Read these numbers and think to yourself...what is this company trading at? Excellent growth...huge increase in net inc...then look up TVIN for the price. (GGGG)
(BSNS WIRE) TVI Corporation Reports Record Sales and Net Income
TVI Corporation Reports Record Sales and Net Income
Business Editors
GLENN DALE, Md.--(BUSINESS WIRE)--Jan. 31, 2001--TVI Corporation
released Wednesday unaudited results for the year 2000 showing sales
of $3.2 million and net income of $756,605.
The company noted that these financial results are unaudited, and
are subject to year end adjustments and corrections.
The following table summarizes results of financial operations for
the years ending December 31, 2000 and 1999.
-0-
*T
2000 1999
Total revenues $3,233,983 $1,934,510
Cost of Sales 1,721,745 1,071,572
Gross Profit 1,512,238 862,938
G & A Expenses 844,548 602,045
Operating Income 667,690 260,893
Other Income(Expense) (15,569) (16,706)
Income Taxes 00 00
Extraordinary Income 104,484 108,795
Net Income $756,605 $352,982
Shares outstanding 24,634,443 23,210,465
Net earnings per share 0.0307 0.0152
*T
The company noted that improved operations continued through the
fourth quarter of the year. Unaudited revenues were $816,941 and net
income was $134,065. This was the eighth consecutive quarter of
profitability for the company. Favorable operations are continuing in
the first quarter of 2001.
Examination of the company's financial operations for year 2000 by
its independent auditor is well under way. The Audit Report is
expected about the first of April.
TVI is a leading manufacturer of thermal targets, quick erect
tents, specialty signage, and casualty decontamination systems. Its
stock trades on the OTC Bulletin Board under the symbol TVIN. More
information is available at the company's website at www.tvicorp.com.
--30--KMK/ph*
CONTACT: TVI Corporation, Glenn Dale
Allen Bender, 301/352-8800
Fax: 301-352-8818
KEYWORD: MARYLAND DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENVIRONMENT
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