AIRBOSS OF AMERICA CORP. REPORTS FINANCIAL RESULTS.MISSISSAUGA Mississauga (mĭsĭsaw`gə), city (1991 pop. 463,388), S Ont., Canada, 12 mi (20 km) W of Toronto on Lake Ontario. A residential suburb of Toronto and a growing transportation and industrial center, it is one of Canada's fastest-growing , Ontario--(BUSINESS WIRE)--FEBRUARY 24, 1995--AIRBOSS OF AMERICA America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BOS) AirBoss of America Corp. reports financial results for the year ended September September: see month. 30, 1994 and the three month transition period ended December 31, 1994. The Company's year end will now be December 31. Sales for the year ended September 30, 1994 reached a level of $6.3 million compared to $4.3 in 1993. This increase is attributable to increased sales to equipment manufacturers and their dealers. AirBoss's new product development program was successful in producing several new tire sizes which should result in the doubling of the product line in fiscal 1995. The Company is in the process of arranging financing and completing due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on the U.S. acquisition previously announced. This will reduce product costs in the future and provide the required production capacity for the new products.
Operating results:
Year Ended September 30 -
1994 1995
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Sales $6,345,186 $4,334,354 Gross profit 1,327,313 1,018,443 Operating loss 1,884,744 1,821,750 Loss per share $0.06 $0.07 Three Months Ended December 31 - Sales-trade 1,422,947 1,239,117 Affiliates 51,960 274,860 Gross profit 344,043 390,659 Operating loss 463,088 361,415 Loss per share $0.013 $0.013 AirBoss of America Corp. holds the exclusive North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. rights to design, manufacture and market AirBoss non-pneumatic tires. The revolutionary AirBoss segmented tire is designed to provide a wide range of industrial and off-road equipment with puncture-free operation and to deliver handling and operator comfort comparable to pneumatic tires Noun 1. pneumatic tire - a tire made of reinforced rubber and filled with compressed air; used on motor vehicles and bicycles etc pneumatic tyre bicycle wheel - the wheel of a bicycle . CONTACT: Robert L. Hagerman President, 905/855-8400 |
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