Berger Holdings Ltd. Reports Continued Strong Sales.PHILADELPHIA--(BUSINESS WIRE)--Aug. 25, 1998--Berger Holdings 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 : "BGRH") reported that half way through the third quarter, revenue is up approximately 80% from the comparable 1997 period. The company previously reported a 76% revenue increase to $9,739,000 for the second quarter ending June 30, 1998, resulting in an $854,000 positive cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses for that period (net income plus depreciation and amortization). Theodore A. Schwartz, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , chairman, stated, "We are very pleased with the progress Berger has demonstrated and this interim release is being made in order to keep our current and prospective shareholders informed in this turbulent stock market environment." Berger Holdings Ltd. is the parent company of Berger Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) Co. founded in 1874 and is a manufacturer of roof drainage products and a complete line of residential and commercial snow guards used in the new construction, remodeling remodeling /re·mod·el·ing/ (re-mod´el-ing) reorganization or renovation of an old structure. bone remodeling and renovation markets. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risk and uncertainties including but not limited to, continued acceptance of the company's products in the marketplace, competitive factors, new products and technological changes, the Company's dependence upon third-party suppliers and other risks detailed in the company's periodic reports filing with the Securities and Exchange Commission. CONTACT: Berger Holdings Ltd. Theodore A. Schwartz, CEO, 215/355-1200 Ext. 123 |
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