I had a long conversation w/TBTI a few weeks ago about their new subs DeliverNextDay.com.
TBTI, by virtue of their own background in warehousing considerable inventory for its own
customers has put together a novel concept for other companies to utilize TBTI's expertise. There
are also a few neat twists to this new platform that may become evident down the road. No
guarantees that they will be successful with this venture but I like what I heard. And you get .19 net
inc for 9mo while they further their strategy. Only 1.2m shares outstanding...fully filing...OTC BB.
Trading at 1 5/8.
gpg
Telebyte Reports 3rd Quarter Results
GREENLAWN, N.Y.--(BUSINESS WIRE)--Nov. 15, 1999--Telebyte, Inc. (OTC BB:
TBTI) reported revenues for the nine months ended September 30, 1999 of $4,143,801, as
compared to $4,178,147 for the similar period in 1998. Revenues for the third quarter ended
September 30, 1999 were
$1,415,555 as compared to $1,551,228 for the similar period of 1998. Net income for the nine
months ended September 30,
1999 was $240,828 or $.19 per share as compared to $281,520 or $.18 per share for the similar
period in 1998. Net income
for the third quarter ended September 30, 1999 $128,313 or $.10 per share as compared to
$160,016 or $.10 per share for
the similar period in 1998.
During the end of the 3rd Quarter of 1999, the Company began operations of its separate, wholly
owned, subsidiary,
DeliverNextDay.com, Inc., to focus on generating sales through electronic commerce.
Management believes that
DeliverNextDay.com, Inc. is significantly differentiated from other companies implementing
Electronic Commerce, since
DeliverNextDay.com, Inc. can accept orders placed Monday through Friday by midnight (Central
Time) and deliver the next
business day anywhere in the United States and Canada. Generally, orders placed before 10 AM
(Central Time) on Sunday
can be delivered on Monday. Dr. Schneider, Chairman and CEO emphasized that the start-up of
DeliverNextDay.com
continues the changes in the Company initiated by the new management team which took control
in January 1999. Dr.
Schneider further commented that the 3rd Quarter of 1999 included minimal sales from Telebyte's
wholly owned subsidiary,
DeliverNextDay.com, Inc., which commenced operations in the 3rd Quarter.
Telebyte, Inc. is a manufacturer and reseller of data communications equipment for fiber and
copper networks headquartered in
Greenlawn, New York. Telebyte supports a wide range of communication solutions including
Internet and DSL Products,
LAN Tranceivers, Interface Converters, Short Haul Modems, Fiber Optic Products, Test
Equipment, Multiplexers and
Lightning Protection. Additional information on Telebyte Inc. can be found at www.telebyteusa.com.
Telebyte, Inc. and Subsidiary (TBTI)
Summary of Consolidated Statement Of Earnings (Unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
1999 1998 1999 1998
Net Sales $1,415,555 $1,551,228 $4,143,801 $4,178,147
Income Before Taxes $ 205,915 $ 162,516 $ 388,430 $ 286,020
Income Tax $ 77,602 $ 2,500 $ 147,602 $ 4,500
Net Income $ 128,313 $ 160,016 $ 240,828 $ 281,520
Earnings Per Share
Basic $ .10 $ .11 $ .19 $ .19
Diluted $ .10 $ .10 $ .19 $ .18
Average Shares Outstanding
Basic 1,248,631 1,505,016 1,248,631 1,500,673
Diluted 1,264,035 1,543,316 1,282,122 1,552,216
This release may include forward-looking statements concerning Telebyte's intent, belief or current
expectations with respect to,
among other things, trends affecting its financial condition or results of operations and its business
and growth strategies. Such
forward-looking statements are not guarantees of future performance and involve risks and
uncertainties that may cause actual
results to differ materially from those projected, expressed or implied. Telebyte does not undertake
any obligations to update or
revise any forward-looking statements. All forward-looking statements are subject to the risks and
uncertainties detailed in the
Company's filing with Securities and Exchange Commission.
Contact:
Telebyte, Inc., Greenlawn
Michael Breneisen, President
1-800-835-3298, ext. 426 |
