Alternate Marketing Networks Reports Growth in First Quarter Operating Results.GRAND RAPIDS Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , Mich.--(BUSINESS WIRE)--May 12, 1999-- Alternate Marketing Networks, Inc. (Nasdaq:ALTM ALTM Altimeter ALTM ATCCS Layered Telecommunications Model ALTM Airborne Laser Terrain Mapper/Mapping ) today reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $6,935,000 for the quarter ended March 31, 1999, an increase of 64 percent from $4,239,000 in the year earlier period. The Company also reported a net profit of $150,000 or $.04 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, compared to a loss of $93,000 or $.02 per diluted share in the first quarter of 1998. "As expected, the company is beginning to experience the positive impact of several initiatives implemented in 1998. The most obvious evidence is the increase in revenue and profit," said Phillip Phillip is a variant of the name Philip. It may refer to: Given name:
Earlier this quarter Alternate Marketing Networks announced the launch of a comprehensive fraud protection and detection program for its in-home sampling programs. This program is intended to assure that sample products reach the intended targeted consumers. Miller said the company believes its commitment to quality will enhance its future revenue potential with national advertisers. Ruth Ann ANN, Scotch law. Half a year's stipend over and above what is owing for the incumbency due to a minister's relict, or child, or next of kin, after his decease. Wishaw. Also, an abbreviation of annus, year; also of annates. In the old law French writers, ann or rather an, signifies a year. Carroll Car·roll , James 1854-1907. British-born American physician noted for his research on yellow fever. In 1900 he deliberately infected himself with the disease for experimental purposes. , president, added, "The new sales driven strategy when combined with the company's continuous quality improvement is a winning combination for shareholders." Alternate Marketing Networks is a national marketing services company focusing on targeted consumer product sampling, suburban newspaper advertising and delivery of phone directories. The Company provides these unique services by utilizing its proprietary national database, the Media Optimizer Hardware or software that improves performance. See defragment and disk management. (TM), its verification system, End to End Tracking(TM) and its Direct Delivery capabilities. -0-
SELECTED FINANCIAL DATA
Three months ended March 31,
1999 1998
Net sales $ 6,934,811 $ 4,238,896
Income (loss) from operations 156,729 (102,777)
Net income (loss) 150,152 (92,646)
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E.P.S.
Basic $ .04 ($ .02)
Diluted $ .04 ($ .02)
Weighted average shares:
Basic 3,838,396 4,029,806
Diluted 3,838,396 4,029,806
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