Napier released the following news yesterday. Sounds good, to say the least! They have previously stated that their profit margin is around 60%, so ...
Napier
$400,000 sales this half of this quarter = $800,000 for the quarter = $3,200,000 for the year
@60% profit = $1,920,000 profit projection
Biowash
$6,500,000 sales projected this year (from previous NR)
@40% profit (?) = $2,600,000
Total projected profit: $4,520,000
Shares outstanding:
27,021,642 as of Jan 99
8,000,000 shares issued for Biowash purchase
1,000,000 warrants issued for Biowash purchase
(not including other options and warrants, nor pending dilution needed to raise $3M for Biowash purchase)
Earnings per share: $0.13
Price: (Using P:E of 25:1): $3.14
Price: (Using P:E of 20:1): $2.51
Price: (Using P:E of 15:1): $1.88
Neil.
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FOR: NAPIER INTERNATIONAL TECHNOLOGIES INC.
TSE SYMBOL: NIR
JUNE 24, 1999
Napier Receives More Record Breaking Orders
VANCOUVER, BRITISH COLUMBIA--Napier International Technologies
Inc. (NIR.TSE) is pleased to report that it has received the
largest single product order in its corporate history. The order
is for a full compliment of Napier's environmentally friendly
stripping products that will fill two containers for overseas
shipping to Norway.
Napier's Scandinavian distributor, Environmental Coatings Removal
Associates (E.C.R.A.) has received such broad based support from
multiple industry applications that they have completely sold out
their first four orders and have requested immediately a 5th air
delivered shipment to maintain inventory while the 2 containers of
product are being sea freighted.
The E.C.R.A. orders exceed $150,000 and will contribute
significantly to another record breaking revenue month for Napier.
In fact, Napier has already booked over $400,000 in orders this
quarter rivaling last quarter revenues of $439,000 and we are just
over half way into the quarter.
ON BEHALF OF THE BOARD OF DIRECTORS
Bradley T. Aelicks, President/Director
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