Astro-Med Forecasts Strong Fourth Quarter; Announces Strategic Alliance.Business Editors WEST WARWICK West Warwick (wôr`wĭk, –`ĭk), town (1990 pop. 29,268), Kent co., central R.I., on the Pawtuxet River; set off from Warwick and inc. 1913. Textile manufacturing remains a leading industry. West Warwick includes the village of River Point. , R.I.--(BUSINESS WIRE)--Nov. 17, 2000 Astro-Med, Inc. (Nasdaq:ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ). During a teleconference with security analysts on November 16, 2000, Astro-Med executives forecast that the Fourth Quarter, which ends January 31, 2001, will be better than the Fourth Quarter of the preceding year. During the Fourth Quarter of the year ended January 31, 2000, Astro-Med reported net earnings of $526,000, equal to 12 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 revenues of $13,062,000. Mr. Albert W. Ondis, Chief Executive Officer, stated: "We will do better in the current Fourth Quarter, both in sales and in earnings per share, than we did last year." During the teleconference the company also announced that it has formed a Strategic Partnership alliance with an undisclosed Asian manufacturer, who will manufacture a new low-cost line of bar code label printers to Astro-Med's specifications. With this new line of printers, to be introduced early in the new year, Astro-Med intends to compete vigorously with industry leaders such as Zebra Technologies Zebra Technologies (NASDAQ: ZBRA) is a manufacturer of thermal bar code label and receipt printers, RFID smart label printer/encoders, and card printers, based in Vernon Hills, Illinois. Zebra has products in 100 countries around the world. . Mr. Ondis stated: "These new printers, to be called our "Pronto pron·to adv. Informal Without delay; quickly. [Spanish, from Latin pr  mptus; see prompt. (TM)" line, will possess features and quality equal to or better than the competition, but will be priced 20% to 25% below them. We believe the Pronto line will be well received both in the domestic market and in the export market." Astro-Med, Inc. is a leading manufacturer of high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments employed around the world in a wide range of industrial, scientific, and medical applications. Additional information on Astro-Med, Inc. is available by visiting www.astromed.com. 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. Statement This news release contains 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 actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY 2000 annual report and its annual and quarterly filings with the Securities and Exchange Commission. |
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