watch list: NSOL, LVCI, LASE, #3 June 17 EP, #4 June 22 EP,
#4 June 22, Inc. to Report Record Revenues for Fiscal Year 1999: Banner Year Expected for Fiscal 2000
BRENTWOOD, N.Y., May 6 /PRNewswire/ -- #4 June 22, today announced that it will report record revenues for fiscal Year 1999, ended March 31 and is well-positioned for a break out year in FY 2000.
...., senior vice president and chief financial officer, stated, ''The infusion of cash as received from the investment group of The ...., has created an excellent environment for #4 to grow in its current fiscal year. In addition, our core distribution business is enjoying much success and we are confident that our manufacturing subsidiary #4 personal will turn a profit.''
He added, ''Management expects sales from the distribution of health and beauty aids will return to double-digit growth during fiscal year 2000 and beyond. Our optimism is rooted in the growth the Company is experiencing as a result of an expanded customer base in the retailing industry. This area is expanding and management anticipates that as #4 increases its presence in this marketplace, it will contribute to the Company's growth over the foreseeable future.''
The Company commented that over the past three years the distribution of ... has experienced an average annual growth rate of 19 percent and the Company fully expect that growth in this area will climb to 25 percent, commencing in the current fiscal year. This improvement reflects strategic relationships #4 enjoys with certain manufacturers. Additionally, #4's growing customer base also enhances the segment of the Company's business that enjoys the highest profit margins. |
