MMRK, out here a few times, is at 1.87 up .37...this pr after close yest:
B: Mile Marker International, Inc. Announces Record 2003 and 2004
B: Mile Marker International, Inc. Announces Record 2003 and 2004 Results and De
POMPANO BEACH, Fla., Feb 17, 2004 (BUSINESS WIRE) -- Mile Marker International,
Inc. (OTCBB:MMRK), a specialty vehicle parts distributor, today announced its
revenues and earnings for the three and twelve months ending December 31, 2003
and its anticipated financial results for the first quarter of 2004. Mile Marker
also announced a quarterly cash dividend of $0.025 per common share.
Mile Marker International, Inc. today announced that it earned net income of
$1,316,427, or $0.13 per common share, for the year ending December 31, 2003,
based on sales revenues of $13,238,315. 2003 sales increased by 31% over 2002
sales of $10,026,670. 2003 earnings were 26% greater than 2002 net earnings of
$1,040,790, or $0.10 per common share. The Company earned net income of
$568,863, or $0.06 per common share, in the fourth quarter of 2003 based on
sales revenues of $4,649,972.
Richard Aho, President and CEO of Mile Marker International, Inc., said: "As we
previously predicted, 2003 was our best year to date in terms of sales, net
income and dividends. We expect the performance momentum of our fourth quarter
to continue into 2004 with the continued success of our new winch product lines.
We anticipate that our first quarter 2004 results will be substantially better
than our first quarter 2003 results. We previously reported net income of
$240,084, or $0.02 per common share, for the first quarter of 2003."
Mile Marker International, Inc. also announced today that its Board of Directors
declared an increase in the Company's quarterly cash dividend from $0.015 per
common share to $0.025 per common share. The increased dividend will be paid on
March 15, 2004 to all shareholders of record as of March 1, 2004. At the
Company's current share price of $1.50, a quarterly dividend of $0.025
represents an annual yield of 6.67%.
Mile Marker International, Inc., through its wholly-owned subsidiary, Mile
Marker, Inc., is a manufacturer and distributor of specialized vehicle parts
primarily for the four-wheel drive utility/recreational and military vehicle
markets. The Company's unique hydraulic winch has received overwhelming
acceptance by the U.S. military for installation on new and retrofitted Humvees.
SOURCE: Mile Marker International, Inc.
CONTACT: Mile Marker International, Inc., Pompano Beach
Al Hirsch, 954-782-0604
al@milemarker.com |
