first...last qtr...second, release indicating the broadband focus of the company...1.6m
shares outstanding so be careful if you buy...do your own dd here:
(COMTEX) B: Telebyte Reports Second Quarter Results
B: Telebyte Reports Second Quarter Results
GREENLAWN, N.Y., Aug 14, 2000 (BUSINESS WIRE) -- Telebyte Inc. and its
subsidiary (OTC BB: TBTI), a manufacturer of data communications equipment,
today released its financial results for the quarter ended June 30, 2000.
Telebyte reported revenues for the six months ended June 30, 2000 of $3,252,905,
an increase of 19% as compared to $2,728,246 for the similar period in 1999.
Income for the six months ended June 30, 2000 was $349,908 or $.22 diluted per
share, an increase of 211% as compared to $112,515 or $.09 diluted per share for
the same period in 1999. Revenues for the second quarter ended June 30, 2000
were $1,570,600, an increase of 15% as compared to $1,362,966 for the similar
period in 1999. Income for the second quarter ended June 30, 2000 was $182,950
or $.12 diluted per share, an increase of 314% as compared to $44,139 or $.03
diluted per share for the same period in 1999.
"We are pleased with the Company's sales and earnings growth during the second
quarter," commented Michael Breneisen, Telebyte's President and Chief Operating
Officer. He stated that the results are a testimony to the success of the
strategies and initiatives the Company has implemented over the last 18 months.
The Company continues to focus its engineering and marketing efforts on its
Digital Subscriber Line (DSL) test equipment product line. Introduction of a
multi-line wireline simulator, which can simulate up to 16 local loops up to
20,500 feet each, is expected during the fourth quarter of 2000. The target
market for this product will be the manufacturers of DSL modems.
Telebyte, Inc. and Subsidiary (TBTI)
Statement Of Earnings (Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
Net Sales: $1,570,600 $1,362,966 $3,252,905 $2,728,246
Income
Before
Taxes: $ 297,950 $ 69,139 $ 570,408 $ 182,515
Income
Tax
Provision: $ 115,000 $ 25,000 $ 220,500 $ 70,000
Net
Income: $ 182,950 $ 44,139 $ 349,908 $ 112,515
Earnings
Per Share:
Basic $ .15 $ .04 $ .28 $ .09
Diluted $ .12 $ .03 $ .22 $ .09
Average
Shares
Outstanding:
Basic 1,253,631 1,248,631 1,251,780 1,275,911
Diluted 1,572,611 1,276,061 1,604,575 1,303,342
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 including
without limitation, those risks set forth under the caption "Risk Factors" in
our Annual Report on Form 10-KSB for the year ended December 31, 1999, 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.
Telebyte, Inc. is a manufacturer of data communications equipment for fiber and
copper networks headquartered in Greenlawn, New York. Telebyte supports a wide
range of communications solutions and services including DSL Test Equipment, LAN
Transceivers, Interface Converters, Short Haul Modems, Fiber Optic Products,
Multiplexers and Lightning Protection. Nextday.com, a wholly owned subsidiary,
is a business-to-business cross industry e-marketplace. Additional information
on Telebyte and Nextday.com. can be found at www.telebyteusa.com and
www.Nextday.com.
CONTACT: Telebyte Inc.
Michael Breneisen, 631/423-3232 ext. 426
www.telebyteusa.com
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KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
TELECOMMUNICATIONS
EARNINGS
*** end of story ***
(BSNS WIRE) Telebyte Appoints Jim Wright as Chief Marketing Officer of Broa
Telebyte Appoints Jim Wright as Chief Marketing Officer of Broadband Products
Business & Technology Editors
GREENLAWN, N.Y.--(BUSINESS WIRE)--Sept. 15, 2000--Telebyte, Inc.
(OTCBB: TBTI) recently appointed Mr. Jim Wright as its new Vice
President, Chief Marketing Officer of Broadband Products.
Telebyte manufactures data communications products and is a
principal supplier of local loop simulators employed for testing
signaling products used by Digital Subscriber Line (DSL) technology.
Mr. Wright will lead Telebyte's program in marketing DSL test
equipment and other broadband products.
Michael Breneisen, President of Telebyte noted, "We're excited to
have Jim as a member of our management team. Under his marketing
leadership we are seeking to expand the sale of Telebyte's DSL test
equipment both in the United States, Europe and the Pacific Rim."
Mr. Wright has more than 30 years experience in the
telecommunications industry. For the past 8 years he was General
Manager of Consultronics, Inc., a leading supplier of broadband test
equipment including local loop simulators. Prior to that he was
Director, Telecommunications Sales for CXR Telecom Corp. of San Jose,
California and Vice President, Strategic Planning and Business
Development for the Telecommunications Systems Division of Toshiba,
America. Mr. Wright has earned a technology degree in Electrical
Engineering, a Bachelor of Science Degree in Business Administration,
an MBA and anticipates completing his PhD in the autumn of 2001.
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 including without limitation,
those risks set forth under the caption "Risk Factors" in our Annual
Report on Form 10-KSB for the year ended December 31, 1999, 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.
--30--ad/ny*
CONTACT: Telebyte, Inc., Greenlawn
Michael Breneisen, 631/423-3232 ext. 426 |
