Azurel Reports Fourth Quarter and Year End Results.NEW YORK--(BUSINESS WIRE)--March 31, 1998--Azurel Ltd. (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 :AZUR) announced today its results for the fourth quarter and year ended Dec. 31, 1997. For the fourth quarter ended Dec. 31, 1997, the company reported net income of $153,254, or $0.03 per share, compared with a loss of $377, 798, or $0.10 per share in the fourth quarter of 1996. Sales for the quarter totaled $3,389,605, compared with sales of $2,277,286 reported in the 1996 fourth quarter. For the year ended Dec. 31, 1997, net loss was $498,503, or $0.11 per share, compared with a loss of $1,372,921, or $0.42 per share reported in the year ended Dec. 31, 1996. Sales for the year ended Dec. 31, 1997, totaled $12,481,556, compared with $3,745,336 for the year ended Dec. 31, 1996. The increase resulted almost entirely from the acquisition of the Private Label Group on Aug. 22, 1996. Azurel Ltd. is a vertically integrated cosmetics cosmetics, preparations externally applied to change or enhance the beauty of skin, hair, nails, lips, and eyes. The use of body paint for ornamental and religious purposes has been common among primitive peoples from prehistoric times (see body-marking). , skin care products and fragrance company uniquely positioned to offer its clients a complete range of services, from concept, product development, manufacturing, marketing and distribution both domestically and internationally. The company has its own manufacturing plant and currently distributes its own proprietary brands worldwide. -0-
Azurel Ltd.
Financial Highlights
Three Months Ended Year Ended
December 31, December 31,
1997 1996 1997 1996
Sales $3,389,605 $2,777,286 $12,481,556 $ 3,745,336(a)
Net income
(loss) $ 153,254 $ (377,798) $ (498,503) $(1,372,921)
Net income
(loss) per
common share $ .03 $ (0.10) $ (0.11) $ (0.42)
Average number
of common shares
outstanding 5,293,745 3,773,747 4,468,325 3,287,759
(a) The increase in 1997 sales resulted almost entirely from the
acquisition of the Private Label Group on Aug. 22, 1996.
This release is available on the KCSA Worldwide website at
www.kcsa.com
CONTACT: Azurel International Ltd., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Frank DeSimone/Diane Papas, 212/317-0712 or KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Worldwide, New York Jeff Corbin/Sarah Shepard Shep·ard , Alan Bartlett, Jr. 1923-1998. American astronaut who on a 15-minute flight on May 5, 1961, became the first American in space. He also commanded the Apollo 14 mission to the moon (1971). Noun 1. 212/682-6300, ext. 214/236 E-mail: kcsa@aol.com America Online's Internet domain address. When sending e-mail to an AOL subscriber via the Internet, the aol.com is the last part of the address; for example: jjones@aol.com. |
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