AZCAR Technologies Announces 1996 First Quarter Earnings.MARKHAM, Ontario--(BUSINESS WIRE)--May 14, 1996--AZCAR TECHNOLOGIES (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : AZZ.A) AZCAR Technologies Incorporated, operating as IMMAD Broadcast Services, today announced first quarter operating results for the quarter ended March 31, 1996. -0-
AZCAR Technologies
Condensed Consolidated Statement of Income
Three Months Ended Three Months Ended
March 31, 1996 March 31, 1995
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Sales (Cdn$000s) $ 3,727 $ 1,070
Net income (Cdn$000s) $ 451 $ 71
Earnings per share
- fully diluted (Cdn cents) 5.1 1.1
Commenting on the results, Stephen Pumple, President and Chief Executive Officer of AZCAR, said, "I am delighted that the results for the first quarter continue to reflect the strong levels of activity that we experienced in 1995. Sales for the quarter reflect significant contributions to the 1996 Atlanta Olympic broadcast facilities of the NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. Domestic US (IBC IBC International Building Code IBC Iraq Body Count IBC Institutional Biosafety Committee IBC Inflammatory Breast Cancer IBC International Business Company IBC Independence Blue Cross IBC Insurance Bureau of Canada IBC International Broadcasting Convention ) facilities, and MEI/Panasonic contracts at the Georgia Dome Atlanta Falcons • • [ (Gymnastics) and Olympic Stadium The Olympic Stadium is the name usually given to the big centrepiece stadium of the Summer Olympic Games. Traditionally, the opening and closing ceremonies and the track & field competitions are held in the Olympic Stadium. (opening and closing ceremonies and track and field), further work on the Direct Broadcast Satellite Systems, marketed as "DISH", for Echostar in Cheyenne and television station KTVK in Phoenix, as well as the sale of custom designed signal processing See DSP. equipment to Rogers Cable Rogers Cable Inc., a subsidiary of Rogers Communications Inc., is Canada's largest cable television service provider with about 2.25 million television customers, and over 930,000 Internet subscribers, in Southern Ontario, New Brunswick and Newfoundland and Labrador. TV at several locations throughout Ontario. Sales, as $3.7 million of the quarter, are substantially ahead of last year and in line with our projections for 1996 full year of $12.8 million. I remain confident of significant new business opportunities and strategic alliances in the rapidly changing and technologically challenging world of digital broadcasting Digital broadcasting is the practice of using digital data rather than analogue waveforms to carry broadcasts over television channels or assigned radio frequency bands. It is becoming increasingly popular for television usage (especially satellite television) but is having a that we service." The Company provides the broadcast and communications industries with integration, installation, project management, manufacturing and design services. In January 1996 the Company went public and trades on the Alberta Stock Exchange with the stock symbol: AZZ.A. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: AZCAR Technologies Incorporated Doug Amy, 403/262-9299 or Vic Hendrickson, 905/470-2545 ext. 244 |
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