All, I received Air Packaging Technologies 1Q 96 unaudited financial statement today. Sales were 93,642 (1996) vs 71,220 (1995) Net Income was (243,739) (1996) vs (489,718) (1995). I had expected to see a larger increase in sales but looks like we will have to wait another quarter.
Here is good news from the report. During this current quarter they have received orders from and shipped to Motorola, Litton and AT&T (Lucent). They have or are going to meet with Hewlett Packard, N.E.C. I.C.S. and National Semiconductor.
They noted that they are focused on the shipping of electronic component parts where the products being shipped are expensive, fragile and subject to electrical shock damage.
Looks like the new management is making some head way in meeting with the companies that can use the product and getting some orders. I do not recall Litton or AT&T being customers prior to now. I like the names of the companies this new management team is going after. All first class.
If anyone wants some specific information let me know. I do not have a electronic copy of the financials, but will be happy to give you information on demand.:)
Joan |
