American Resources of Delaware announces financial results.TUCSON Tucson (t  `sŏn'), city (1990 pop. 405,390), seat of Pima co., SE Ariz.; inc. 1877. , Ariz.--(BUSINESS WIRE)--Nov. 16, 1994--American Resources
of Delaware Delaware, state, United StatesDelaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). Inc. (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 :GASS GASS Greenland Air Surveillance System GASS Gas Analyzing Sensor System GASS Guidance Accuracy Study for SPRINT GASS Google AdSense Stats Syndrome GASS Generic Application Simulation System (Boeing Rotocraft) ) Wednesday Wednesday: see week. announced earnings for the third quarter: -0-
American Resources of Delaware Inc.
and Subsidiary
Condensed, Consolidated Statements of Operations
(Unaudited)
Quarter Ended Nine Months Ended
Sept. 30 Sept. 30
1994 1993 1994 1993
Revenues $3,181,912 $91,938 $7,377,519 $266,585
Income (loss
from operations) 32,959 (250,940) 377,083 (576,312)
Other income
(expense) (18,893) 4,130 (236,564) (177,611)
Extraordinary item -0- -0- 252,436(a) 9,082,339(a)
Net income $14,066 $(246,810) $392,955 8,328,416
Earnings per share:
Primary:
Income (loss from
operations) $.01 $(.25) $.15 $(.80)
Other income
(expense) (.01) .01 (.09) (.25)
Extraordinary item -- -- .10 12.57
Net income -0- $(.24) $.16 $11.52
Stock dividend (.06) (.06)
Weighted average
shares 2,842,994 1,013,905 2,513,924 722,706
Fully diluted:
Income (loss from
operations) $.01 $.13 $(.44)
Other income
(expense) (.01) (.08) (.14)
Extraordinary item -- .09 6.94
Net income -0- $.14 $6.36
Weighted average
shares 3,234,008 2,811,899 1,308,395
(a) The discharge of the Debtor's obligations totaling $9,082,339
pursuant to a Plan of Reorganization was recognized in the April
1993 financial statements as an "Extraordinary Item" and $252,436
deferred gain from June 1994 settlement of indebtness.
CONTACT: 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 Resources of Delaware Inc., Tucson Andrew J. Kacic, 602/722-4205 or 800/998-6683 |
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