Amistar Makes Announcement.SAN MARCOS San Marcos (săn mär`kəs). 1 City (1990 pop. 38,974), San Diego co., S Calif., a northern suburb of San Diego; settled 1880s, inc. 1963. , Calif.--(BUSINESS WIRE)--April 14, 1999-- Amistar Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMTA AMTA American Music Therapy Association. AMTA, n See American Music Therapy Association. ) today announced sales and earnings for the three months ending March 31, 1999. 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 for the three months ending March 31, 1999 were $4,619,000 as compared to $5,306,000 for the first quarter in 1998. There was a net loss for the three months ended March 31, 1999 of $222,000 or $0.07 per share as compared to a net income of $177,000 or $0.05 per share for the first quarter in 1998. Per share figures are based on 3,136,500 shares outstanding in 1998 and 3,236,500 shares outstanding in 1998. -0-
CONDENSED INCOME STATEMENTS (UNAUDITED)
THREE MONTHS ENDED
March 31,
1999 1998
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Net Sales $4,619,000 $5,306,000
Cost of Sales 3,556,000 3,575,000
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Gross Profit 1,063,000 1,731,000
Other Costs 1,423,000 1,462,000
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Operating Profit (Loss) (360,000) 269,000
Non Operating Income (Expense) ( 10,000) 3,000
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Profit Before Tax (370,000) 272,000
Tax Expense (Benefit) (148,000) 95,000
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Net Income (Loss) $ (222,000) $ 177,000
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Earnings (Loss) per Share $ (0.07) $ 0.05
Average Number of Shares
Outstanding 3,136,500 3,236,500
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