American Nortel Communications Inc. Announces Third Quarter Fiscal 2000 Results of .13/Share vs. .06/Share for Third Quarter Fiscal 1999.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 10, 2000 American 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 third quarter fiscal 2000 and 1999:
2000 1999
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Gross Sales $5,293,884 $4,152,602
Net Income 2,051,309 802,208
E.P.S. .13 .06
All numbers are subject to final audit
Bill Williams, chief executive officer of American Nortel Communications Inc., stated, "I am quite happy with the progress we made during this quarter. This makes our 11th consecutive quarter of profitability. Our balance sheet was strengthened from a cash and current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. position. "This gives us an opportunity to not only pursue our long distance business but to further our small cap investment banking services." Scottsdale-based American Nortel Communications Inc. is a provider of one plus long distance services, international callback The practice of circumventing the high cost of international toll calls by mixing conferencing with special signaling to allow an overseas call to be placed via a U.S. dialtone at much lower rates. , phone cards, and fax services as well as providing investment banking services to qualified small cap companies. Forward-looking statements 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 company's products, competition, new products and technological changes, intellectual property rights and risks. |
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