Aerosonic Announces Strong Demand Continues.Business Editors CLEARWATER Clearwater, city, United States Clearwater, residential and resort city (1990 pop. 98,784), seat of Pinellas co., W central Fla., on the Pinellas peninsula, between Clearwater Bay and the Gulf of Mexico; inc. 1891. , Fla.--(BUSINESS WIRE)--Jan. 27, 2000 Aerosonic Corp. (AMEX AMEX See: American Stock Exchange :AIM) announced Thursday Thursday: see week. that new orders for its standard products at both the Clearwater and Charlottesville operations continue to be very strong. January orders exceeded $3.4 million with new orders for this fiscal year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. of over $30 million, up 21% compared with the same period last year. Standard product sales are expected to remain strong for fiscal year 2001, providing internal funding for development of new products. This press release contains statements that constitute &uot;forward-looking&uot; statements within the meaning 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. &uot;Forward-looking&uot; statements contained in this press release include the belief of the company and its senior management team with respect to the current price of Aerosonic stock and the future prospects of the company, as well as the assumptions upon which such statements are based. Investors are cautioned that any such 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. are not guarantees of future performance, and involve risks, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release include, but are not limited to, adverse developments with respect to the operations of the company's business units, failure to meet operating objectives or to execute a business plan, and the failure to reach revenue or profit projections. The company undertakes no obligation to update or revise the forward-looking statements contained in this press release to reflect changed assumptions, the occurrence of unanticipated events or change to future operating results over time. |
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