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Non-Tech : ThermaCell Technologies (VCLL) -- Ignore unavailable to you. Want to Upgrade?

To: RavenCrazy who wrote (104)	1/22/1999 3:35:00 PM
From: Joe Griffin	Read Replies (1) \| Respond to of 164

ThermaCell Expects Sales to Increase 20% in 1Q99 and 100% in 2Q99 SARASOTA, Fla., Jan. 21 /PRNewswire/ -- ThermaCell Technologies, Inc. (Nasdaq: VCLL - news) announced that sales for first quarter ended December 31, 1998 are expected to increase approximately 20% to a little more than $900,000 compared to $758,284 in the year ago quarter. Actual first quarter results will be announced mid-February. John Pidorenko, Chairman, President and CEO, said first quarter sales reflect both organic growth as well as a few weeks contribution from the recent acquisition of American Paints, Sealco Systems and T-Coast Pavers. Based on these trends, Mr. Pidorenko said ThermaCell is on track to become profitable for the first time, starting in the second quarter ending March 31, 1999, on an approximate 100% increase in sales to about $1.4 million compared to $712,347 in the year ago second quarter. Mr. Pidorenko noted these estimates do not include any contribution from the Company's new Internet paint store at www.thermacell.com, which is ready to go online pending a merchant account necessary to process credit card payments. In addition, these estimates do not include any sales of the Company's patented VaxCell(TM) microspheres, which are expected to begin shipping in the third quarter ending June 30, 1999. ''In a short amount of time, we have positioned ThermaCell Technologies as a technologically enhanced manufacturer and marketer of paints, coatings and building materials,'' said Mr. Pidorenko. ''Our innovative VaxCell microspheres provide greater insulation, protection, strength, longevity and value in paints, coatings and building materials. Our www.thermacell.com Web site is one of the first e-commerce paint stores on the Internet. And, based on sales trends to date, our more traditional paint, coatings and building materials businesses are producing excellent results.'' Forward-Looking Statements: This news release contains certain ''forward- looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995, which provides a new ''safe harbor'' for these types of statements. To the extent statements in this news release involve, without limitation, product development and introduction plans, the Company's expectations for growth, estimates of future revenue, expenses, profit, cash flow, balance sheet items, sell-through or backlog, forecasts of demand or market trends for the Company's product categories and for the industries in which the Company operates, or any other guidance on future periods, these statements are forward-looking statements. The Company assumes no obligation to update forward-looking statements. CONTACT: Gary Fishman or Kimberly Boshara, both of Hudson Stone, 212-527-4808, for ThermaCell. SOURCE: ThermaCell Technologies, Inc.