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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?
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To: Dan Turner who wrote (68)8/20/1996 3:14:00 PM
From: Dan Turner   of 619
 
The earnings announcement is available from the Yahoo site.

Summary: confirms profitability for the quarter; increasing sales; positive cash flow.

There's an additional announcement with the release that says they are making progress on all fronts. There's another release, slightly different from the one now at the Yahoo site, but only slightly different. It points out all the progress the company is making in slightly different terms.

1) Progress in the foundry industry, both with the Japanese (where Kurple points out that they will be "working with a majority of the largest foundries in Japan") and "with a large automotive parts foundry in the United States, where preliminary results of small-scale trials have been encouraging, and a test production run is planned for the fourth quarter." Note, we are almost to the end of the fourth quarter.

2) Progress in all other target markets: a) "resins for rigid auto parts for which Lenox provides excellent strength to weight ratios", b) "foam systems for recreational marine and other products", c) resin system for Reaction Injection Moulding products, d) "particle board and other manufactured boards".

It also highlights the "substantial reorder" of resin for the Prestone Spray 'N Go product.

FWIW.

All in all, VERY good news, imo.

-DT
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