ATG Announces Fourth-Quarter Revenue.MONROVIA, Calif.--(BUSINESS WIRE)--Aug. 6, 1997--American Technologies Group Inc. (ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ) (BB:ATEG ATEG Assembly for the Teaching of English Grammar ) Wednesday announced that initial estimates of revenues for the fourth quarter of fiscal 1997 are $1.8 million. The revenues were the result of significant increases in the sales of The Force airborne fuel treatment and sales of environmentally safe household detergent detergent (dētûr`jənt, dĭ–), substance that aids in the removal of dirt. Detergents act mainly on the oily films that trap dirt particles. products. These revenues are expected to result in the first profitable quarter, prior to deduction of depreciation and amortization, in the company's six- year history. In addition, the company reached agreement to pay off debt incurred by New Concept Mining Inc., a 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. , incurred in connection with the acquisition of mining and properties and mill facilities at a discount of approximately $300,000. This amount will be considered as a nonrecurring income item. ATG is an advanced-technology company providing the solutions to environmental problems worldwide. Its core technologies and products include The Force combustion enhancer, Ie crystal products, fuel additives, water purification  It has been suggested that , , and be merged into this article or section. and heavy particle heavy particlen. See baryon. heavy particle A subatomic particle with relatively high mass, especially a baryon. Noun 1. beam generation. These technologies have numerous applications in the nuclear, energy, water, mining and oil and gas industries. -0- Except for historical information contained in this release, the statements that relate to estimated third-quarter results and future results in general are 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. that involve risks and uncertainties. Actual results may differ as a result of a number of factors. Potential risks and uncertainties include, but are not limited to, the loss of a principal customer, increased governmental regulation, manufacturing difficulties and increased competition. Additional material information regarding the company is more fully discussed in ATG's filings with the Securities and Exchange Commission. CONTACT: American Technologies Group Inc. Jim Nicastro, 818/357-5000 or Global Consulting Group 310/859-9725 |
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