. is a wireless audio solutions company whose products are used throughout the world and across a wide range of industries including financial services, education, medical, legal services and more. Revolabs complete audio product line of tabletop, XLR and wearable wireless microphones is used by leading companies to enhance global enterprise collaboration. The company is headquartered in Maynard, Mass. and can be reached at 800.326.1088 or on the web at www.revolabs.com.