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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Currency who wrote (7252)	2/23/1999 2:18:00 PM
From: sandstuff	Read Replies (1) \| Respond to of 15987

Diplomat Direct Marketing Corporation Reaches Record Results for FYE 98 Business Wire - February 23, 1999 13:16 STONY POINT, NY--(BUSINESS WIRE)--Feb. 23, 1999-- Sales from Continuing Operations of $74.1 Million Up 328% Operating Income from Continuing Operations of $4.5 Million Up 104% Diplomat Direct Marketing Corporation (NASDAQ: DIPL) (the "Company") announced today (subject to the filing of its 10-K, expected to be filed with the SEC shortly), record net sales for the twelve months ended September 30, 1998, of $74,586,000 from continuing operations versus $17,465,000 for the twelve months ended September 30, 1997, and operating income from continuing operations of $4,492,000 versus $ 2,207,000 for the prior period. Income from continuing operations for the twelve months ended September 30, 1998 was $1,260,000 or $0.12 per share on 10,717,628 average common shares outstanding versus income from continuing operations of $1,262,000 or $0.24 per share on average outstanding of 5,992,454 shares for the twelve months ended September 30, 1997. The 1998 results include the acquisition of Lew Magram by the Company for the twelve months, and the acquisition of the assets of Jean Grayson's Brownstone Studio, Inc. by Brownstone Holdings Inc., a wholly owned subsidiary of the Company for the period beginning November 1997. Lew Magram, Ltd. and Brownstone Holdings Inc. are in the business of mail order catalog sales of women's apparel. After giving effect to the loss from discontinued operations pursuant to the sale of substantially all the assets of its wholly owned subsidiary Biobottoms, Inc. on April 17, 1998, the net loss was ($1,426,000) or ($0.13) per share for the twelve months ended September 30, 1998.