Americlean Reports Second Quarter.CHARLOTTE, N.C.--(BUSINESS WIRE)--Nov. 24, 1999-- Americlean(OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AMCX) Americlean, Inc. is pleased to report its interim financial statements for the second quarter ended September 30, 1999. Americlean's revenue for the quarter ended September 30, 1999 was $2,584,571, with gross profit of $702,908. The Company reported a net loss of $349,047, or $0.06 per share. The decline in loss per share from first quarter to second quarter was a result of a decrease in selling, general and administrative expenses. "The operational enhancements that we have deployed during the past two quarters have begun to take effect in our southeast platform company, Boggs & Company. The majority of the benefits will be realized during the third and fourth quarters," said Brett Walker, Vice-President of Americlean. Second quarter financial statements will be available for viewing at Standard & Poor's Advisor Insight web page www.advisorinsight.com under Market Access further to Americlean. AMERICLEAN INC. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AMCX) services the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. dry-cleaning industry, a seven billion dollar annual market that has consistently grown an average rate of 10% each year. The Company has combined the manufacture and supply of dry-cleaning products with an eCommerce and Cash & Carry model, eliminating several tiers of distribution that currently exist. Americlean's strategy is to consolidate this fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. industry by supplying its products and services directly to the consumer. Americlean is approved for and published in the Standard & Poor's Corporate Records listings. 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. and comments herein are made pursuant to 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 Securities Exchange Act of 1934. Such statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc , among other things, the prospects for the company to complete proposed transactions and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. |
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