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Microcap & Penny Stocks : Madera International - Symbol WOOD -- Ignore unavailable to you. Want to Upgrade?

To: Jay D. who wrote (1311)	3/2/1999 5:09:00 PM
From: im a survivor	Read Replies (1) \| Respond to of 1979

-------------------------------------------------------------------------------- March 2, 1999 MADERA INTERNATIONAL INC (WOOD) Quarterly Report (SEC form 10QSB) MANAGEMENT' S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS For the Three Months Ended December 31, 1998 Financial Condition: The Company's working capital resources during the three months ended December 31, 1998 were provided by operations and loans from related parties (See Notes to Financial Statements). Loans from related parties provided minimal proceeds during the three months ended December 31, 1998, increasing the Company's debt to related parties. The Company's operations for the three months ended December 31, 1998 utilized cash resources for continuing to build its inventory, due to the seasonality of the business, sales were made during this period and sales and deliveries will continue in the next quarter. Profit for the nine months ended December 31, 1998 is $86,342 and for the quarter is $57,541. Management believes that the Company's working capital resources and anticipated cash flow from timber sales will be sufficient to support operations during the year ending March 31, 1999. However, management continues to seek alternative financing for the continued opportunities in South America. Results of Operations: During the nine months ended December 31, 1998, the Company's sales efforts resulted in increased orders for its hardwoods coupled with increased sales. The Company achieved profitability of $86,342, with a profit for the quarter at $57,541. The Company continues to direct funds toward the accumulation of inventory and the procurement of sales. Based upon existing orders and planned shipping the projection for the entire fiscal year appears profitable. However, it should be noted that seasonality has shifted sales into the third quarter from the second quarter of this fiscal year. The profit for the year is projected to exceed that of last fiscal year. -------------------------------------------------------------------------------- Recent Filings: Nov 1998 (Annual Rpt) \| Jan 1999 (Qtrly Rpt) \| Mar 1999 (Qtrly Rpt) More filings for WOOD available from EDGAR Online EDGAR Online offers detailed company intelligence with Real Time SEC Filings, Full Search, People, Personal and more.