Berger Holdings Ltd. Reports Record Revenue; Will Add Two New Board Members.PHILADELPHIA--(BUSINESS WIRE)--Jan. 15, 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 record revenue of $20,752,000 for the year ended Dec. 31, 1997 vs. $19,746,000 for the year ended Dec. 31, 1996. Berger also reported the addition of two new members to its board of directors. John Paul The name John Paul might refer to: Full name
investment assets - anything of material value or usefulness that is owned by a person or company . Kirwin was formerly a partner at McCausland, Keen and Buckman. Also joining the board is Jay Seid, a managing director of Bachow and Associates, a Bala Cynwyd, Pa. based venture capital firm. Seid is also chairman of the board of VISTA Information Solutions Inc. Joseph Weiderman, president and COO stated "This is the second consecutive year of record revenue and with the addition of our recently completed acquisition we anticipate that revenue in 1998 will approximate $40 million resulting in a substantial increase in net operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. ." Theodore A. Schwartz, chairman and 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. stated "The experience and knowledge of the two new board members will help strengthen our ability to achieve our long term growth objectives. They should also add to our exposure within the institutional investment community." Berger Holdings Ltd. is the parent company of Berger Building Products Corp. 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. Matters discussed in this news release contain forward-looking statements. The company notes that a variety of factors could cause the company's actual results and experiences to differ materially from the anticipated results or other expectations in the company's forward-looking statements. Additional information on factors that may affect the operation, performance, development and results of the company's business are discussed in filings of the company with the Securities and Exchange Commission. CONTACT: Berger Holdings Ltd. Theodore A. Schwartz, CEO, 215/355-1200, ext. 123 or Investor Awareness Investor Awareness is knowledge the investment community has of a company. [1] It can be looked at like this: “Do investors know about your company?” If the answer is “yes,” then it could be said that the company has “good investor awareness” Inc. Tony Schor, president, 847/945-2222 |
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