To: Tom Allinder who wrote (521 ) 11/1/1999 1:38:00 PM From: LANCE B Read Replies (1) | Respond to of 4792
UNDY- EXPECTING EARNINGS OF .24 CENTS A SHARE ....HMMM... (COMTEX) B: UniDyn Projects Fiscal Year 2000 earnings; New Divisions B: UniDyn Projects Fiscal Year 2000 earnings; New Divisions lead to exponential growth and earnings OREM, Utah, Nov 1, 1999 (BUSINESS WIRE) -- UniDyn Corp. (OTCBB:UNDY), Monday announced its current company fiscal year 2000 estimates to all shareholders. Estimated earnings are based on meeting only 30% of the current on-hand commitments primarily for Sterling. UniDyn Divisional Progress 1) Vibration Products Division (VPD Orem Utah) VPD with Dave Kenner now as President, facilitates the NorthStar and MorningStar products. VPD now has its first MorningStar order ($100, 000) driving a $2 Million system in South Asia. Delivery is scheduled for the first quarter 2000. Estimated VPD 2000 revenues remain steady at $2.1 Million. 2) Derritron Products Division. (DPD planned operational Mar2000, site pending) The company plans DPD operations to begin in March 2000. The company has begun site selection, staff selection, procurement and distribution arrangements. Derritron continues to represent a rich line of products that should consistently achieve future earnings of 10 to 15 cents per share. Fiscal year 2000 start-up revenues are estimated at $3.2 million. 3) UniDyn Technology Division (UTD Salt Lake City Utah) UTD reports Sterling system test results. General Motors reported testing over 11, 000 printed circuit boards with the Sterling System prototype. Results indicated a 100% success in capturing known warranty defects and seeded defects. The test report stated: "(Sterling) was capable of finding ALL workmanship defects and infant mortalities." UTD is a high-level technology resource serving all UniDyn divisions. UTD under the direction of Dr. Leaver, (company officer and director) is not a revenue generating division. 4) Avalon Products Division (APD Tempe AZ) The company is setting up the Sterling production and engineering requirements under APD. Deliveries of the first Sterling Units are scheduled for the first quarter 2000. Fiscal year 2000 APD revenues are estimated at $23 Million. Current commitments for Sterling originate from Japan, Singapore, Malaysia, and now Korea. These commitments now represent apx $60,000,000 on an annual basis. UniDyn also has several other opportunities in the works for both USA and European distribution. The actual market for sterling is estimated at over 3 billion. Our goal is to capture a 10% market position that would generate apx $300 Million in annual revenues. Company is currently filing for USA and international patent protection. Estimated Year 2000 Earnings of $0.24 The estimated pre-tax earnings (EBT) for the year 2000 is $0.24 per share. These earnings reflect 1.2% of the Sterling market, and only about 30% of the current Asian commitments. Production is expected to ramp up through 2000 with a larger facility change for Sterling scheduled in the forth quarter 2000. Following this, the earning projection exponentially increases over the next few years. At a 10% market share, the earning (EBT) estimate exceeds $3 per share. Ira Gentry chairman of the board of directors stated, "Although UniDyn remains debt free, the board of directors has recently authorized a private placement of up to 3,000,000 shares to improve the ramp up and delivery of Sterling." Statements about the company's future expectations and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term defined in the Private Litigation Reform Act of 1995. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. CONTACT: UNDY Investor Relations Cassie Stokes, 801/434-7250 for further details, or investment packets. www.unidyn.com Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: UniDyn Corporation Cassie Stokes, 801/434-7250 www.unidyn.com WEB PAGE: businesswire.com GEOGRAPHY: UTAH INDUSTRY CODE: COMPUTERS/ELECTRONICS