Hi Coz, I just wanted to point you to one of my favorites, ASXI. It just made a nice announcement about 3rd quarter results. If you can buy this at 7/16 or less, I think it's a steal. The company is performing very well, they are profitable, have strung together 6 solid quarters, and announced a stock repurchase program not long ago.
New York, New York, Jan 08, 2001 (M*arket N*ews Publishing via C*OMTEX) -- Astrex,
Inc. reports on a preliminary and unaudited basis, that the results for the
third quarter and the first three quarters of the current fiscal year ended
December 31, 2001 ("Third Quarter" and "Nine Months" respectively) continue the
Company's positive trend with Net Income, Sales, Bookings and Backlog well
exceeding by double digits the prior fiscal year's results for those categories
and periods.
Specifically, on a preliminary and unaudited basis, the indicated results for
the just ended Third Quarter and Nine Months as compared to the same periods in
the previous, record breaking, fiscal year are:
-- an approximate 43% quarter to quarter increase and an approximate 97%
nine months to nine months increase in Net Income (approximately
$189,000 as compared to approximately $132,000 for the respective third
quarters of the current and previous fiscal years, and approximately
$501,000 versus $254,000 for the respective first nine months of the
current and previous fiscal years);
-- an approximate 14% quarter to quarter increase and an approximate 15%
nine months to nine months increase in Net Sales (approximately
$4,672,000 as compared to approximately $4,089,000 for the respective
third quarters of the current and previous fiscal years, and
approximately $13,798,000 versus $11,947,000 for the respective first
nine months of the current and previous fiscal years);
-- an approximate 38% quarter to quarter increase and an approximate 24%
nine months to nine months increase in Bookings (i.e. orders),
(approximately $5,078,000 as compared to approximately $3,677,000 for
the respective third quarters of the current and previous fiscal years,
and approximately $14,643,000 versus $11,752,000 for the respective
first nine months of the current and previous fiscal years); and
-- an approximate 35% increase in Backlog (i.e. confirmed but not yet
shipped orders) at January 1, 2001 as compared to the same date in 2000
(approximately $4,776,000 as compared to $3,533,000).
The Company cautions that these preliminary results reported for the Third
Quarter and Nine Months of the current fiscal year are in fact just that,
preliminary, are subject to adjustment and have not been subject to audit.
Further, they are in any case only for the Third Quarter and Nine Months and
thus are not necessarily indicative of what the results will be for the entire
fiscal year. The Company anticipates that it will be filing its 10-QSB report
for the just completed Third Quarter with the SEC in February 2001 and it will
be important for those interested to review that report when it is filed.
This announcement contains forward-looking statements that involve risks and
uncertainties, including those relating to the future business performance of
Astrex. More information about some of the many potential factors which could
affect the Company's business and financial results are included in the
Company's Annual Report on Form 10-KSB for the year ended March 31, 2000,
including (without limitation) under the captions "Description of Business",
"Description of Property" and "Management's Discussion and Analysis or Plan of
Operation," and in the Company's Quarterly Reports on Forms 10-QSB for the
quarters ended June 30, 2000 and September 30, 2000, all of which are on file
with the Securities and Exchange Commission (http://www.sec.gov)
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
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KEYWORD: New York, New York
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