Good luck on DGIV Bob.
Here's a stock that has been beaten down. (I know.)
Here's a little start on some research.
Note dates. Check the chart. Crunch some numbers.
Call the company. Profits as stated in the opening post?
I sure hope so now........
Ad-HaTTeRs Year-End Results To Exceed Analyst
Expectations
- Ad-HaTTeRs to report first profitable year -- vs. expected loss -
CENTENNIAL PARK, Ariz., April 6 /PRNewswire/ -- Ad-HaTTeRs, Inc., a unit of Coconino
S.M.A., Inc. (OTC Bulletin Board: CSMA - news), reports that its fiscal year ending in May will
exceed analyst expectations by 30%, or more than $2 million in revenues -- and be profitable.
According to Ad-HaTTeRs' president, David Timpson, ''We are confident that Ad-HaTTeRs will meet
this revised projection, given that our third quarter revenues were up 50% over the previous quarter and
exceeded projections by 60%.
''While there was a projected loss for the final two quarters of our fiscal year, we now expect
Ad-HaTTeRs to report a significant profit for these periods resulting in the company's first profitable
fiscal year.''
Timpson attributed the extraordinary gains to sales of new products, newly-designed in-store displays,
and greater market penetration.
The new Dream Catcher air freshener has become one of Ad-HaTTeRs' most popular products,
garnering weekly sales gains. The company has also added a new scented Mandella Shield and Prayer
Feather to its Native American-derived line of products and a scented Rio Concho to its western series.
Auto Zone, the nation's largest chain of auto parts distributors -- with more than 1700 stores -- received
its first shipment of Ad-HaTTeRs products in March, joining established accounts such as Pep Boys,
CSK Auto, and Western Auto (a Sears & Roebuck subsidiary).
''The company's new product displays are proving to be so compelling that distributors are opening up
new sales in grocery and mass-merchandising areas,'' said Timpson. ''This represents important market
gains beyond Ad-HaTTeRs' traditional auto-aftermarket segment.''
Giant mass-merchandisers Wal-Mart and K-mart are expected to begin offering Ad-HaTTeRs
products within the next few weeks, adding to other large national grocery chains, including Publix,
Smiths, Albertsons, and Fred Meyers.
''Our fiscal '98 has been exciting and rewarding for all associated with Ad-HaTTeRs,'' said Timpson,
''and it demonstrates the power of our new business strategy. We expect our success to gain
momentum in fiscal 1999 and create another banner year. We offer the best products in our market
niche and our distribution partners are unparalleled in terms of market dominance and service.''
Timpson also reported that Ad-HaTTeRs has obtained an additional line of credit which will reduce
financing costs by approximately 35%. While the company has maintained minimum long term debt, this
financial support will be available as needed to facilitate the company's escalating market expansion.
Happy investing!
KZAP |
