TMEX... thought they were running PKGP great.....$800K PROFITS in last 9 months,
Not bad for a 7 cent stock? What am I missing?
PLAINVIEW, N.Y.--(BUSINESS WIRE)--June 3,
1998--Packaging Plus Services, Inc. (OTC BB:PKGP), is pleased to announce that its revenue for the nine months ending March 31, 1998 was $1,982,677, a 180% increase compared to its revenue of $707,843 for the same period last year.
Revenue for the third quarter ending March 31, 1998 was $560,909, versus $478,566 for the period March 31, 1997, an increase of 17.2%.
In addition, gross profit for the 9 months increased 121% to
$794,624 compared to $359,003 for the prior period.
"The fact that revenues have increased 180% and gross profits
have increased over 120% demonstrates that the foundation of
Packaging Plus has been solidified and we look forward to continued success from our subsidiaries", stated Richard Altomare, Chairman of Packaging Plus.
PKGP owns and operates several subsidiaries in the packaging
and shipping businesses. One of these subsidiaries, The
Association of Packagers and Carriers, Inc. (APAC) is a
nationwide association of independent postal/business service
centers. PKGP's other subsidiaries are engaged in advertising,
customized corrugated manufacture and concierge services.
CONTACT: Investor Communications Company
Washington, D.C.: (888) 702-7695,
Chicago: (800) 550-5165
iccinfo.com
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