American Nortel Communications Inc. Announces Fiscal 2000 Results.Business Editors 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)--Sept. 27, 2000 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Nortel Communications Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ARTM ARTM Analysis & Reporting Training Module ARTM Availability Reporting and Tracking Module (replaced by STASS FY96) ARTM Acquisition Reform Training Modules ) Wednesday announced the following sales, net income and earnings per share figures for June 20, fiscal 2000 and 1999:
2000 1999
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Gross Sales 22,923,118 17,103,286
Net Income from Operations 3,662,597 2,311,259
Per Share .24 .15
Net Income before Taxes 4,799,622 4,097,599
Per Share .31 .27
Net Income after Taxes 2,840,906 4,097,599
Per Share .18 .27
All numbers are subject to final audit
Bill Williams, chief executive officer of American Nortel Communications Inc., stated, "We are pleased at our results in what has become a transitional year for American Nortel Communications Inc. While our long distance business has continued to diminish due to drastic reduction in margins, our investment banking division has done extremely well and is an area we will continue to expand." Scottsdale-based American Nortel Communications Inc. is an investment banking group providing investment banking services to qualified small cap companies. It is also a provider of One Plus long distance services. 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. in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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, completion of acquisitions, continued acceptance of the acquired companies' products, competition, new products and technological changes, intellectual property rights and risks. |
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