RYMER FOODS INC [RYR] SHORT TERM Message Board

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Microcap & Penny Stocks : RYMER FOODS INC [RYR] SHORT TERM

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To: Barry Rost who wrote ()	3/17/1999 12:14:00 PM
From: leigh aulper	of 60

Rymer Foods Inc. Announces First Quarter Results CHICAGO, March 17 /PRNewswire/ -- Rymer Foods Inc. (OTC Bulletin Board: RFDS) announced its financial results for the first quarter of 1999. The Company incurred a loss from continuing operations of $.3 million or $.07 per share (basic) in the first quarter of 1999 compared to a loss from continuing operations of $.8 million in the first quarter of 1998. Consolidated net sales from continuing operations of $7.1 million were $1.1 million higher than first quarter of 1998 primarily due to the Company's expansion of its customer base. The increase in gross profit was primarily attributable to the efficiencies associated with the higher volume. Selling, general and administrative expense remained constant from year to year. Interest expense increased by $27,000 in 1999 as compared to 1998 due to higher bank borrowings. Mr. P. Edward Schenk, President and Chief Executive Officer of Rymer, made the following comments regarding the Company's operations. "During the first quarter, the Company has continued to emphasize operational efficiency and growing our customer base. I believe that these are the keys to the Company's future success."

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