AERT March Composite Sales Exceeds $800,000; Sets Monthly Composites Sales Record; Junction Plant Composite Expansion Underway.SPRINGDALE, Ark.--(BUSINESS WIRE)--April 1, 1996--AERT (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) , AERTZ) announced today that the company's sales of its moisture resistant and dimensionally stable 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 . exceeded $800,000 and set a sales record in March (unaudited). "This sales record exceeded the previous composites amount of $500,000 set in July of 1995 by over $300,000 and places the company within striking distance of attaining and sustaining our initial sales goal of 10 million dollars on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis," according to Joe G. Brooks, AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team President. "With the acquisition and installation of additional composite extrusion equipment for our Junction, Texas facility underway, the company is adding and bringing on line two additional extrusion lines for additional composites production. We are currently experiencing a significant sales backlog of approximately 2 million dollars and we are intent on increasing production to meet the requirements of our existing composites customers," states Brooks. "The company is working hard to have a third line operational by May, followed by a fourth later in the summer. We also will be adding a second plastic reclamation line at our Rogers facility in the near future and are intent on attaining our next composites sales goal of one million dollars in the month of May." CONTACT: Advanced Environmental Recycling Technologies, Inc. Joe G. Brooks, 501/750-1299 |
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