To: Jerry Lefevre who wrote (457 ) 4/12/1999 3:10:00 PM From: Rich Kaiser Read Replies (1) | Respond to of 487
AIRP's Year End Numbers! AIRP-Financial Highlights for Year End Dec. 1998 Balance Sheet: Total Assets.........$1,810,595 Total Liabilities......$ 275,882 Total Shareholder Equity.....$1,534,713 Long Term Debt.....$-0- Income Summary: Revenue..............$722,268 GOGS................$566,837 GROSS PROFIT 155,431 Net Loss....$1,723,647 Loss Per share......(.038) Evaluation on Financials: Increased assets from $1,137,721 ending 1997 to $1,810,595 ending 1998. This equates to a 60% increase in Assets to the Company in 1998. Liabilities decreased from $1,004,900 ending 1997 to $275,882 ending 1998. This equates to a 76% decrease in Liabilities with NO long term debt. Shareholder equity in 1997 was $132,821 and in 1998 it is $1,543,713. Shareholder equity increases almost 92% for the year ending 1998. Revenue for 1997 was $340,000 and in 1998 it was $722,268. This is an INCREASE in SALES of over 100%. GOGS went down from $ 592,544 for 1997 to $566,837in 1998 which is a DECREASE of 5%. Company had a Gross loss in 1997 of (251,920) and NOW has a GROSS GAIN of $155,431. Net loss in 1997 was $1,824,199 and in 1998 it was $1,723,647 another decrease of 6%. Loss per share decrease 40% from .059 in 1997 to .038 in 1998.(These are financial highlights taken from the certified audit on AIRP year end Dec. 1998. A complete annual report is recommended to further examine the Companies financial condition- Notify the investor relations division to obtain your copy) ================================================================ JUST PLAIN FANTASTIC!!!- A 100% improvement all around. Show me an internet.com company with this type of improvement. Or Better YET...show me an internet Company with a positive flow financial statement like AIRP. This Financial has to be the Best financial that I've seen in my six years with this Co. The annual report looks like Fortune 500 work with a beautifully written overview and a certified audit from the Company's big six CPA's BDO-Siedman, LLP of Los Angles, CA. ( This rhetoric is my opinion and is not to be misconstrued to represent any type of incentive to purchase or sell anything) I thank all of you for your continued support....It's you ,the shareholders, which have continued to help AIR PACKAGING TECHNOLOGIES, INC. to achieve such a GRAND improvement in AIRP's Financial condition..... Stay Tune... I believe more GREAT things are coming in the ensuing weeks and months ahead! With Best Regards, Rich Kaiser International Investor Relations- AIRP