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

To: makin_dough99 who wrote (12384)	4/22/1999 9:12:00 PM
From: Don Metzger	Respond to of 15987

To All:Great earnings on PESO after Markert close!!!!!! Northport Industries Inc. Reports Revenue Up 29 Percent And Profits Up 49 Percent DEL RIO, Texas--(BUSINESS WIRE)--April 22, 1999--Northport Industries Inc. (OTC BB:PESO) announced today results for the first quarter ended March 31, 1999. Revenues increased 29% to $1,279,953 compared to $990,739 for the first quarter of 1998. As a result of increased revenues, income for the current quarter increased 49% to $124,750 compared to $83,706 for the first quarter of 1998. -0- 1997 1998 1999(Unaudited) ---- ---- --------------- REVENUES SALES Sales of products $ 278,510 $990,739 $1,279,953 License fee revenue -- -- -- --------- -------- ---------- Total Revenue $ 278,510 $990,739 $1,279,953 Cost of Sales $ 281,706 $782,860 $1,034,277 --------- -------- ---------- Gross Margin (deficit) $ (3,196) $207,879 $ 245,676 --------- -------- ---------- OPERATING EXPENSES Selling $ 7,780 $ 13,337 $ 14,395 General and administrative $ 148,282 $108,097 $ 100,689 Depreciation $ (8,286) $ 3,539 $ 5,092 Interest $ 9,152 $ (800) $ 750 Bad debts $ 1,534 -- -- --------- -------- ---------- Total operating expenses $ 158,462 $124,173 $ 120,926 --------- -------- ---------- Net Income (loss) before Taxes $(161,658) $ 83,706 $ 124,750 Income Taxes --------- -------- ---------- NET INCOME (LOSS) $(161,658) $83,706 $ 124,750 --------- -------- ---------- --------- -------- ---------- SHAREHOLDERS' EQUITY PROFIT (LOSS) Fully diluted (.032) .016 .023 The Company met planned operating results for the first three months ended March 31, 1999, and is confident of achieving 1999 planned operating results, which show improved revenue and sales throughout 1999. Sales backlog is at an all-time high and the Company has added five new customers since the second quarter of 1997. Except for historical information contained herein, certain matters set forth in this press release are forward-looking statements that are subject to risks and uncertainties, including government regulation and taxation, spending, competition, general economic conditions and other risk factors.