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To: Bucky Katt who wrote (6856)	4/14/1998 2:08:00 PM
From: Logistics	Respond to of 34592

In SEMI - Thanks Guys Great Fundamentals JL

To: Bucky Katt who wrote (6856)	4/14/1998 2:09:00 PM
From: Starduster	Respond to of 34592

William, these are the correct figures. Hot off the Wire...............see below !!! 10:15 AM BW GTII Announces $1.34 Basic Earnings per Share Before Taxes for 1997 GTII Announces $1.34 Basic Earnings perShare Before Taxes for 1997 April 14, 1998 10:15 AM ALBUQUERQUE, N.M.--(BUSINESS WIRE)--April 14, 1998--Golden Triangle Industries, Inc. GTII of Albuquerque, NM, reported $1.34 basic earnings per share before taxes for 1997 compared to $0.81 for the same period last year. Financial Highlights Year Ended December 31 1997 1996 Basic earnings per share (before taxes) $ 1.34 $ .081 Income before taxes $ 738,898 $ 632,519 Basic earnings per share (after taxes) $ 0.46 $ 0.45 Total assets $6,796,852 $6,113,063 Net income $ 438,784 $ 351,195 Gross profits $1,517,611 $1,459,242 Oil and gas production $ 448,359 $ 311,221 These audited numbers should be read in conjunction with the complete notes which may be obtained upon request from the Company or by accessing our web site @www.goldtri.com. Of significant importance are GTII's continuing successful efforts to invest the Company's profits and expand into new areas such as the new oil reclamation plant, trucking services and large equipment services. This is directly shown in the continued increase in the Company's total assets. Management feels that these new projects have positioned GTII's first quarter of 1998 to be one of the best in the Company's history. GTII plans to purchase additional trucks and heavy equipment, that are already in overwhelming demand, as money from the warrant offering becomes available. Management is extremely pleased with the increased revenues received from oil and gas production, most of which comes from Australia. Revenues for this area were up an outstanding 44% from 1996 to 1997. For additional information please contact Glenn Gagnon or Shawna Owens at 505/856-5075. Top Terms of Use, and Privacy Policy. c 1996-98 Microsoft Corporation and/or its suppliers. All rights reserved. c 1998 Business Wire.