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Technology Stocks : Anyone follow CBLK? -- Ignore unavailable to you. Want to Upgrade?

To: Pat Maguire who wrote (81)	8/10/1999 5:53:00 PM
From: tonto	Read Replies (1) \| Respond to of 102

CBLK releases financials... COLUMBUS, Ohio--(BUSINESS WIRE)--Aug. 10, 1999--Cable Link, Inc. (OTC BB:CBLK - news) announces its second quarter 1999 consolidated financial results today. Net sales for the Company (Cable Link, Inc, and its subsidiary, PC & Parts, Inc. dba Auro Computer Systems) for the second quarter ending June 30, 1999 were $6,198,988 compared to $4,331,464 for the second quarter ending June 30, 1998. This represents an increase of $1,867,524 or 43.1% over the previous year for the same period. The increase in sales is primarily attributable to the inclusion of sales of the Subsidiary. Net losses for the second quarter of 1999 for the Company was ($203,805) or ($.12) fully diluted earnings per share versus net income of $198,051 or $.10 fully diluted earnings per share for the second quarter of 1998. Cable Link continues to show a profit in its CATV division; although, its second quarter sales and profit were below that of the first quarter sales for the period ending March 31, 1999. The consolidated loss continues to be the result of repositioning of its subsidiary. The repositioning of Auro in the second quarter has resulted in less of a loss than the first quarter on 1999 for comparable sales. Auro continues to push forward with new products on the service side of the business and continues to add experienced people in its sales and service areas. According to Bob Binsky, Chairman and CEO, ``We are disappointed with the results in our second quarter. We believe we can do much better. We are entering the second half of our fiscal year with every intention of getting our company to be in a positive earning position.' Cable Link sells new, used and refurbished cable TV equipment in addition to repairing equipment for cable companies within the United States and various international markets. The Company operates both its administrative and manufacturing operations from a single leased facility in Columbus, Ohio. PC & Parts, Inc, dba Auro Computer Systems, a wholly-owned subsidiary, located in Westerville, Ohio, sells its products and provides computer and network services throughout central Ohio. The Subsidiary also assembles computer hardware components into personal computers for a number of customers located in Ohio. Cable Link is a public company and trades over the counter on the bulletin board (OTCBB) under the symbol CBLK.