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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Trooper who wrote (31327)	11/5/1998 12:43:00 PM
From: Yo Yo	Read Replies (2) \| Respond to of 34592

WOOD moving up, $0.05 - P/E of 3, Price/Book of 0.1, fully SEC reporting, am I missing something or is this stock really cheap? .................................................................. Madera Releases 1998 Fiscal 10KSB and First Quarter 10Q Both Showing Profits PR Newswire - November 04, 1998 15:26 CORAL GABLES, Fla., Nov. 4 /PRNewswire/ -- Madera International, Inc. (OTC Bulletin Board: WOOD) announced today that its March 31, 1998 Fiscal Year End Audit has finally been completed by its Auditors and the 10KSB annual report will be filed by Friday, November 6, 1998. Ramiro Fernandez-Moris, CEO of WOOD, stated that he was indeed pleased that the audited statement confirmed the profit that had been projected. He indicated that the company achieved a profit of $1,137,670, or $0.017 per share compared to a loss of ($0.002) per share in the previous year. This in on only $4.5 million in sales, which further emphasizes the validity of prior projections, stated Mr. Fernandez-Moris. Furthermore, upon obtaining the numbers provided by the auditors, the company was able to complete its first quarter 10Q, which also shows a profit of $215,694, or $0.003 per share compared to a loss of ($0.005) in the previous year. It was also stated that the asset base of the company continues to grow. It is now $37,906,334, with a shareholder's equity of $36,458,289, or more than $0.50 per share (numbers based upon the audited financial statement). There are currently 72,905,669 shares outstanding. Madera is a wood products company involved in the environmentally sound harvesting of hardwood and exportation of the products derived from Brazil and Peru. For further information, please contact Raymond Bary at the NIBAR Group, Inc. at 415-439-4857. SOURCE Madera Inter