|To: TokyoMex who wrote ()||3/7/2000 9:02:00 AM|
YOCREAM International, Inc. Net Income Jumps 53 Percent in First Quarter on 30 Percent Higher Sales|
PORTLAND, Ore., March 2 /PRNewswire/ -- YOCREAM International, Inc. (Nasdaq: YOCM), a manufacturer and wholesaler of frozen desserts and smoothies, today reported its seventh consecutive quarter of increased sales and net income.
Sales rose 30 percent for the quarter ended January 31, 2000 to $2.8 million from $2.2 million in the same 1999 period on the strength of higher demand from existing customers for smoothie and frozen yogurt products. Net income of $76,000 increased 53 percent from $49,500 a year ago -- fueled by higher sales, increased gross margins and lower interest expense. On a per share basis, earnings were up 50 percent to $.03 per diluted share compared to $.02 in the same 1999 quarter.
"Our existing smoothie and frozen yogurt products continue to gain market share," said Douglas Caudell, chief financial officer of YOCREAM International. "In addition, we plan to introduce two new products within the next six months that will further expand our product line in both wholesale and retail markets." At the same time, the company is increasing its presence in the international market and anticipates shipping its initial product to a customer in Great Britain during the second quarter of fiscal 2000.
Caudell said that the company is well positioned for continued growth. "Our balance sheet is strong, " he said. "We have completely paid down our working capital line of credit and reduced interest expense more than 70 percent quarter-over-quarter."
The company has kept pace with growing sales in the past two years from its existing production plant, according to Caudell. During fiscal 2000, additional production capacity is planned by reconfiguring current plant space in Portland and by installing additional equipment. The move is expected to increase production capacity by approximately 50 percent with a minimum of capital expenditure.
YOCREAM International, Inc. makes, markets and sells frozen desserts, snacks and smoothies throughout the United States and in several foreign countries. It sells primarily to food distributors and wholesale clubs; and the company's products are available in restaurants, convenience stores, schools, hospitals, corporate cafeterias and wholesale clubs.
This release may contain certain forward-looking statements, which are based on management's current expectations. Factors that could cause future results to vary materially from these expectations include, but are not limited to, change in distribution abilities, level of customer acceptance of new products, change in co-packing relationships and strategic alliances, and other economic, competitive, governmental, regulatory and factors affecting the company's operations, pricing, products and service. For a more complete discussion of the risks associated with forward-looking information, refer to the Risk Factors contained in the company's Form 10-K filed with the Securities and Exchange Commission on January 28, 2000.
YOCREAM International, Inc.
Three Months Ended
Sales $2,838,025 $2,177,866
Cost of sales 1,965,761 1,527,360
Gross profit 872,264 650,506
Selling, general and
administrative expenses 748,359 559,759
Income from operations 123,905 90,747
Other income (expenses) (482) (22,244)
Income before taxes 123,423 68,503
Income tax provision 47,400 19,000
Net income $76,023 $49,503
Earnings per common share
Basic $0.03 $0.02
Diluted $0.03 $0.02
Shares used in per share calculation
Basic 2,298,391 2,318,908
Diluted 2,336,411 2,384,456
SOURCE: YOCREAM International, Inc.
CONTACT: Terry Lusetti, Investor Relations of YOCREAM International, Inc., 503-256-3754; or Dolores Chenoweth of in.ves'com, 503-469-0338, for YOCREAM International, Inc.
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|To: TokyoMex who wrote ()||3/9/2000 9:30:00 AM|
Exclusive Cruises & Resorts Inc. Announces Completion of New Corporate Web Site, www.xclustock.com|
MIAMI--(BUSINESS WIRE)--March 09, 2000--Exclusive Cruises & Resorts Inc. (OTC BB: XCLU) announced today that the company has established a corporate and investor related Web site at www.xclustock.com.
Dr. George Macropulos, chairman & president of Exclusive Cruises stated: "The establishment of our Web site is an enormous resource for both our clients and Investors. We are able to increase the company's visibility to a vast, and rapidly growing sector of Internet users. This site will also link potential investors/customers with www.eVacationClub.com and once completed, will allow us to fully integrate airline & cruise ticketing, car rental, and vacation sales through the Internet with our subsidiary ExclusiVacations, Inc." With similuar companies such as Travelocity.com, Expedia, Inc. (NASDAQ: EXPE), Priceline.com (NASDAQ: PCLN), Pegasus Systems Inc. (NASDAQ: PEGS) and Galileo International (NYSE: GLC), making substantial investments in the same Internet arena as ExclusiVactions, Inc. in the past 24 months, industry analysts James Kissane of The Bear Stearns Companies Inc. (NYSE: BSC) recently estimated Internet travel sales will approach $30 Billion by 2003 and will only be a fraction of the $3.7 trillion estimated to be spent on worldwide travel sales. "The potential for growth is outstanding," commented Dr. Macropulos. "If ExclusiVactions, Inc. can capture even a fraction of the overall spending numbers, XCLU should grow extremely well."
The site currently includes the company profile, all press releases, and comprehensive investor relations information.
Exclusive Cruises and Resorts, Inc. is the parent company of ExclusiVacations, Inc., it's principal sales and fulfillment arm. The company's sources of revenue include timesharing, cruise and room sales from its own properties, as well as general travel services to its customer base.
Financial statements in this press release other than historical facts are "forward-looking" statements within the meaning of section 27A of the Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results could differ materially from expected results.
For Exclusive Cruises and Resorts, Inc.
Steven G. Trapp & Company, 888/253-2542
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|To: beats_the_s_p500 who wrote (34573)||4/3/2000 2:26:00 PM|
EBLDE about to erupt. "E" coming off, company fully compliant and reporting according to today's news release and daily list: otcbb.com|
Some huge buys coming thru, two blocks of 325,000 at the ask, one at 133,000. Stock starting to move. Lots of news expected soon, probably starting tomorrow or Wednesday after the symbol change. Nasdaq application coming.
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|To: Gator who wrote (34575)||4/7/2000 3:12:00 PM|
|From: Amanda Marley-Clarke|
WLFN - one to watch! Good upside.|
Company Obtains Right to Acquire Internet Based Technology With Travel Portal
VANCOUVER, British Columbia, Mar 24, 2000 /PRNewswire via COMTEX/ -- Wolf
Industries Inc. (OTC Bulletin Board: WLFN) announces that it has entered into an
assignment agreement with a private company, Eastview Capital Inc. for the right
to acquire all the issued and outstanding shares of Interactive Travel Systems
Media Group Inc. ("ITS") and its internet portal, Travelport.com. ITS is a
private internet e-commerce technology and content development company
specializing in the travel and hospitality industry. Completion of the
acquisition of ITS will be subject to funding and performance of due diligence
by both parties.
The Company has agreed to a private placement in the amount of 1,500,000
restricted common shares to be issued at $0.50 per share to raise a total of
$750,000, as to $500,000 pursuant to the requirements for the acquisition, and
$250,000 for working capital.
For Further Information, Call David Smith at 800-545-7214 toll free, or Email:
Certain information included in this communication (as well as information
included in oral statements or other written statements made or to be made by
Wolf Industries Inc.) contains statements that are forward-looking, such a
statements related to the future anticipated direction of the Internet industry,
plans for future expansion, various business development activities, planned
capital expenditures, future funding resources, anticipated sales growth and
potential contracts. These forward-looking statements are subject to a number of
known and unknown risks and uncertainties that could cause actual operations or
results to differ materially from those anticipated.
SOURCE Wolf Industries, Inc.
(C) 2000 PR Newswire. All rights reserved.
CONTACT: David Smith, 800-545-7214, or email@example.com, for Wolf
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