Brandevor reports third-quarter profit.REDMOND, Wash.--(BUSINESS WIRE)--Nov. 29, 1994--Brandevor Enterprises Ltd. today announced a profit of $15,988 (US) for the third quarter ending Sept. 30, 1994. Gross beer sales revenues for the period were $698,941 on case sales of 56,358. Revenues are up 61 percent over the same period last year when the company reported sales of $432,235 and losses of $202,933 (US). For the year to date (9 months) gross revenues are reported at $1,969,600, up 35.7 percent from sales for the same period in 1993. Losses for 1994 through September are $116,861 as compared with losses of $520,479 at the same point in 1993. "We are pleased but not surprised by these results," stated Robert M. Imeson, Brandevor president 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. . "This is the second consecutive quarterly profit and an indicator that the company is showing solid progress in line with our projections. We fully expect the positive trend to continue to accelerate through 1995." In a related development, management reported an extremely strong response to its launch of Wild Boar Winter Spiced, the company's premier release of a holiday seasonal beer. Orders for shipment by the end of the year will exceed 35,000 cases and catapult catapult (kăt`əpŭlt'), mechanism used to throw missiles in ancient and medieval warfare. At first, catapults were specifically designed to shoot spears or other missiles at a low trajectory (see bow and arrow). the Wild Boar brand above the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. 100,000 case level for the first time in history. In another development, management reported that, in a vote supervised by the National Labor Relations Board National Labor Relations Board (NLRB), independent agency of the U.S. government created under the National Labor Relations Act of 1935 (Wagner Act), and amended by the acts of 1947 (Taft-Hartley Labor Act) and 1959 (Landrum-Griffin Act), which affirmed labor's right , brewery production employees defeated, by a two-to-one margin, an attempt by the local Dubuque chapter of the Teamsters Union Teamsters Union, U.S. labor union formed in 1903 by the amalgamation of the Team Drivers International Union and the Teamsters National Union. Its full name is the International Brotherhood of Teamsters, Chauffeurs, Warehousemen, and Helpers of America (IBT). to unionize brewing operations. "We are obviously elated e·lat·ed adj. Exultantly proud and joyful. e·lat  ed·ly adv.e·lat by the confidence and support exhibited by our employees," said Ron McCarl, Brandevor v.p. of production and general manager of the brewery. "We regard the vote as a validation of our cooperative teamwork strategy which we credit significantly for the turn around of our operations. This philosophy will be the backbone of our labor policy in the future and I believe that it will assure the opportunity for our growth to continue for the long term." -0- The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has neither approved nor disapproved the contents of this release. CONTACT: Brandevor USA Inc., Redmond, Wash. Robert M. Imeson, 206/881-5095 |
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