Wednesday July 14, 1:02 pm Eastern Time
Company Press Release
SOURCE: Ammonia Hold, Inc.
Ammonia Hold, Inc. Reports Fourth Quarter 1999
Sales Surged Past $1 Million
LONOKE, Ark., July 14 /PRNewswire/ -- Ammonia Hold, Inc. (OTC Bulletin Board: AMHD - news) announced today that sales will exceed $1 million for the fourth quarter ended June 30, 1999, an increase of over 250% versus the $285,086 reported in the same quarter last year.
Sales for the year will be in excess of $2,750,000, representing a record year and increase of over 140% from the previous year's sales $1,134,189.
''This past year was one of solid achievement and significant progress,'' stated Michael D. Parnell, President and Chief Executive Officer. ''We finished the year with record sales and the completed expansion of the Lonoke, Arkansas facility will allow us to continue to grow rapidly.''
Fourth quarter and year end audited financials are expected to be released September 30, 1999.
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 or Michael D. Parnell with Ammonia Hold, Inc. at 501-676-2994.
SOURCE: Ammonia Hold, Inc.
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