SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.

   Microcap & Penny StocksPESO--Northport Industries Inc.


Previous 10 Next 10 
To: Major Tom who wrote (839)7/20/1999 6:54:00 PM
From: Major Tom
   of 854
 
Not sure but wasn't it the GM strike that hurt peso a bit a while ago. If so maybe the good numbers just released by GM will have the reverse affect and help peso out this time.
Major Tom

Share RecommendKeepReplyMark as Last Read


To: Due Diligence who wrote (836)8/7/1999 10:36:00 AM
From: Major Tom
   of 854
 
NEWS:
Friday August 6, 8:38 pm Eastern Time
Company Press Release
Northport Industries Inc. Reports Revenue Up 14%
DEL RIO, Texas--(BUSINESS WIRE)--Aug. 6, 1999--Northport Industries Inc. (OTC BB:PESO - news) announced today results for the second quarter ended June 31, 1999. Revenues increased 14% to $2,442,891 compared to the $2,131,655 for the second quarter of 1998.

1997 1998 1999
---- ---- ----
REVENUES
SALES
Sales of products $ 753,976 $2,131,655 $2,442,891
License fee revenue
---------- ---------- ----------
Total Revenue $ 753,976 $2,131,655 $2,442,891

COST OF SALES $ 849,419 $1,593,059 $1,952,585
---------- ---------- ----------
Gross Margin
(deficit) ($95,443) $ 538,596 $ 490,306
---------- ---------- ----------

OPERATING EXPENSES
Selling $ 14,567 $ 32,328 $ 31,138
General and
administrative $ 339,656 $ 236,571 $ 213,622
Depreciation $ 22,234 $ 30,411 $ 58,159
Interest $ 9,152 $ 14,832 $ 5,840
Bad debts $ 1,534 $ 39,623
---------- ---------- ----------
Total operating
expenses $ 387,143 $ 353,765 $ 308,759
---------- ---------- ----------
Net Income (loss)
before Taxes ($482,586) $ 184,831 $ 181,547

Income Taxes

NET INCOME (LOSS) ---------- ---------- ----------
($482,586) $ 184,831 $ 181,547
---------- ---------- ----------
---------- ---------- ----------

SHAREHOLDERS' EQUITY

PROFIT (LOSS)
Fully diluted ($0.032) 0.0353 0.0352

NORTHPORT INDUSTRIES INC. The Company announced that due to the slow ramp up on the new automotive contracts and a cut back in the Juvenile Division because of customer high inventory, the Company had lower than expected sales for the second quarter. Mr. Michelini, CEO of the Company, stated that ''although he was very disappointed with this quarter's sales he is very optimistic for the rest of the year. Our backlog is at an all time high with projected sales in October alone to be in access of one million dollars. The sales for the last six months should double that of the first six months.'' The Company also received word that they are QS-9000 approved. QS-9000 is a harmonization of Chrysler's Supplier Quality Assurance, Ford's Q-101 and General Motors' NAO Targets for Excellence. The foundation for QS-9001 is ISO 9001. Mr. Michelini stated ''we are now positioned to be a real player within the automotive supplier chain.''

Except 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.

Share RecommendKeepReplyMark as Last Read


To: Vision21 who wrote (838)8/15/1999 11:08:00 AM
From: Major Tom
   of 854
 
The spread has gotten completely unbelievable.
Major Tom

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Major Tom who wrote (842)8/15/1999 11:40:00 PM
From: Vision21
   of 854
 
I agree with you Tom. nobody will touch this stock at these prices. I am going to try to make a call the them Monday or Tuesday.

Regards
Vision

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Vision21 who wrote (843)9/21/1999 9:10:00 PM
From: Major Tom
   of 854
 
Vision have ya heard anything new.
Major Tom

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Major Tom who wrote (844)11/3/1999 7:46:00 PM
From: Due Diligence
   of 854
 
Did you ever hear anything Major Tom?
dd

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Due Diligence who wrote (845)11/3/1999 8:28:00 PM
From: Major Tom
   of 854
 
No, But the last quarterly came out just about 3 months ago I think.

Major Tom hoping with his fingers crossed waitin for a good quarterly report.

Share RecommendKeepReplyMark as Last Read


To: Due Diligence who wrote (845)11/25/1999 9:56:00 AM
From: Major Tom
   of 854
 
hello out there! We need some excitement around here. Anybody know anything at all.
Major Tom

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Major Tom who wrote (847)12/6/1999 11:35:00 AM
From: RBM
   of 854
 
MT,

I know that I am going to be getting a nice tax loss this year for PESO... can't wait to sell... just hoping for a little movement one way or the other.

Rob

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: RBM who wrote (848)12/13/1999 4:12:00 PM
From: Major Tom
   of 854
 
NEWS:
Monday December 13, 1:11 pm Eastern Time
Company Press Release
Northport Industries Inc. Announces Record Results
DEL RIO, Texas--(BUSINESS WIRE)--Dec. 13, 1999--Northport Industries Inc. (OTCBB:PESO - news) a Del Rio-based contract manufacturer, is proud to announce the financial results of its operations for the third quarter and first nine months of 1999.

Sales for the quarter ended September 30, 1999 were a record $1,236,450 up $572,090 or 86% from sales of $667,360 for the same quarter in 1998. Income from operations was $24,020 for the third quarter 1999, compared with $(79,559) loss for the same quarter in 1998. Income increased by $103,579 to $24,020 or 130% for the quarter ended September 30, 1999, compared to a loss of $(79,559) for the 1998 period.

For the first nine months of 1999, sales were a record $3,679,341, an increase of $886,326 or 31% from sales of $2,796,015 for the first nine months of 1998. Income from operations was $205,567 for the nine months ended September 30, 1999, compared to $105,272 for the same period for 1998. Net Income was $175,051 for the first nine months of 1999, compared to $105,272 for the 1998 period. Net Income increased by 66%.

Bob Michelini, Northport's president stated, ''We are very pleased with our record financial results year-to-date, but this is only the start. The Company in the next 12 months expects to grow from $3,366,892 to over $9,500,000 in revenues, based upon estimates given to the Company by its customers, based upon their 1999 needs.''

Northport Industries Inc. (''Northport'') is engaged through its wholly owned subsidiaries in Maquila (Mexico based) manufacturing for Fortune 500 clients. The Company is an Original Equipment Manufacturer (''OEM'') with two divisions: automotive and infant products.

The Company employs approximately 550 people, including site administration, engineering, materials, quality, prototype and maintenance personnel to complement an experienced work force. The Company's services range from assembly-only services to full materials procurement and assembly contracts referred to as ''turnkey'' contracts. They frequently work with customers from product design and prototype stages through ongoing production, and providing manufacturing services for successive product generations.

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.

--------------------------------------------------------------------------------

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10