Packaging Plus Services, Inc. Announces Third Quarter Results
Revenue Exceeds 1997 Totals
Business Wire - June 03, 1998 08:20
%PACKAGING-PLUS PKGP %NEW-YORK %FOREST %PRODUCTS %EARNINGS V%BW P%BW
PLAINVIEW, N.Y.--(BUSINESS WIRE)--June 3, 1998--Packaging Plus Services, Inc. (OTC
BB:PKGP), is pleased to announce that its revenue for the nine months ending March 31, 1998 was
$1,982,677, a 180% increase compared to its revenue of $707,843 for the same period last year.
Revenue for the third quarter ending March 31, 1998 was $560,909, versus $478,566 for the period March
31, 1997, an increase of 17.2%.
In addition, gross profit for the 9 months increased 121% to $794,624 compared to $359,003 for the prior
period.
"The fact that revenues have increased 180% and gross profits have increased over 120% demonstrates that
the foundation of Packaging Plus has been solidified and we look forward to continued success from our
subsidiaries", stated Richard Altomare, Chairman of Packaging Plus.
PKGP owns and operates several subsidiaries in the packaging and shipping businesses. One of these
subsidiaries, The Association of Packagers and Carriers, Inc. (APAC) is a nationwide association of
independent postal/business service centers. PKGP's other subsidiaries are engaged in advertising, customized
corrugated manufacture and concierge services.
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