AMT posts record sales for quarter ended Sept. 30, 1995.VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 12, 1995--Attached is the Oct. 12, 1995 Press Release indicating 2nd quarter sales of $890,000 representing a 32% increase over the same period last year and a 35% increase over the 1st quarter for this fiscal year. CORPORATE UPDATE/MATERIALS AVAILABLE - The September, 1995 issue of Furniture Design and Manufacturing features an article entitled "Making the Switch to Waterbased Finishes". It tells the story of one of AMT's largest L.A. customer's simple, effective switch to AMT's water-based wood coatings. The magazines audience is 51,500 furniture and cabinet makers in the U.S. This is AMT's first national exposure. Calls have come from across the U.S. (Copies available at 1-800-377-8323 or fax 604-682- 3361). - Rohm & Haas (a major supplier in raw materials to the pain industry) has, in a letter dated September 18, 1995, recommended AMT See vPro. as the #1 water-based coatings company in the U.S., to retail furniture giant, IKEA IKEA Ingvar Kamprad Elmtaryd Agunnaryd (Swedish home furnishings retailer founder's initials and location) of Sweden. IKEA is seeking environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] coatings for their worldwide business. (Copies available at 1-800-377-8323 or fax 604-682-3361). - AMT's coatings have passed phase one (durability and hardness) testing by Wattyl, Australia's largest coatings company. Wattyl is interested in water-based coatings to address worker health issues in Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and fire concerns in Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. . Discussions involve licensing AMT's coatings for Wattyl's markets. COMPANY POSTS RECORD SALES FOR QUARTER ENDED SEPTEMBER 30, 1995 30 PERCENT GAIN OVER PREVIOUS BEST QUARTER The Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Alternative Materials Technology, Inc. (AMT) has posted another sales record for the three months ended September 30, 1995. At $890,000 this new record is a 30 percent improvement over the Company's previous best quarter and a 32 percent increase over the same period last year ($672,000). The performance and growing acceptance of the Company's products is convincing an increasing number of potential users that the Company's products do perform as claimed. The steadily increasing number of requets for the Company's products supports a continuation of this sales record. AMT has developed, manufactures and sells a range of water-based wood coatings used in finishing manufactured wood products. AMT has a significant lead over all other coatings suppliers in this market where product's performance on the production line is critical. Where traditional suppliers offer highly toxic highly toxic Occupational medicine adjective Referring to a chemical that 1. Has a median lethal dose–LD50 of ≤ 50 mg/kg when administered orally to 200-300 g albino rats 2. , solvent-based coatings, AMT has five patents pending on user friendly, water-based replacements. AMT's products, which perform better and cost less, are capturing a significant percentage of the $100 million California market at an increasing rate. As more inquiries are being received from potential customers outside California, and because California is a very small percentage of the overall market for the Company's products, marketing attention is now turning to national and world wide markets. AMT Environmental Products Inc. Per: Gordon Ellis President 604/683-3473 1-800-377-8323 (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. toll free) If you wish further information on AMT Environmental Products Inc. call Rick Mark at 1-800-377-8323 The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy and accuracy of this News Release. CONTACT: AMT Environmental Products Inc. Rick Mark, 800/377-8323 INDUSTRY KEYWORD: ENVIRONMENT EARNINGS REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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