AERT First Quarter Sales Up 26% to $8.126 Million.Business Editors & Environmental Writers SPRINGDALE, Ark.--(BUSINESS WIRE)--April 12, 2001 Advanced Environmental Recycling Technologies Inc. (Nasdaq:AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) ), a leader in wood composite technology, announced today that 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. for the quarter ended March 31, 2001, were $8,126,127, up from $6,435,650, an increase of 26% over the comparable period last year. A further breakdown of unaudited gross sales by month: January sales were $2,998,883 up from $1,788,813 a year ago; February sales were $2,396,548 up from $2,306,441; and March sales were $2,730,696 compared to $2,340,396 a year ago. "We are pleased that sales overall increased during this period of economic uncertainty," stated AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team Chairman Joe G. Brooks. "With our focus on improving efficiencies and cost reductions, combined with increasing market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and sales, our AERT associates are working hard to build the company and grow into a strong business that will play an increasingly prominent role in the growing area of composite building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . ," stated Brooks. Additional information will be forthcoming in the near future. Certain of the statements made in this press release by Joe G. Brooks are forward-looking statements within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Such statements involve certain risk and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company's Securities Commission Filings. |
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