News Release
Mr. Jack Wilson reports;
The company produced excellent financial results in the
nine months ended July 31 1997. Unaudited financial
statements show large increases in revenues, cash flow,
and net earnings over those recorded in the same
period last year.
FINANCIAL HIGHLIGHTS
Nine months ended July 31
1997 1996 Increase
Revenues $ 1,394,000 $903,000 54%
Cash flow
from
operations 220,000 111,000 99%
Net earnings 125,000 9,000 1,322%
Net earnings
per share .01 .00
Company Chairman Dale Morice said
"Perfect Fry's growing revenues and cash flow are the result
of increasing its network of distributors and dealers. Although
the company now has more than 30 distributors and dealers in
the USA, Canada, Australia, the United Kingdom, and Korea, many
have come on board quite recently, and most have not yet begun
to tap the strong demand for fryers in the fast food industry.
Our debt-free balance sheet gives it the financial flexibility
to start converting potential into results."
For additional information please contact;
Jack Wilson or Dale Morice
(403) 255-7712 |
