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Microcap & Penny Stocks : Air Methods (airm)

AIRM 42.95

0.0%

Apr 24 5:00 PM EST

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To: Paul Lee who wrote ()	10/21/1999 7:59:00 AM
From: Paul Lee	Read Replies (1) of 877

blow-out qtr Air Methods Expects to Report 3Q99 Record Profit of $0.14-$0.16 Per Share DENVER, Oct. 21 /PRNewswire/ -- Air Methods Corporation (Nasdaq: AIRM) expects to report a record profit of $0.14 to $0.16 per share for the third quarter ended September 30, 1999, which would result in year-to-date earnings of $0.32 to $0.34 per share. Aaron Todd, Chief Financial Officer, noted that the record earnings were fueled by strong flight volumes, especially within Mercy Air's operations as previously reported. In addition, operating expenses were held mostly to budgeted levels for the quarter. All three of the Company's divisions produced profitable operations. Mr. Todd commented, "We are pleased to have already achieved our beginning of the year objective to exceed our record 1997 earnings of $0.21 per share. Significantly exceeding our objective after only nine months of operations strongly justifies the investments made in 1998 to expand operations and revenues within each business segment." Actual third quarter results are expected to be announced on November 9, 1999. In the year ago third quarter, the Company reported a slight loss of $0.02 per share.

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