(BSNS WIRE) Timber Resources International Projects Earnings For Fourth
Timber Resources International Projects Earnings For Fourth Quarter 1999
Business Editors
NEW YORK--(BUSINESS WIRE)--Oct. 25, 1999--Timber Resources
International, Inc. (OTC BB: TMBED) today announced projected earnings
of $.10 per common share for the fourth quarter of 1999.
The projections are based on anticipated revenues for the fourth
quarter and the Company's continuing progress in expanding its
Pensacola, Fla., sawmill operations.
"One of the Company's key drivers for earnings growth in the
fourth quarter was our accomplishments earlier in the year. We are
pleased with our progress and anticipate a steady increase in demand
for our products," commented Hank Midden, Vice President of Timber
Resources International and President of Southern Hardwoods.
"It should also be noted," stated Aziz Hirji, Chairman of Timber
Resources International, "as we enjoy this exciting period of growth
and expansion, the Company is also working hard on its goal to be
compliant with all reporting requirements, and plans to have filed all
required documents to become fully reporting, before the end of this
quarter."
Timber Resources International, Inc. is a fast-growing, rapidly
expanding company in the multi-billion-dollar forest product industry
that is aggressively pursuing mergers, acquisitions and strategic
alliances to capture a significant market share in high-end and
value-added wood products.
The Company is dedicated to the development of under-utilized
forest resources for specialty niche markets worldwide. Timber
Resources International, Inc. is committed to meeting the
international environmental standards of the Forest Stewardship
Council (FSC).
More information can be found on the Company's web site at
tmbe.com or by contacting investor relations at
301/570-0476.
This press release contains certain forward-looking statements
within the definition of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended.
Such forward-looking statements are based on the beliefs of the
Company's management as well as on assumptions made by and information
currently available to the Company at the time such statements were
made. Actual results could differ materially from those included in
such forward-looking statements.
--30--MF/ph*
CONTACT: Timber Resources International, Inc.
Investor Services, 301/570-0476
KEYWORD: NEW YORK FLORIDA
INDUSTRY KEYWORD: FOREST PRODUCTS EARNINGS
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