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BPI Packaging Technologies Inc. corrects income/loss before non-recurring charge for three months ended Feb. 23, 1996; $3,739,149 loss, sted gain; income/loss per share before non-recurring charge for twelve months ended Feb. 24, 1995 should be $.01 gain sted loss.


--(BUSINESS WIRE)--

In BW1364 (BPI-PACKAGING) announces twelve month results, in the table, Income (loss) before non-recurring charge for the three months ended Feb. 23, 1996 should read xxx $(3,739,149) sted $3,739,149. Income (loss) per share before non-recurring charge for the twelve months ended Feb. 24, 1995 should read xxx $.01 sted $(.01).

Corrected table follows: -0-
                    BPI PACKAGING TECHNOLOGIES INC.
                         STATEMENTS OF INCOME




                                       THREE MONTHS ENDED
                               Feb. 23, 1996      Feb. 24, 1995
                                          (Unaudited)


Net revenues                    $ 6,897,534        $ 6,755,282


Income (loss) before
 non-recurring charge           $(3,739,149)       $   400,442


Non-recurring charge            $    -             $  (989,917)


Net loss                        $(3,739,149)       $  (589,475)


Income per share before
 non-recurring charge           $    -             $       .03


Net loss per share including
 non-recurring charge           $      (.31)       $      (.05)


Weighted average
 shares outstanding              11,788,722         11,656,363






                                       TWELVE MONTHS ENDED
                               Feb. 23, 1996      Feb. 24, 1995


Net revenues                    $28,839,954        $25,254,645


Income (loss) before
 non-recurring charge           $(4,510,145)       $   142,431


Non-recurring charge            $    -             $  (989,917)


Net loss                        $(4,510,145)       $  (847,486)


Income (loss) per share before
 non-recurring charge           $      (.38)       $       .01


Net loss per share including
 non-recurring charge           $      (.38)       $      (.08)


Weighted average shares
 outstanding                     11,756,532         10,670,040


CONTACT: BPI (Bits Per Inch) The measurement of the number of bits stored in one linear inch of a track (storage channel) on a disk or tape. Bit density on magnetic disks has reached 800,000 bpi (800 Kbpi). See tpi, areal density and magnetic disk.

BPI - bits per inch
 Packaging Technologies Inc., N. Dighton Dighton is either:
  • Dighton, Kansas, United States
  • Dighton, Massachusetts, United States


Dennis Dennis is a male first name derived from the Greco-Roman name Dionysius meaning "servant of Dionysus", the Thracian god of wine, which is ultimately derived from the Greek Dios (Διος, "of Zeus") combined with Nysos or Nysa (Νυσα), where the  N. Caulfield The term Caulfield has the following uses: Places
  • Caulfield, Victoria - suburb in Australia
  • Caulfield, Missouri - a community in Missouri
People
  • Brian Caulfield - Irish venture capitalist
  • Dr.
, 508/824-8636

or

Tower Research Associates, Cleveland Cleveland, former county, England
Cleveland, former county, NE England, created under the Local Government Act of 1972 (effective 1974). It was composed of the county boroughs of Hartlepool and Teeside and parts of the former counties of Durham and


Arthur Arthur, king of Britain: see Arthurian legend.

Arthur

king and hero of Scotland, Wales, and England. [Arthurian Legend: Parrinder, 28]

See : Heroism
 Stupay, 216/861-4816
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Correction Notice
Date:Jun 11, 1996
Words:219
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