Advanced Technology Holdings Limited Reports First Quarter Record Revenue and Earnings; $1.28 Million Reported Earnings From $6.91 Million Generated Revenues.Business Editors LOS ANGELES--(BUSINESS WIRE)--April 26, 2000 Advanced Technology Holdings Limited, 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. of Score One Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SCRO SCRO Scottish Criminal Records Office (Glasgow, Scotland, UK) SCRO South Central Regional Office SCRO Society for the Conservation and Research of Owls SCRO Scottish Cave Rescue Organisation SCRO Shutdown Control Room Operator ), a leading Chinese designer and manufacturer of printed circuit boards (PCBs), announced proforma earnings of 6 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. for the quarter ended March 21, 2000 with revenue of $6.9 million, beating year-ago first-quarter results by almost 40 percent. 1999 12 months earning of 18 cents per share were generated by $21.5 million in revenue with $3.5 million of net income on a proforma basis. C.W. (Roy) Ho, Chairman and President of Score One, said, "Our record operating results are attributable to both increased sales and improved operating efficiency." The Chairman went on to say, "We anticipate growth exceeding 60% for the calendar year 2000 as compared to calendar year 1999 as we experience new areas of product application and higher levels of market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" ." The Company manufactures specific application printed circuit boards (PCBs) including flexible double sided conductive carbon and polyester based PCBs for use in consumer electronics and telecommunication devices, such as handheld organizers, scientific calculators and mobile phones. The Company's products are sold principally to OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and manufacturers of brand name consumer electronics such as Sharp, Canon, Citizen and Hitachi and is certified at IS09002 level. The Company maintains general offices in Hong Kong with production and warehouse facilities in Dongguan, China where it employs 600 workers. Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion