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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (29234)	5/7/1999 8:27:00 AM
From: Upstock	Read Replies (1) \| Respond to of 79382

CADE news: Friday May 7, 8:01 am Eastern Time Company Press Release SOURCE: Cade Industries, Inc. Cade Industries Forecasts Revenue, Earnings Gains for 1999 LANSING, Mich., May 7 /PRNewswire/ -- Cade Industries, Inc. (Nasdaq: CADE - news), a leading supplier of products and services to the aerospace and air transport industries, expects to increase earnings by 25 percent in 1999, on a 10 to 15 percent gain in revenue. Richard Lund, chief executive officer, told shareholders at Cade's annual meeting here, that the company ''should generate solid improvements over 1998'' and ''achieve earnings per share of 24 to 25 cents, up from 19 cents per share reported for 1998.'' Lund also expects the company will complete its one million-share stock repurchase program in 1999. Shares repurchased through the first quarter ended March 31, 1999 totaled 210,000. One of the company's strategic initiatives for 1999, Lund said, is to ''build upon Cade's international customers.'' In 1998, Cade generated 39.7 percent of its total sales from international customers, and ''These global customers represent significant progress in building a strong international customer base which can be further expanded,'' he added. Other corporate goals Lund cited included expansion of aftermarket services, and additional technological innovations in advanced materials applications. The increased capabilities in aftermarket services include a significant expansion of overhaul and repair capacity at Cade HAC, Inc., the company's subsidiary in Grand Prairie, Texas. ''I believe our 1999 business plan provides the road map necessary to progress towards achieving our objectives,'' Lund concluded. At the meeting, shareholders reelected seven directors. The directors are Molly Flynn Cade; Conrad G. Goodkind; William T. Gross; Richard A. Lund; Joseph R. O'Gorman; Terrell L. Ruhlman; and John W. Sandford.