Uh ohhhh. A news blitz, Floydie. You better jump on it. Stock price has more than doubled from the lows (almost tripled!). News releases on the 13th, 17th, 18th, 19th AND 20th.
About time to start the smear campaign again wouldn't you say? Some years' old posts about some lawsuit or what not?
(BSNS WIRE) Conolog Projects Record Revenues for Fiscal 2000 Year End; Anticipates Growth
Rate for 2001 to Continue or Improve
Business/Technology Editors
SOMERVILLE, N.J.--(BUSINESS WIRE)--Oct. 18, 2000--Conolog
Corporation (NASDAQ: CNLG, CNLGW) projected today that revenues for
fiscal year 2000, which ended July 31, 2000, would total approximately
$5.6 million, as compared to $2.5 million reported at year end 1999.
These record revenues reflect 224% of net sales reported in fiscal
1999.
The Company further anticipates that its growth will continue at
the same rate or better for 2001, and that year-end revenues will
reach $13 million by July 31, 2001, excluding any acquisitions or
mergers.
Conolog President Robert Benou commented, "Conolog has enjoyed
record revenues for the year, and it is our expectation that the
Company will continue to grow in 2001. Our aggressive merger and
acquisition program has played a key role in our financial success by
expanding our Company's ability to better serve new and existing
clients."
Conolog Corporation provides engineering and design services,
technical personnel placement, and computer maintenance services to a
variety of industries, government organizations, and public utilities
nationwide. The Company's INIVEN division manufactures a line of
digital signal processing systems, including transmitters, receivers
and multiplexers.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the Company's products, increased
levels of competition, new products introduced by competitors, and
other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
--30--jr/bos*
CONTACT: National Financial Network
Geoffrey Eiten
(781) 444-6100 ext. 651
(877) 385-0977 ext. 651
or
Conolog Corporation
Robert Benou, (908) 722-8081
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE
HUMAN RESOURCES NETWORKING SOFTWARE
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