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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Linda L who wrote (30995)	4/5/1999 1:07:00 PM
From: AV8R	Read Replies (2) \| Respond to of 120523

Newbie question - what is "EP"?

To: Linda L who wrote (30995)	4/5/1999 1:11:00 PM
From: SMALL FRY	Read Replies (1) \| Respond to of 120523

SELB - tearing it up after outstanding earnings report... 5X increase in earnings... wish I was in ... PATERSON, N.J., April 5 /PRNewswire/ -- Sel-Leb Marketing, Inc. (NASDAQ:SELB; SELBW) reported increased earnings for 1998. Pretax income was $225,608 for 1998 compared to $51,267 for 1997. Net income for 1998 was $150,884 compared to $27,644 for 1997. Net earnings per share for 1998 was $.14 compared to $.03 for 1997. Mr. Hal Markowitz, Chairman of the Board, stated, "The results for the year 1998 represent a positive turning point in the history of Sel-Leb Marketing. Crucial steps which began in the first quarter of 1998 to reduce the inventory of lower margin merchandise led to the sale of more profitable products throughout the remainder of the year resulting in profits for the second, third and fourth quarters, and for the entire year. This represents the first time in the Company's history that the Company reported a profit for the fourth quarter." Mr. Markowitz added, "that the measures implemented in 1998 created a momentum that management believes will create greater sales and earnings in the first quarter of 1999 versus the first quarter of 1998. We expect continued growth and greater profits throughout 1999 and beyond. "We look forward to the completion this summer of the Company's Web site which will enable the Company to sell its unique cosmetic products over the Web." Sel-Leb Marketing, Inc. is a company primarily engaged in the distribution and marketing of consumer products through mass merchandisers, discount chain stores and food and electronic retailers. Sel-Leb Marketing, Inc. Statement of Income (in thousands except per share amounts) Year Ended December 31, 1998 1997 Revenue $17,275 $17,374 Operating Expense 16,882 17,172 Income Before Taxes 225 51 Income Tax Provision 74 23 Net Income 151 28 Net Earnings Per Common Share $.14 $.03