NEWS just out!
Eutro Group Holding, Inc. Announces a 7% of Net Sales Profit of
Its Subsidiary, Bio-Analytic Laboratories, Inc. (BIO)
PR Newswire - April 28, 1998 11:18
EUTO V%PRN P%PRN
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JUPITER, Fla., April 28 /PRNewswire/ -- The following is being issued by
Eutro Group Holding, Inc. (OTC Bulletin Board: EUTO):
Mr. Mack Hunter continues to work his wizardry as President and CEO of
Bio. His cost control and accounting systems are showing positive results, as
well as increased sales. Mr. Hunter's contributions are opening several doors
for Bio's future.
The new accounting systems have allowed Bio to adjust the pricing of many
of its products to be more competitive in the industry, as well as identify
certain ancillary products that had resulted in a loss in the past.
The cost control system installed by Mr. Hunter has already resulted in an
operating profit for the month of February, 1998 equal to 7% of net sales,
reversing previous losses. Sales have increased consistently since January,
1998 and currently show a $46,000 increase for the quarter ending March 30,
1998, over the same period in the prior year.
Eutro feels that these results are just the tip of the iceberg and Eutro
feels confident that they can continue to report larger increases in the
coming quarters.
For more information, contact: Investor Relations Department,
561-575-3520.
Information herein was derived from sources seeming to be reliable. No
Assurance can be made that the information is accurate, or that projected
results will be achieved.
SOURCE Eutro Group Holding, Inc.
/NOTE TO EDITORS: Corporate Advertising and Public Relations handled by
Corporate Imaging/
/CONTACT: Neil Rand of Corporate Imaging, 602-504-9230 or
Fax: 602-504-9252/ |
