Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (113764)	4/17/2003 10:50:19 PM
From: Taki	Read Replies (1) \| Respond to of 150070

Message 18854542

To: Buckey who wrote (113764)	4/18/2003 11:35:17 AM
From: Taki	Read Replies (1) \| Respond to of 150070

AMFR no E.They filed today. The issuer's revenue for the year ended December 31, 2002 were $1,033,038. As of February 28, 2003,there were 167,231,579 shares of the Registrant's Common Stock outstanding and the aggregate market value of such shares held by non-affiliates of the Registrant on February 28, 2003 was $413,811. Documents Incorporated by Reference: None Results of Operations For the year ended December 31, 2002 compared to the year ended December 31, 2001 The Company's net sales decreased by $1,142,731 in 2002 over 2001. This reflects a decrease in net sales of 52.52% over year 2001, and is due to working fewer jobs that take longer to complete but are larger contracts. The Company's gross margin for 2002 was 61.05% of sales compared to 35.89% in year 2001 due to the fact that the Company purchased less materials for jobs in year 2002 by reducing those materials in inventory and also the sales of chemicals was a higher percentage of total revenues. This reduces Cost of Goods because there is significantly less labor involved in the sale of chemicals. Management believes that the gross margin will be higher in 2003 as it has taken steps to assure that materials for the jobs are purchased in accordance with the progress of work completed on the jobs. Selling, general and administrative expenses increased by $2,722,422, which represent a 96.7% increase over year 2001, due to increased costs for consulting services and investor relations services in an effort to improve the public image of the Company to potential investors. The Company decreased its payroll expense by $193,293 or 45.33% through management's efforts to streamline operations. This decrease mainly reflects a reduction in non-essential personnel.