Antenna Products, Inc. Announces 2000 Fiscal Year End Results.Business Editors WILMINGTON, Del.--(BUSINESS WIRE)--Sept. 6, 2000 Antenna Products, Inc. announced 2000 fiscal year end results today. The Company recorded a net loss of $84,769 (4 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. ) on sales of $7.9 million for the year ended May 31, 2000, as compared with a net profit of $234,369 (13 cents per share) on sales of $7.8 million for the year ended May 31, 1999. The Company closed the year with a year-end backlog of $6.8 million. This compares to $3.3 million in backlog at the end of fiscal year 1999. The loss for the year was the result of the increase in sales and administrative expenses incurred during the acquisition of The Upholstery upholstery, general term for household fittings, hangings, curtains, cushions, and covers. It refers to stuffed, padded, and spring-cushioned furniture, such as chairs and sofas, or to the usually decorative materials and fabrics that cover them. Shop, Inc. in January, 2000 and the purchase of the complete line of commercial telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. antennas known as the Phazar(TM) product line in May, 2000. In the coming year, the Company will continue to provide high quality communication equipment for use in airport instrument landing systems, military applications, electronic surveillance and broadcasting. The Company will also offer an expanded line of commercial wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. products that now include the Phazar(TM) cellular product line. This product line includes flat panel antennas, tower top preamplifiers and Chameleon chameleon (kəmē`lēən, –mēl`yən), small- to medium-sized lizard of the family Chamaeleonidae. About eighty species are found in sub-Saharan Africa, with a few in S Asia. (TM) antennas for the growing domestic and international commercial wireless communications market. Information on new products at Antenna Products Corporation is available on the Internet web page at: www.antennaproducts.com and at: www.phazar.com. The common stock of Antenna Products, Inc., is listed on the Nasdaq SmallCap Market under the trading symbol Trading symbol See: Ticker symbol "ANTP ANTP Asociacion Nacional de Transporte Privado (México) ". This press release contains forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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. include statements concerning plans, objectives, goals, strategies, future events or performances and underlying assumption and other statements, which are other than statements of historical facts. Certain statements contained herein are forward-looking statements and, accordingly, involve risks and uncertainties, which could cause actual results, or outcomes to differ materially from those expressed in the forward-looking statements. The Company's expectations, beliefs and projections are expressed in good faith and are believed by the Company to have a reasonable basis, including without limitations, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties, but there can be no assurance that management's expectations, beliefs or projections will result, or be achieved, or accomplished. |
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