Acrodyne Communications, Inc. Reports Third Consecutive Profitable Quarter for the 1st Quarter Ending March 31, 2002.Business Editors COCKEYSVILLE, Md.--(BUSINESS WIRE)--May 16, 2002 Acrodyne Industries, Inc., the operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Acrodyne Communications, an OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → (ACRO acro Acronym ACRO Australian Creative Resources Online ACRO Association of Clinical Research Organizations ACRO American College of Radiation Oncology ACRO Aircraft Crashes Record Office (Geneva, Switzerland) acro acrolein ) and a leading manufacturer of professional broadcast transmission equipment, filed on May 15th, its 10-Q for the first quarter 2002 and reported revenues of $5,821,634 and profits of $81,693. This is the third consecutive quarter the company has generated profits from its operations. Nat Ostroff, Chairman of the Board of Acrodyne, commented, "These results reflect the positive impact of both our product line restructuring and our focus on customer satisfaction. Both our high power Quantum transmitters and our lower power Rohde and Schwarz supplied products are gaining increasing acceptance in the marketplace. Three consecutive quarters of profitability are welcome evidence of our growing success." Acrodyne Industries, Inc., the operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Acrodyne Communications, Inc., and a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , has been an established and respected manufacturer of television broadcast equipment for over three decades. Acrodyne is a leading producer of technically advanced, high quality television transmitters. This press release contains "forward-looking statements" concerning future expectation, plans or strategies that involve a number of risks and uncertainties. The Company wishes to caution readers that certain factors may have affected the Company's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statements to reflect subsequently occurring events or circumstances. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion