ACL Semiconductors Announces First Quarter Profit.HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. -- ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. Semiconductors, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACLO ACLO Air Cadet Liaison Officer ) today announced operating results for the first quarter of 2005. For the three months ending March 31, the Company generated net earnings of $190,000, compared with a result of $320,000 during the comparable period in 2004. The company reported sales during the quarter of $28.6 million, compared with $29.5 million for the first quarter of 2004. In announcing the quarterly result, Alan Yang, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACL, commented as follows: "Although our net profit for the first quarter was down on the comparable period last year, it was the first profit recorded following three consecutive quarters without profitability. We are greatly encouraged by our overall performance considering changes that have taken place in the semiconductor industry over the past 12 months. "Anticipated continuing high levels of demand for higher end application memory, plus meaningful internal cost-cutting measures, and a general stabilization of pricing across most semiconductor sectors should underwrite continuing improvement in our performance for the remainder of the year," Mr. Yang concluded. About ACL Semiconductors, Inc. ACL is a leading distributor of Samsung memory chip products, including DRAM, Flash, SRAM See static RAM. SRAM - static random-access memory and Mask ROM products for the Hong Kong and Southern China markets since 1991. ACL Semiconductors, Inc. trades on the OTCBB under the symbol ACLO. Forward-Looking Statements: The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to the Classic Electronics acquisition, beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. |
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