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American Science and Engineering, Inc. Summary of Presentation Given at the Cruttenden Roth Growth Stock Conference, Ritz-Carlton - Laguna Niguel, CA American Science and Engineering, Inc. Summary of Presentation Given at the Cruttenden Roth Growth Stock Conference, Ritz-Carlton - Laguna Niguel, CA Wednesday, February 19, 1997 2:30:00 PM EST LAGUNA NIGUEL, Calif., Feb. 19 /PRNewswire/ -- American Science and Engineering, Inc. (AS&E) (AMEX: ASE) of Billerica, MA is "on the move" with solid growth and a return to profitability after a successful turnaround which began in mid-1993. With new management, 6 new products, a healthy order backlog, and a strong, debt-free balance sheet, this 38-year-old, well- established firm is poised to take advantage of favorable conditions in its key markets. The Company focuses on three primary markets: high-risk government facility protection, drug detection for Customs agencies, and the inspection of cargo, freight, and vehicles to prevent smuggling, terrorism, and trade fraud. AS&E's exclusive Z(R) Backscatter technology is highly effective in detecting plastic explosives, illegal drugs, and other contraband, even when artfully concealed in complex backgrounds by sophisticated terrorists and smugglers. The Company's recent success is reflected in its financial performance. Revenues for the quarter ended 12/27/96 were the highest in nearly 11 years. Twelve-month-trailing (TTM) revenues at 12/27/96 were $26.2 million, a 73% increase over TTM ended 12/29/95. During the same comparable TTM periods, profits rebounded to over $1.7 million from a loss of $105,000, and the Company's stock price rose from $7-5/8 to $13-1/2 at period end. Several factors set AS&E apart from its competition: First, its patented Z(R) Backscatter technology is particularly effective at revealing hidden drugs and plastic explosives and, in several cases, has become the governmental standard for equipment performance. Next, the Company's exclusive CargoSearch(TM) family of new products is the price/performance leader in cargo screening, with an ability to handle everything from small parcels to air cargo and pallets, up to fully-loaded trucks. Another factor is AS&E's prestigious customer base which includes over 12 US Government agencies, such as the US Customs Service, US Dept. of State, the US Capitol Police, the US Postal Service, the US Supreme Court, and several national law enforcement and security agencies. These long-standing customers provide an unmatched referral source, making AS&E "the choice of professionals when the threat is real." Finally, AS&E competes with a world class customer and field service function committed to keeping the over 1,100-machine installed base running at peak performance, anywhere in the world. With around 30% of revenues coming from foreign customers, AS&E is well positioned to capitalize on current global priorities being placed on aviation security, the war on drugs, and the emerging demand for tools to combat trade fraud. SOURCE American Science and Engineering, Inc. - - - - - - - - - - - - - Look at their CHART and see the 02/21/97 breakout. This company is looking like the world leader in airport, customs, gov't SAFETY gear source. IMHO....worth a short and lonterm investment! | ||||||||||||
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