ATP Announces Nine Month Earnings.Business Editors SAN ANTONIO--(BUSINESS WIRE)--Aug. 14, 2001 Advanced Tobacco Products Inc., d/b/a Advanced Therapeutic Products Inc. ("ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. ") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVTH) today reported after tax earnings of $411,533 (5 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. ) on operating revenues of $501,304 for the nine month period ending June 30, 2001, as compared to $359,262 (4 1/2 cents per share) on operating revenues of $388,724 for the nine month period ending June 30, 2000. In 1987, ATP sold its patented nicotine technology, which forms the basis of the Nicorette(R)/Nicotrol(R) Inhaler inhaler /in·hal·er/ (in-hal´er) 1. an apparatus for administering vapor or volatilized medications by inhalation. 2. ventilator (2). in·hal·er n. , to what is now Pharmacia Corporation ("Pharmacia"), in exchange for product payments of 3% of Pharmacia's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight . In September, 1998, Pharmacia launched the Nicotrol(R) Inhaler nationwide in the U.S. as a prescription product. In addition, the Nicorette(R) Inhaler is sold primarily as an over-the-counter product in 16 European countries, in addition to Russia, Mexico, Australia, New Zealand, Hong Kong, Singapore and Taiwan. ATP understands that additional country launches are planned by Pharmacia as regulatory approvals are granted. The Nicorette(R)/Nicotrol(R) Inhaler is the only nicotine replacement product that is designed to help control a smoker's cravings for cigarettes while providing a key behavioral component of smoking -- the hand-to-mouth ritual. |
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