TVIN lontime defense supplier for number of products incl anti-terrorism and field support...net inc last year approx $750,000...trades in .14/.15 area...last year also saw 35% increase in rev...mostly unknown till last week...vol since then pretty heavy...low cost to play what should be a strong year:
(COMTEX) B: TVI CORP - Record Revenue and Continuing Profitability for S
B: TVI CORP - Record Revenue and Continuing Profitability for Second Quarter
New York, New York, Aug 08, 2001 (Market News Publishing via COMTEX) -- TVI
Corporation announced Wednesday that its revenues for the quarter ending June 30
had exceeded one million dollars, the first such quarter in many years.
Unaudited financial results for three and six month periods ending June 30, 2001
and 2000 were as follows:
3 mos 2001 3 mos 2000 6 mos 2001 6 mos 2000
Revenue $ 1,032,079 $ 654,765 $ 2,026,217 $ 1,502,072
Cost of Goods 515,317 312,897 1,024683 692,072
Gross Profit 515,762 341,868 1,001,534 810,000
S,G,&A
Expense 233,318 212,441 622,408 432,262
Operating
Income
(Loss) 184,484 129,427 379,126 377,738
Other Income
(Expense) 00 102,644 00 102,644
Option
Exercise
Expense (20,750) 00 (20,750) 00
Net Interest
Expense (627) (2,524) (10,567) (4,862)
Net Income $ 163,107 $ 229,547 $ 347,808 $ 469,076
Earnings per
share .006 .009 .014 .019
Shares
Outstanding 25,246,035 24,401,307 25,246,035 24,401,307
Allen Bender, TVI's CEO, noted that second quarter results had met budget and
were consistent with previous quarters' results. "We continue to concentrate on
developing new revenue streams while maintaining our historical markets," he
said.
Mr. Bender noted that the company's strategic development plan had been
discussed at the Annual Meeting on June 6, and that minutes of the meeting were
available on the company's website on the Internet.
The company noted that revenues were higher as a result of continuing acceptance
of its Counter Terrorism products and specifically its mass casualty
decontamination equipment. Sales of thermal products remain depressed due to
severe funding limits at the ranges.
Mr. Bender noted that detailed quarterly financial data including management's
discussion and analysis will be included in Form 10-QSB to be filed shortly with
the SEC. The report will be available from EDGAR on the Internet.
TVI is a leading manufacturer of quick erect tents and signage, casualty
decontamination systems, and thermal targets. Its stock trades on the OTC
Bulletin Board under the symbol TVIN. More information is available at the
company's website at www.tvicorp.com.
CONTACT: TEL: 301/352-8800 TVI Corporation, Allen Bender
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
-0-
KEYWORD: New York, New York
*** end of story ***
(PR Wires) PRW: TVI Corporation Reports Audited 2000 Results, Receives Unq
PRW: TVI Corporation Reports Audited 2000 Results, Receives Unqualified
Opinion, Sets Annual Meeting
GLENN DALE, Md.--(BUSINESS WIRE)--April 10, 2001--TVI Corporation announced
Tuesday that its Independent Auditors had completed an audit of the
company's financial operations for the year 2000.
Total revenues were $3.2 million and net income was $733,333.
The company's annual meeting of shareholders has been set for Tuesday, June
5, 2001 at 2:00 pm at the offices of the company. A record date of April 20,
2001 has been set. The company is preparing its SEC reports, and will send
information packets to shareholders of record in about two weeks.
The Audit Report did not contain any qualifications relative to the
company's ability to continue as a going concern as did previous reports.
The audit team in its report to the TVI Board noted the company's level of
profitability and improved working capital.
The following table summarizes audited results of financial operations
for the years ending December 31, 2000 and 1999.
2000 1999
Total revenues $3,204,267 $1,934,510
Cost of Sales 1,726,405 1,071,572
Gross Profit 1,477,862 862,938
G & A Expenses 833,936 602,045
Operating Income(Loss) 644,466 260,893
Other Income(Expense) (15,617) (16,706)
Income Taxes 0 0
Extraordinary Income 104,484 108,795
Net Income $733,333 $352,982
Average shares outstanding 24,039,685 23,210,465
Net earnings per share 0.0305 0.0152
Both revenue and income remained strong during the fourth quarter,
representing the company's eighth consecutive quarter of profitability.
Revenues represented a healthy mix of military, public safety, and
commercial sales. Profitable operations continued into 2001, and the first
quarter will be profitable. The company expects to report first quarter
results about May 1.
TVI is a leading manufacturer of thermal targets, quick erect tents and
signage, and casualty decontamination systems. Its stock trades on the OTC
Bulletin Board under the symbol TVIN. More information is available at the
company's website at www.tvicorp.com.
CONTACT: TVI Corporation
Allen Bender, 301/352-8800
Fax: 301/352-8818
10:49 EDT APRIL 10, 2001
*** end of story ***
(COMTEX) B: TVI CORP - Record Revenue and Continuing Profitability for S
B: TVI CORP - Record Revenue and Continuing Profitability for Second Quarter
New York, New York, Aug 08, 2001 (Market News Publishing via COMTEX) -- TVI
Corporation announced Wednesday that its revenues for the quarter ending June 30
had exceeded one million dollars, the first such quarter in many years.
Unaudited financial results for three and six month periods ending June 30, 2001
and 2000 were as follows:
3 mos 2001 3 mos 2000 6 mos 2001 6 mos 2000
Revenue $ 1,032,079 $ 654,765 $ 2,026,217 $ 1,502,072
Cost of Goods 515,317 312,897 1,024683 692,072
Gross Profit 515,762 341,868 1,001,534 810,000
S,G,&A
Expense 233,318 212,441 622,408 432,262
Operating
Income
(Loss) 184,484 129,427 379,126 377,738
Other Income
(Expense) 00 102,644 00 102,644
Option
Exercise
Expense (20,750) 00 (20,750) 00
Net Interest
Expense (627) (2,524) (10,567) (4,862)
Net Income $ 163,107 $ 229,547 $ 347,808 $ 469,076
Earnings per
share .006 .009 .014 .019
Shares
Outstanding 25,246,035 24,401,307 25,246,035 24,401,307
Allen Bender, TVI's CEO, noted that second quarter results had met budget and
were consistent with previous quarters' results. "We continue to concentrate on
developing new revenue streams while maintaining our historical markets," he
said.
Mr. Bender noted that the company's strategic development plan had been
discussed at the Annual Meeting on June 6, and that minutes of the meeting were
available on the company's website on the Internet.
The company noted that revenues were higher as a result of continuing acceptance
of its Counter Terrorism products and specifically its mass casualty
decontamination equipment. Sales of thermal products remain depressed due to
severe funding limits at the ranges.
Mr. Bender noted that detailed quarterly financial data including management's
discussion and analysis will be included in Form 10-QSB to be filed shortly with
the SEC. The report will be available from EDGAR on the Internet.
TVI is a leading manufacturer of quick erect tents and signage, casualty
decontamination systems, and thermal targets. Its stock trades on the OTC
Bulletin Board under the symbol TVIN. More information is available at the
company's website at www.tvicorp.com.
CONTACT: TEL: 301/352-8800 TVI Corporation, Allen Bender
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
(C) 2001 Market News Publishing Inc.
-0-
KEYWORD: New York, New York
*** end of story *** |
