AERT Expects Record $10.5 Million 2Q02 Unaudited Gross Sales.Business Editors Advanced Environmental Recycling Technologies Recycling technology Methods for reducing solid waste by reusing discarded materials to make new products. The three integral phases of recycling are the collection of recyclable materials, manufacture or reprocessing of these materials into new products, and , Inc. (Nasdaq:AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) ) announced today that the Company expects 2002 second quarter unaudited gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. to exceed $10.5 million, up in excess of $2 million over the $8.4 million, for the comparative quarter ended June 30, 2001. The previous record was $9.6 million for the quarter ended March 31, 2002. The Company also expects record cash flow and increased profits for the quarter. "The production and sales increases were achieved by our AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team associates with existing production extrusion equipment," stated AERT Chairman Joe G. Brooks. "With ever-increasing demand for AERT products, the Company is finalizing construction and bringing on-line significant additional production capacity during July 2002, at it's composite manufacturing facility in Springdale, Ark.," said Brooks. Additional information will be forthcoming in the near future. The annual meeting of stockholders of Advanced Environmental Recycling Technologies, Inc. will be held at the Northwest Arkansas Holiday Inn, Convention Center, Springdale, Arkansas For the Fayetteville-Springdale-Rogers Metropolitan Area (Northwest Arkansas), see . Springdale is a city in Washington and Benton counties in the northwestern region of Arkansas in the United States. at 10:30 a.m., local time, Friday, July 26, 2002. The statements in this press release regarding the Company's expected sales performance and operating results, its anticipated financial condition and its business strategy constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company's actual operating results to differ materially. Such risks and uncertainties include the extent of market acceptance of the Company's products, the sensitivity of the Company's business to general economic conditions, and the highly competitive markets in which the Company operates. Additional information concerning these risks and uncertainties is contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001. |
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