AERT Third Quarter 2002 Unaudited Gross Sales $11.4 Million.Business Editors SPRINGDALE, Ark.--(BUSINESS WIRE)--Oct. 3, 2002 Advanced Environmental Recycling Technologies Inc. (Nasdaq:AERTA AERTA Army Environmental User Requirements and Technology Assessments (US Army) ) 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 Sept. 30, 2002, were $11.4 million, a quarterly sales record and a 21% increase over sales of $9.4 million for the same period last year. A monthly sales record of $4.27 million was set in September 2002, surpassing the previous record in March 2002 of $3.68 million. Unaudited gross sales for the months ended July 31, 2002, and Aug. 31, 2002, were $3.67 million and $3.46 million, respectively. Additional information will be forthcoming in the near future. Advanced Environmental Recycling Technologies Inc. ("AERT AERT Advanced Environmental Recycling Technologies, Inc AERT Animal Emergency Response Team "), a leader in wood composite technology, was established in 1989, manufactures a line 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 . from reclaimed plastic and wood fiber waste for certain specialized applications in the construction industry. The Company operates manufacturing facilities located in 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 Springdale, Ark. AERT's products are marketed under the trade names MoistureShield(R) door and window components, Weyerhaeuser ChoiceDek(R) decking components and MoistureShield(R) CornerLoc(tm) trim system. The statements regarding the Company's 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, including our Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2002, filed Aug. 14, 2002. |
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