This is interesting too:
LITTLE ROCK, Ark.--(BUSINESS WIRE)--Oct. 29, 1997--Consolidated
Eco-Systems, Inc. (OTC:EXSO) today reported net earnings and
revenues for the three months ended September 30, 1997. Pre-tax
income for the three months ended September 30, 1997 was $366,183,
compared to $16,674 for the same period ended September 30, 1996.
Total revenues for the quarter ended September 30, 1997 were
$6,837,600 compared with $7,305,636 for the same period in 1996.
Net earnings for the quarter ended September 30, 1997 were $225,972
compared to $10,339 for the same period ended September 30, 1996.
For the quarter ended September 30, 1997, pre-tax income in the
Company's Industrial Services Division was $1,515,243. Revenues for
the Industrial Services Division of the Company for the quarter ended
September 30, 1997 were $3,620,193.
James J. Connors, Jr., President and Chief Executive Officer of
the Company, said, "We are extremely pleased with a profitable third
quarter and particularly happy with the increased results in our
industrial services division, which is a core business for our
Company. We believe that the Company's recovery plan is working and
bearing fruit."
Edward M. Penick, Jr., Chief Financial Officer of the Company,
said, "The recovery effort that Mr. Connors has led is based on
sound fundamentals which include across-the-board cost cuts,
concentration on core businesses, increased marketing efforts, and a
strong business plan. We believe that the third quarter is
indicative of the future of Consolidated Eco-Systems."
This press release contains forward-looking statements with
respect to the results of operations and business of the Company that
involves risk and uncertainties. These risks and uncertainties are
detailed from time-to-time in the Company's filing with the
Securities and Exchange Commission, including the Company's Report on
Form 10-K for the year ended December 31, 1996 and for the quarters
ended March 31, 1997 and June 30, 1997.
CONTACT:
Consolidated Eco-Systems, Inc., Little Rock
James J. Connors, Jr., 334/621-9989
or
Edward M. Penick, Jr., 501/664-7745 |
