Alanco Reports Record First Quarter Revenues.SCOTTSDALE Scottsdale, city (1990 pop. 130,069), Maricopa co., central Ariz.; settled in 1895 by Winfield Scott, inc. 1951. It is a resort and retirement center in the Phoenix metropolitan area. , Ariz.--(BUSINESS WIRE)--Oct. 4, 1995--Alanco Environmental Resources Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on symbol: ALAN) today reported record revenues for the first quarter of the company's new fiscal year. For the three month period ending September September: see month. 30, 1995, Alanco reported total revenues of $1,647,032. The figures represent the highest quarterly operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. in the company's history. Revenues for the quarter reflect an increase of 86 percent over the same period one year ago, as well as an increase of 55 percent over the prior quarter ending June June: see month. 30, 1995. For the first fiscal quarter ending September 30, 1994, Alanco reported revenues of $885,267, while revenues for the three months ending June 30, 1995 were $1,061,364. The quarterly revenues include the results of acquisitions by the company of Fry Guy, Inc., and Unique Systems Inc, doing business as National Affiliated Adjustment Company. Both acquisitions were announced in April. The newly acquired operations are responsible for $434,795 of the operating income, while existing operations showed an increase of $326,970 over the prior period a year ago. "This is the kind of steep growth curve we have been working for," said Norman Norman, city (1990 pop. 80,071), seat of Cleveland co., central Okla.; inc. 1891. It is the center of a livestock region. Oil wells, food processing, and printing and publishing contribute to the economy, and there is diverse manufacturing (machinery, communication E. Meyer Mey·er , Annie Florance Nathan 1867-1951. American writer and a founder of Barnard College at Columbia University (1889). Her plays include The Dominant Sex (1911) and Black Souls (1932). , Alanco's President and Chief Executive Officer. "Our revenues have climbed sharply already, even though several of the company's opportunities are still in the very early stages. "For example, our air pollution control technology installation is complete at the Dezhou Heat and Power Plant in China. We are conducting tests there now in preparation for official compliance tests expected later this month. "We are anticipating several contracts upon successful completion of compliance tests. Plus, we are in the early stages of creating a national distribution network for our Fry Guy division. For these reasons I expect our revenue trendline to continue moving up. Our valued shareholders should be very pleased with these dramatic results." CONTACT: Alanco Shareholder Relations 602/874-0448 |
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