To: A.P. Farrow
How abouy this !!!!!!!!!!!
(COMTEX) B: AMMONIA HOLD, INC. REPORTS RECORD REVENUES FOR FIRST QUAR
B: AMMONIA HOLD, INC. REPORTS RECORD REVENUES FOR FIRST QUARTER
LITTLE ROCK, Ark., Oct. 2 /PRNewswire/ -- Ammonia Hold, Inc. (OTC
Bulletin Board: AMHD) reported record revenue today for the first
quarter ended September 30, 1998.
Consolidated revenues for the first quarter ended September 30, 1998
were $445,000, up 85% over the $239,045 reported for the same quarter a
year ago. Additional financial information will be released later this
month.
"Ammonia Hold, Inc. is beginning what we believe will be an outstanding
year in terms of revenue and earnings growth," stated Michael D.
Parnell, President and CEO. "With the Super Dry Industries acquisition
completed in May 1998 and the expansion of new industry markets for our
core products, the Company expects this trend in growth to continue.
We have invested heavily in our future in areas of research for our
products and more recently, acquiring a 15% interest in PetQuarters.com
(OTC Bulletin Board: PDEN), commonly referred to as "The Internet's
Premier Pet Store." With projections of 116 million users on the
Internet by year 2000 and $38 billion in on-line sales by 2002, we felt
PetQuarters.com was a distribution channel for our pet products that
could not be overlooked."
Ammonia Hold, Inc. manufactures and distributes patented products to
reduce odor and ammonia emissions from litter boxes, animal waste,
landfills and municipal biosolids.
The statements made in this release constitute "forward-looking"
statements, usually containing the words "believe," "estimate,"
"project," "expect," or similar expressions. These statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements inherently
involve risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. Factors that
would cause or contribute to such differences include, but are not
limited to, changing economic conditions, interest rate trends,
continued acceptance of the Company's products in the marketplace,
competitive factors and other risks detailed in the Company's periodic
report filings with the Securities and Exchange Commission. By making
these forward-looking statements, the Company undertakes no obligation
to update these statements for revisions or changes after the date of
this release.
SOURCE Ammonia Hold, Inc.
-0- 10/02/98 /CONTACT: Ed Schuchardt,
Investor Relations, 800-513-9694, or Michael D. Parnell, President,
501-676-2994, both of Ammonia Hold/
(AMHD PDEN)
CO: Ammonia Hold, Inc.; PetQuarters.com ST: Arkansas IN: REA ENV
MLM SU: ERN PRO
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