Allwest Systems International, Inc. Reports Record February 1999 New Contract Sales.DENVER--(BUSINESS WIRE)---March 3, 1999--Allwest Systems International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AWTE) today announced that for the month of February, 1999, the company booked a record number of new contracts totaling more than $1.8 million. This figure is up 220% from the same period last year. Included in the February projects are the Reception Diagnostic Center and Maximum Security Housing Unit in Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Senior Vice President, Ross Thenhaus, "Our sales increased 270% in the first two months over the same period last year. This keeps us on track for a record year in 1999. In addition, the focus on the Colorado and selected correctional projects will increase our margins as compared to prior years." Allwest Systems International, Inc. is a holding company for the Allwest group of companies with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of $12.7 million. The Allwest group is committed to providing integrated life safety systems, which include fire, security, and sound systems for commercial and public facilities such as hospitals, schools, prisons, and military bases. Founded in 1953, Allwest Systems International, Inc. has seen a 600% increase in revenues since Steve Pickett became CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. in 1990, growing from $1.8 million to $12.7 million in annual revenues. See our web page at www.allwestsystems.com. Included in this release are 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. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations reflected in such forward-looking statements will prove to be correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
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