AERT Sets Monthly Sales Record.SPRINGDALE, Ark.---(BUSINESS WIRE)--March 12, 1999--Advanced Environmental Recycling Technologies, Inc. (Nasdaq:AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) ) announced today that AERT's monthly sales for February were approximately $1.6 million and set a new monthly sales record for the Company. Year to date sales through February exceeded $3 million. Both are AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team firsts. This compares with February sales of $854,623 and sales of $1.67 million for the comparable period a year ago. This represents an increase of 87% and 80%, respectively, over prior periods. Joe G. Brooks, AERT's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "The Company's multi-purpose Springdale, Ark. facility continues to improve and with the second extrusion line now beginning to level out, we expect sales to continue to increase significantly during subsequent periods." The third composite-extrusion line for Springdale is currently under construction and should commence start-up in May 1999. 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, including those concerning the Springdale facility and provisions of revenue streams from all such production lines. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include the ability of the Company to timely and correctly execute its expansion and construction plans and other risks more fully described in the Company's 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 fiscal year 1997 and Form 10-Q Form 10-Q See 10-Q. for the period ended Sept. 30, 1998. The 10-K for fiscal year 1998 will be released late March 1999. |
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