AERT Reports Second Quarter Gross Sales.Business Editors SPRINGDALE, Ark.--(BUSINESS WIRE)--July 25, 2003 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 June 30, 2003, were $10.568 million, down slightly from the $10.683 million in sales for the quarter ended June 30, 2002. Unaudited gross sales for the six months ended June 30, 2003, increased to $22.0 million, up $1.8 million or 9%, over the $20.2 million reported for the six months ended June 30, 2002. Additional information will be forthcoming when the Company files its Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2003, in the near future. About AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team : The Company operates four manufacturing facilities in Springdale, Ark., Lowell, Ark., 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. , and Alexandria, La. The Company 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 products are sold across North America. ChoiceDek Premium decking is marketed exclusively through Lowe's Home Improvement Warehouses throughout the United States. The statement in this press release in regards to the Company's expected sales performance and operating results, its anticipated financial condition and its business strategy constitute "forward-looking statements" 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-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 Dec. 31, 2002 filed April 11, 2003. |
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