This was posted in IBD 3/23/98. This is a scanned article so there could be some mistakes.
PDG Environmental
PDGE SURPASSES
ANALYSTS'PROJECTIONS
STRONG YEAR END/4TH
QTR RESULTS ANNOUNCED
PDG Environmental (OTC B-PDGE)
recently announced consolidated results
for the fourth quarter and fiscal year
ending January31, 1998. Revenue for the
quarter increased 86% to $8,607,000, as
compared to $4,635,000 during the same
prior year period. Net income during the
quarter was $457,000, or $0.06 per share,
as compared to net income of $279,000,
or $0.05 per share for the comparable
period last year.
Revenue for the year ending January
31, 1998 increased 52% to $24,610,000 as
compared to $16,183,000 during the prior
fiscal year. For the year, the Company
reported a net income of $1,240,000, or
$0.17 per share, a marked Improvement
over last year's net loss of $486,000, or
$0.09 per share. The net loss in the prior
period included a loss of $302,000 or
$0.05 per share from discontinued opera-
tions.
John Regan, Chairman and CEO,
commented, "The dramatically im-
proved results achieved in 1997 are a
direct result of the action plan PDG
Environmental instituted in mid-1996. We
are entering 1998 with very positive
momentum, a near record backlog, six
consecutive quarters of increasing profit-
ability and certain strategic alliances, all
of which will help fuel continued substan-
tial growth in 1998."
PDGE is The KonLin Letter's "1998
Pick Of The Year." Other advisory
groups reporting on the Company in-
clude BI Research, Conservative Specu-
lator, Dick Davis Digest, High Growth
Newslette,; Investor's Digest Micros-
tacks Review, PennyStock Picks, Small
Cap Investor (E-mail sectionl, Street
Signals and Undiscovered Stock Weekly.
Analysts affiliated with the above
organizations have projected an EPS
range of $0.2~$0.30 for the current fiscal
year ending January 31,1999.
CONTACT: TKO International
(303)850-7896
tkoint@webaccess.com
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