Coil Tubing Technology, Inc. reported unaudited earnings results for the first quarter ended March 31, 2012. For the quarter, the company has posted sales revenue of $2,265,083, an increase of $1,618,167, as compared with sales revenue of $646,916 for the three months ended March 31, 2011. The increase for the three months ended March 31, 2012 compared to the three months ended March 31, 2011 was due to the increased inventory of rental tools and the expansion of the company's sales force and sales territories. The company generated net income of $536,993 for the three months ended March 31, 2012, an increase of $631,935 from the three months ended March 31, 2011, when the company had a net loss of $94,942. The increase in net income was a direct result of the company's expansion of its sales force and marketing efforts, the increase in its rental tool fleet and inventory, and the corresponding increase in revenue.