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Microcap & Penny Stocks : ADMG Advanced Materials Group
ADMG 0.02700.0%Nov 5 3:51 PM EST
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To: Count de Monie who wrote (184)3/1/1998 7:33:00 AM
From: Dave B  Read Replies (1) of 217
 
Two Notes from the Annual report filed Friday with the SEC:
1)Gross profit and operating profit margins are expected to slow in
1998. The Company's fixed cost levels will increase, due to expansions
in Ireland and Singapore, more quickly than initial sales volumes.

2)On November 19, 1997, the Company established Advanced Materials
Limited ("AM Ltd."), an Ireland corporation. AM Ltd. was formed to
engage in the same business as the Company. As of November 30, 1997,
operations had not commenced and assets were insignificant.

Any Opinions
We knew about Singapore...Where did Ireland come from???
Dave B
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