ARC Capital expects record profits for the fourth quarter 1996.MEDFORD, Ore.--(BUSINESS WIRE)--Jan. 15, 1997--ARC Capital (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARCCA ARCCA Australian Restoration and Carpet Cleaning Association (Australia) ARCCA Army Reserve Clinical Credentialing Affairs (US Army) ARCCA Army Reserve Centralized Credential Agency (US DoD) ) announced that it expects to report a record profit for the fourth quarter of fiscal year ending Dec. 31, 1996. Sales for the quarter are expected to be approximately $10,000,000 resulting in a net profit ranging from $1,200,000 to $1,400,000. The company also reported that its consolidated gross margins in the fourth quarter were above 50 percent. The company stated that profits during the quarter benefitted from outstanding performance of the company's SRC (SouRCe) Contrast with DST, which is an abbreviation of "destination." VISION subsidiary which generated record sales and gross margins exceeding 56 percent. The company will make a formal announcement of earnings upon completion of its annual audit in February. ARC's operations are comprised of three wholly-owned subsidiaries, SRC VISION, Pulsarr and Ventek, which design, manufacture and distribute automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. machine vision systems used in sorting and defect defect - bug identification and removal processes. CONTACT: ARC Capital Alan Steel, 541/776-7700 or The Wall Street Group Inc. Ronald Stabiner, 212/888-4848 |
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