Encouraging release, but they might have waited for Monday morning. (Or is that Monday morning quarterbacking?)
Friday June 23, 9:28 pm Eastern Time
National Manufacturing Technologies Inc. Highlights of Presentation At First Security Van Kasper San Diego Growth Conference
CARLSBAD, Calif.--(BUSINESS WIRE)--June 23, 2000--National Manufacturing Technologies Inc., (``NMT'') (OTCBB:NMFG - news) a value-added, vertically integrated manufacturer of enclosed electronic systems and their various sub-assembly components, was a featured presenter at today's First Security Van Kasper San Diego Growth Conference.
Patrick W. Moore, chief executive officer, made the presentation and answered questions from the audience of investment community professionals. Moore described the company's re-structuring of its business in 1998 to be an Electronic Manufacturing Services (EMS) company and the successful effort to turn the company around. In the presentation, Moore shared NMT's preliminary and unaudited operating results for the fiscal year ended March 31, 2000, of $9.7 million in revenues and a $1.6 million net loss (including discontinued operations).
This compares to $5.0 million in revenues and a $4.4 million net loss (including discontinued operations) for the prior fiscal year (March 31, 1999). Moore also reported the company's forecast for fiscal year 2001 revenues, which are forecasted to exceed $25 million with $2 million or more of net income.
``NMT's business strategy is to continue building its vertically integrated manufacturing capabilities and its focus on enclosed electronics. We believe this strategy will allow us to maintain strong growth while achieving margins above industry standard,'' stated Moore.
National Manufacturing Technologies Inc. (NMT) is a value-added, vertically integrated manufacturer of enclosed electronic systems and their various sub-assembly components. Complete capabilities information can be found at the company's Web site, which is located at www.NatManTech.com.
This press release contains forward-looking statements that involve risk and uncertainties. These statements include, without limitation, statements relating to the company's future economic performance, management's opinions about the ability of the company to compete successfully and other non-historical information. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences include, without limitation, those risks discussed in item 6 under the heading ``additional risk factors'' as well as those discussed elsewhere in the company's annual report on Form 10-KSB.
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Contact:
National Manufacturing Technologies Inc.
Jennifer Brown, 760/431-4999 ext. 507 |
