To All,
Here is some pertinent about AMHD:
1. CRG's connection with AMHD is almost totally severed.
All that remains is CRG's pending to sale of 25000 shares 144 reg.Then that's
all folks.
2. Below the great news on AMHD's growth as printed in the recent issue may 31, 1999
of BARRON'S
Monday May 24, 10:41 am Eastern Time
Company Press Release
SOURCE: Ammonia Hold, Inc.
Ammonia Hold, Inc. Announces Third Quarter Financial Results
LITTLE ROCK, Ark., May 24 /PRNewswire/ -- Ammonia Hold, Inc. (OTC Bulletin Board: AMHD - news) today announced third quarter revenue for the period ended March 31, 1999 of $693,698, an all-time record for the Company and an increase of 93 percent over third quarter revenue of $360,236 for the same period last year. Net income for the three months ended March 31, 1999 was $128,080 as compared to $68,563 for same period ended March 31, 1998.
For the nine months ended March 31, 1999, revenue totaled $1,750,222 as compared to revenue of $849,103 for the same period last year. Net income was $187,316 for the nine months ended March 31, 1999 as compared to $93,523 for the nine months ended March 31, 1998.
''These results reflect the progress achieved from the implementation of our new marketing campaign and establishment of new customer relationships,'' stated Michael D. Parnell, President and Chief Executive Officer. ''Early indications are projecting a record fourth quarter with sales for the month of April exceeding $500,000. Additionally, with the integration of Super Dry Industries well underway and on schedule, we feel that the Company is now better aligned strategically to capitalize on our expanding opportunities.''
Ammonia Hold, Inc. manufactures and distributes patented products to reduce odor and ammonia emissions from animal waste, landfills and municipal biosolids.
The statements made in this release constitute ''forward-looking'' statements, usually containing the words ''believe,'' ''estimate,'' ''project,'' ''expect,'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For more information, please contact Ed Schuchardt with investor relations at 800-513-9694 www.ammoniahold.com |
