Schmitt Industries Announces First Quarter of Fiscal 2011 Operating Results; Revenues Increase Significantly

PORTLAND, Ore., Oct. 8, 2010 (GLOBE NEWSWIRE) — Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the first quarter of Fiscal year 2011. Sales for the three months ended August 31, 2010 increased 96.6% to ,404,467 compared to ,223,234 for the same period last year. Net loss for the first quarter ended August [...] http://bit.ly/asPUG5