Cerplex (cplx) Message Board

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Microcap & Penny Stocks : Cerplex (cplx)

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To: Michael de Haan who wrote ()	5/14/1997 5:33:00 PM
From: David Farnham	of 21

Cerplex announces first quarter results TUSTIN, Calif.--(BUSINESS WIRE)--May 14, 1997--The Cerplex Group Inc. (OTC Bulletin Board:CPLX), a leading provider of high technology services outsourcing, announced today the company's first quarter financial results for 1997. Net sales for the quarter ended March 31, 1997 increased 13 percent to $46.3 million from $40.9 million for the first quarter of the prior year. The increase in net sales was primarily due to additional net sales generated from the acquisitions in the second quarter of 1996 of Cerplex SAS and the remaining 51 percent interest in Modcomp/Cerplex. The net sales increase was partially offset by lower North America net sales from the company's spare parts business, the sale of Cerplex's InCirt division in the second quarter of 1996 and closure of the company's Texas contract services facility in the third quarter of 1996. The loss for the first quarter of 1997 was $5.0 million or $0.32 per share compared with a loss of $1.6 million or $0.12 per share in the first quarter of the prior year.

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