To all: Couldn't find this on Yahoo, but it is on Lycos
Here is the release:
Green Oasis Environmental to Earn Over $.08 for Quarter
and Over $.50 for Year
PR Newswire - March 12, 1997 10:58
FINANCIAL GRNO ENV ERP V%PRN P%PRN
CHARLESTON, S.C., March 12 /PRNewswire/ -- Green Oasis Environmental, Inc.
(OTC: GRNO) yesterday announced to shareholders what it considers to be
conservative earnings projections and objectives for 1997 and 1998 as well as
its strategy for future growth, which the Company believes will be quite
substantial. For the first quarter of 1997, it expects to earn at least $.08
per share. For the full year, the Company is conservatively estimating a
minimum of $.50 per share in earnings. In 1998, in conjunction with its
objective of growing earnings at a rate of 100 percent, Green Oasis expects to
earn in excess of $1.00 per share. Its balance sheet, which showed $(2.2)
million in shareholders equity as of Dec. 31, 1995 and $(1.4) million as of
Sept. 30, 1996, is expected to show continued improvement to approximately
$(900,000) for Dec. 31, 1996 and will present a positive net worth of at least
$500,000 as of March 31, 1997.
The Company stated that it intends to build and deliver ten
EnviroEconomics(TM) processing units in 1997 of which half will be sold and
half will be installed at company owned facilities. These company owned and
operated facilities may be either acquired of "de novo" startups, depending on
the price and availability of waste oil collectors in the approximately 20
regional centers targeted for development in the next 30 months. The Company
is very close to completing its first major acquisition, one that would make
it the dominate waste oil collector in a multi-state area. In addition, Green
Oasis stated that it is doing its due diligence on several other potential
acquisitions of waste oil collectors that have approached it. In 1998, the
Company stated that the expansion of its capabilities will enable it to build
at least 25 units at its Charleston facility, with approximately 60 percent of
those units manufactured for sale.
Green Oasis Environmental, Inc.'s patent pending process produces
synthetic fuels from waste motor oil in a closed cycle, one-step process. The
Company manufactures equipment for its own facility as well as markets to
others.
SOURCE Green Oasis Environmental, Inc. |
