Record Revenues in First Six Months
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: PERFECT FRY CORPORATION
ASE SYMBOL: PNM
JUNE 17, 1997
Perfect Fry - Record Revenues in First Six Months
CALGARY, ALBERTA--Perfect Fry achieved its best ever first
half Sales in the six month period ended April 30, 1997. Unaudited
financial statements show that Revenues, Net Earnings, and Cash
Flow all were substantially greater than those recorded in the
same period last year.
The company has no long term debt, and is in excellent position to finance big Sales increases in the year ahead.
6 Months ended Apr 30 1997 1996 Increase (Percent)
--------------------- -------- -------- --------
Revenues $974,646 $695,863 40
Cash Flow from Operations 164,762 129,647 27
Net Earnings 101,762 61,847 65
per Share .01 .01
Company Chairman Dale Morice said,
"Perfect Fry's increased Revenues are the result of continuing
aggressive marketing. The number of distributors continues to
grow worldwide. At a recent trade show in Chicago we received
about 300 sales leads from 30 countries. Many leads are from fast
food chains, including some of the world's best known. The
Perfect Fry's super success as a producer of tasty food and zesty
profits for independent retailers and the Wal-Mart chain is
getting the attention of the gigantic fast food industry."
FOR FURTHER INFORMATION PLEASE CONTACT:
Perfect Fry Corporation
Jack Wilson
Investor Relations
(403) 255-7712
(403) 255-1725 (FAX)
perfect@canuck.com |
