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Microcap & Penny Stocks : Madera Int. (WOOD) -- Ignore unavailable to you. Want to Upgrade?

To: rodster397 who wrote (1798)	7/22/1998 12:07:00 PM
From: rockets	Respond to of 3693

NEWS!!!!!!!!RECORD REVENUES!!!!!! That means $$$$$ not assets!!!

To: rodster397 who wrote (1798)	7/22/1998 12:16:00 PM
From: Mike K	Read Replies (2) \| Respond to of 3693

Home - Yahoo! - Help [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] Wednesday July 22, 11:24 am Eastern Time Company Press Release Madera International Announces Record Revenues for First Quarter 1998 CORAL GABLES, Fla.--(BUSINESS WIRE)--July 22, 1998--Madera International Inc. (NASD.BB:WOOD) announced revenues for the first quarter of fiscal year 1998 of $1,819,350, making it the best first quarter in the company's history. Put in perspective, the record revenues for just one quarter represent 40% of the entire fiscal year 1997's record high revenues. The first quarter revenues give further evidence to the company's growth success when they are stated as being 2.3 times revenues for the entire year 1996. Revenues for 1997 were at record levels also being 5.66 times the previous year. Current revenues are well ahead of the record earnings of 2.01 cents per share for fiscal 1997, which ended on March 31, 1998. Ramiro Fernandez-Moris, Madera's CEO and Chairman, stated that ''Management is extremely pleased with results thus far and projects a sustained, healthy and profitable growth for 1998. Based on the steady increase in product orders and fulfillment, the company believes 1998 will represent growth at multiples of 1997's record 566% revenue increase. The steady growth rates our company is achieving has attracted wide recognition and publicity which we believe will result in an improved market valuation for Madera's shareholders.'' Madera International Inc. is the only publicly traded company which is approved under a strict forest management program to harvest and grow specialty products of tropical timber. The company manufactures and markets mahogany, Spanish cedar and other hardwood forest products worldwide. Madera owns 729,000 acres of tropical hardwood timberlands in Brazil and 76,000 acres in Peru along with two processing plants and is a world leader in tropical rain forest preservation and expansion. The company's subsidiary, Madera Intn'l, Environmental oversees environmental preservation programs which include ''Own a Tree(TM)'' and ''Replant a Tree(TM)''. Madera has instituted numerous programs to preserve the plentiful species of life found only in these precious forest habitats. Examples include harvesting with minimal machinery use and planting up to 200 trees for each one harvested. Madera International has received many environmental and government sponsored awards for its care and protection of the Amazon rain forest. Madera International would like to express its appreciation to all shareholders for their continued enthusiastic support in the company's environmental preservation efforts and in management's efforts to maximize shareholder value while maintaining the highest standards of corporate responsibility for care of the Amazon rain forest. For information on conservation programs sponsored by Madera International, visit the internet web sites listed here or contact Madera's Investor Relations at 800/831-8813, replantatree.com or ownatree.com. Contact: Madera International Inc. Investor Relations, 800/831-8813 More Quotes and News:Madera International Inc (OTC BB:WOOD - news)Related News Categories: environmental, paper/forrest Help Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form.