I've been trying to find information on Rod Clawson...see the following two bits.
ASI Board of Directors
Rod Clawson, Project Liaison and Regional Manager. Rod has held management and sales positions in associated industries throughout the Western United States for 20 years. He assists clients in AK, AZ, CA, CO, HI, ID, MT, NM, NV, OR, UT, WA and WY.
also, old information re: split in 1995
KLH Engineering Group reports results; plans one-for-fifty reverse stock split
ENGLEWOOD, Colo.--Nov. 22, 1995--KLH Engineering Group Inc. (OTC Bulletin Board:KLHE) reported a loss of net income of $1,669,005 or (1 cent) per share, on revenues of $298,702, vs. a loss of net income of $808,031 or (1 cent) per share on revenues of $4,283,907 in the previous year's third quarter.
Weighted average common shares outstanding were reported at 120,286,679 vs. 56,700,839 on a comparable quarter basis.
Nine month net income loss for the year was reported at $2,074,991, or (2 cents) per share, on revenues of $5,251,032, vs. a loss of net income of $636,311, or (1 cent) per share on revenues of $8,177,836. Weighted average shares outstanding were reported at 123,354,337 vs. 48,875,524 on a comparable basis.
The company also announced its intention to reverse split its common stock on a one-for-fifty basis, in order to increase the price per share to a level investors will find more attractive.
According to Rod Clawson, president of KLH Constructors: "While the earnings still remained negative for the quarter, KLH Engineering Inc. was able to achieve some very positive results in cost containment. Operating and general and administrative costs declined 28% over the comparable nine-month period. The nine months results, also reflect charges incurred in closing our office in Mexico in mid-year.
"Additionally, third quarter revenues were impacted by a one-time nonrecurring writedown charge of $1,299,177, or 1 cent per share, attributed to our subsidiary, Tomahawk Construction Inc. This charge occurred in conjunction with its emergence from bankruptcy in August, 1995.
"We anticipate that the fourth quarter will be a pivotal point for KLH, with a significant contribution by Tomahawk close at hand. We are also continuing to obtain more diversified contracts with a design/build focus to improve our direction towards profitability."
KLH Engineering Group Inc. is a full-service consulting, engineering, surveying and construction firm based in Englewood, specializing in design/build services for the development community.
CONTACT: REOVEST, Golden, Colo., Bob Oberndorf, 303/642-0073 |
