Accord Advanced Technologies Announces Filing of 10K for Year End and Continuing Profits
TEMPE, Ariz., April 5 /PRNewswire/ -- Accord Advanced Technologies, Inc. (OTC Bulletin Board: AVTI) announced today that it has filed its 10 K for the year ending December 31, 1999 which disclosed continuing profits for the company.
Travis Wilson, president and chief executive officer of Accord Advanced Technologies said, "The company had revenues of $5,917,470 for year end '99 and after tax operating profits of $207,885 with total after tax profits of $924,535 compared to '98 operating revenues of $3,940,234 with a loss of $1,046,391." Mr. Wilson went on to state that "the company has net profits of more than $.02 per share compared to a loss of $.03 per share for 1998. The profit trend set by the company should continue through year end 2000."
Those wishing detailed information on the company can visit sec.gov the official SEC Internet site and visit the company at its web site www.aseg@accord-seg.com.">http://www.aseg@accord-seg.com.
Accord Advanced Technologies, Inc. is a provider of equipment remanufacturing, service and engineering assistance to semiconductor manufacturers worldwide. Through its wholly owned subsidiary, Accord Semiconductor Equipment Group, Inc., the company remanufactures, upgrades and provides full-service support for semiconductor wafer-processing systems and related consumables. Accord has also developed patented technologies that improve planarization techniques and has a patent pending that reduce green house gas emissions related to the manufacturing of semiconductors.
Note. Any statements released by Accord Advanced Technologies, Inc. that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the company's business prospects and performance. These include economic, competitive, governmental, technological and other factors discussed in the company's filings with the Securities and Exchange Commission.
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SOURCE: Accord Advanced Technologies, Inc.
CONTACT: Investor Relations of Accord Advanced Technologies, Inc., 480-820-1400 |
