BCT International Inc. announces the results of its operations for the first quarter.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--June 26, 1997--BCT International Inc. (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 :BCTI BCTI Business Computer Training Institute BCTI Battlefield Control Terminal Interface ) Thursday Thursday: see week. announced the results of its operations for the first quarter. Net income for the three months ended May 31, 1997 was $392,000, which compared to a net loss of $91,000 for the comparable period in fiscal 1997. Revenue was $4,969,000 versus $4,734,000 for the comparable period in fiscal 1997. Earnings per share for the three months ended May 31, 1997 were $.07 compared to a loss of ($.02) in the comparable quarter in 1996. James H. Kaufenberg, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , commented: "We are pleased with the results of the quarter. We showed a revenue gain of 5% despite operating two less company owned Franchises in the current quarter. The paper operations were especially strong showing a revenue gain of 11% over the comparable period in fiscal 1997. These revenue gains combined with a strong emphasis on expense control resulted in the earnings turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. ." BCT BCT Brigade Combat Team BCT Basic Combat Training BCT Best Conventional Pollutant Control Technology (EPA) BCT Business Cards Tomorrow BCT Banque Centrale de Tunisie (Central Bank of Tunisia) International Inc. is a holding company which operates Business Cards Tomorrow Inc. the world's largest wholesale printing chain with 99 Franchises in 38 states and Canada. For further information contact: William Wilkerson, chairman, BCT International Inc., 3000 N.E. 30th Place, Fort Lauderdale, FL 33306, Telephone: 954/563-1224. -0-
BCT INTERNATIONAL INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended
May 31
1997 1996
------------ ------------
Gross revenues $ 4,969 $ 4,734
Cost of sales 2,744 2,406
Selling and administrative
expense 1,592 2,449
Income (loss) before income taxes 633 (121)
Income tax (benefit) expense 241 (30)
Net income (loss) $ 392 $ (91)
Net income (loss) per common
share $ .07 $ (.02)
CONTACT: BCT International Inc., Fort Lauderdale William Wilkerson, Chairman 954/563-1224 |
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