AIRP's Year End Numbers!
AIRP-Financial Highlights for Year End Dec. 1998
Balance Sheet:
Total Assets.........$1,810,595
Total Liabilities......$ 275,882
Total Shareholder Equity.....$1,534,713
Long Term Debt.....$-0-
Income Summary:
Revenue..............$722,268
GOGS................$566,837
GROSS PROFIT 155,431
Net Loss....$1,723,647
Loss Per share......(.038)
Evaluation on Financials:
Increased assets from $1,137,721 ending
1997 to $1,810,595 ending 1998. This equates
to a 60% increase in Assets to the Company in 1998.
Liabilities decreased from $1,004,900 ending 1997
to $275,882 ending 1998. This equates to a 76%
decrease in Liabilities with NO long term debt.
Shareholder equity in 1997 was $132,821 and
in 1998 it is $1,543,713. Shareholder equity
increases almost 92% for the year ending 1998.
Revenue for 1997 was $340,000 and in 1998 it
was $722,268. This is an INCREASE in SALES of over 100%.
GOGS went down from $ 592,544 for 1997 to $566,837in 1998
which is a DECREASE of 5%. Company had a Gross loss in 1997 of (251,920) and NOW has a GROSS GAIN of $155,431.
Net loss in 1997 was $1,824,199 and in 1998 it
was $1,723,647 another decrease of 6%.
Loss per share decrease 40% from .059 in 1997
to .038 in 1998.(These are financial highlights
taken from the certified audit on AIRP year end Dec. 1998.
A complete annual report is recommended to further examine the Companies financial condition- Notify the investor relations
division to obtain your copy)
================================================================
JUST PLAIN FANTASTIC!!!- A 100% improvement all around. Show me an
internet.com company with this type of improvement. Or Better YET...show me an internet Company with a positive flow financial statement like AIRP. This Financial has to be the Best
financial that I've seen in my six years with this Co. The annual report looks like Fortune 500 work with a beautifully
written overview and a certified audit from the Company's big six CPA's BDO-Siedman, LLP of Los Angles, CA. ( This rhetoric is my opinion and is not to be misconstrued to represent any type of incentive to purchase or
sell anything)
I thank all of you for your continued
support....It's you ,the shareholders,
which have continued to help AIR PACKAGING
TECHNOLOGIES, INC. to achieve such a GRAND
improvement in AIRP's Financial condition.....
Stay Tune... I believe more GREAT things are
coming in the ensuing weeks and months ahead!
With Best Regards,
Rich Kaiser
International Investor Relations- AIRP |
