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.

Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Howard Jampolsky who wrote (507)	7/21/1998 11:07:00 PM
From: Howard Jampolsky	Read Replies (1) \| Respond to of 856

UNITEC REPORTS SECOND QUARTER EARNINGS Unitec today reported second quarter earnings of $119,342 on revenues of $1,619,300 for the six month period ended May 31, 1998. Revenues for the second quarter were $997,769, up 62% over the first quarter's $621,531, while earnings improved visibly by $98,255 during the same three months from $21,087 at the end of the first quarter. Comparatively, earnings were up 45% over the same period last year reflecting management's focused attention to maintaining profitable growth. International sales accounted for 41% of the revenue and generated a 52% gross profit, while domestic sales provided a 39% gross profit. The combined gross profit was 44.2%, up 1.6% from the same period last year. Having completed two successive quarters of positive growth and earnings, a recent financing totaling $1.2 million in equity and loans and with a strong order backlog to work on, Unitec is well positioned to continue its profitable growth through the year. Unitec is an emerging growth company specializing in advanced technology telemetry, SCADA (Supervisory Control and Data Acquisition) systems and environmental monitoring equipment for the water, electricity, oil & gas and transportation sectors. It distributes its products and services through an expanding network of independent agencies in North and South America, the Caribbean, Middle East and S. E. Asia. For further information or to obtain a current Fact Sheet, please contact Howard Jampolsky, or Tina Hoogeveen at (604) 420-8025 or email adminuic@unitec.ca. Updated product, corporate or trading information may be accessed on Unitec's Internet Homepage at: unitec.ca. On Behalf of the Board of Directors, "John B. Smyth" John B. Smyth, President and Director The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.