AERT Reports Second Quarter Earnings; Conference Call Scheduled Wednesday, August 18, 2004.SPRINGDALE, Ark. -- Advanced Environmental Recycling Technologies Inc. (Nasdaq:AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) ), a leader in wood composite technology, announced net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight and net income for the second quarter ended June 30, 2004. Net sales for the quarter were $16,162,575, which represented an increase of 60.2%, over the $10,086,456 sales reported for the second quarter of 2003. Net income for the quarter was $857,142. This was a decrease from the $2,392,257 net income reported for the second quarter of 2003. Net income for second quarter 2003, however, included an extraordinary gain of $1,878,221 related to an insurance settlement for an accidental fire at the Company's Junction, Texas Junction is a city in Kimble County, Texas (USA). The population was 2,618 at the 2000 census. It is the county seat of Kimble CountyGR6. Geography Junction is located at (30.489772, -99. facility in March 2003. Note: The Company has scheduled a conference call to discuss quarterly results for 3:00 p.m. ET on Wednesday, August 18, 2004. A live webcast of the conference call will be available to all investors at the AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team Web site at www.aertinc.com. For those who cannot listen to the live broadcast, an audio replay of the call will also be available on the Company's Web site. AERT converts reclaimed plastic and wood fiber waste into Weyerhaeuser ChoiceDek(R) outdoor decking systems, MoistureShield(R) door and window components, and MoistureShield(R) CornerLoc(TM) exterior trim and fascia fascia (făsh`ēə), fibrous tissue network located between the skin and the underlying structure of muscle and bone. Fascia is composed of two layers, a superficial layer and a deep layer. components. AERT operates five manufacturing facilities in Springdale, Ark.; Lowell, Ark.; Tontitown, Ark.; Junction, Texas; and Alexandria, La. The Company's products are sold across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . ChoiceDek Premium decking is marketed exclusively through Lowe's Home Improvement Warehouses throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The statements in this press release and upcoming conference call in regards to 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 in Form 10-KA for the year ended December 31, 2003, filed April 29, 2004. |
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