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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: Amigo Mike who wrote (1813)10/24/1998 8:30:00 PM
From: Sergio H  Read Replies (1) of 1923
 
<Will there be more news from ATPX? I don't think the earnings release provided details on new awards .... just updates to existing contract progress.>

Mike, it's hard to tell when news will come out. I do think that we'll see some clarification of the earnings as described in the recent press release, there was revenues from new sources. The Co. has never had a press release about their shelter contract with Stevenson for example, but the info was in the 10k. I do hope that we'll get some news release in this regard.

I want to apologize for my error. The recent Intellitec news release was not a rehash, it was brand new business. Again, my apologies for the error.

From the recent news release:

<"The increase in revenues and earnings during the third quarter of 1998 reflects increased shipments and billings on several new long-term aerospace/defense programs and the growing commercial business," stated Garrett L. Dominy, Executive Vice President and CFO. "In the aerospace/defense area, the growth has resulted from several contracts that the Company had been gearing up for during the first half of the year, including the C-17 programs, shelters and chemical defense. ">

Sergio
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