CGI Holding Corporation Announces Second Quarter Results and the Filing of Form 10-QSB.Business Editors BROOKFIELD, Ill.--(BUSINESS WIRE)--Aug. 22, 2000 CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. Holding Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CGIH), (http://cgiholding.com), announced today the results for its second quarter ended June 30, 2000 and the filing of Form 10-QSB. For the first six months of 2000, sales increased 30% to $7.3 million compared to $5.6 million in the first six months of 1999. Income from Operations increased 276% to $664,497 from $176,487 and the company's net income increased 350% to $337,523 compared to a net income of $75,239 for the same period 1999. Net income per common share increased to 0.03. Increased profitability for the quarter and for the six-month period was primarily the result of the rise in sales and the improved cost control of the Company's operations. CGI Holding Corporation is a holding company which owns 100% of five subsidiaries; Safe Environment Corporation ("SECO-Illinois"), Safe Environment Corporation of Indiana ("SECO-Indiana"), Safe Environment Corporation of Missouri ("SECO-Missouri"), Roli Ink Corporation ("RIC RIC Rhode Island College RIC Rehabilitation Institute of Chicago RIC Regulated Investment Company RIC Royal Irish Constabulary RIC Reuters Instrument Code RIC Roman Imperial Coinage RIC Resources Inventory Committee RIC Rapid Intervention Crew "), and Trifinity, Inc. ("Trifinity"). Safe Environment Corporation ("SECO SECO Secoisolariciresinol SECO State Energy Conservation Office SECO Sociedad Española de Cirugía de la Obesidad SECO Sumter Electric Cooperative, Inc. (Florida) SECO Secrétariat d'Etat al'Economie SECO Sustainer Engine Cut-Off ") currently has three subsidiaries involved in the asbestos abatement Noun 1. asbestos abatement - the removal of asbestos from a public building abatement of a nuisance, nuisance abatement - (law) the removal or termination or destruction of something that has been found to be a nuisance industry, and has recently expanded its services to include lead mitigation in order to better serve its clients overall environmental needs. SECO provides asbestos and lead abatement services to industrial, government and private concerns desiring to remove or abate abate v. to do away with a problem, such as a public or private nuisance or some structure built contrary to public policy. This can include dikes which illegally direct water onto a neighbors property, high volume noise from a rock band or a factory, an improvement asbestos and/or lead in the workplace or residence in order to alleviate the health risks associated with asbestos and/or lead. Roli Ink Corporation ("RIC") manufactures and sells water based printing inks to industrial printers, focusing its marketing efforts on corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. box manufacturers producing display grade boxes. In addition to specialty-corrugated ink, RIC sells ink to envelope and label manufacturers and medical packaging plants, and also sells a conductive and static dissipative coating used in electronics packaging. RIC sells to plants that are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. top-of-the-line custom inks using the finest quality ingredients formulated specifically for their customers' printing equipment. Trifinity, Inc. (formerly known as Personal Care Products, Inc.) is a turn-around/start-up operation that markets and distributes licensed and house brand personal care products and performs contract liquid filling. Trifinity currently has license rights through December 2000, renewable on an annual basis, to distribute and market the Nintendo Game Boy bath collection. Form 10-QSB, along with all the company filings, can be viewed at (http://www.freeedgar.com). This document includes forward-looking statements made under the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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. Such forward looking statements are generally identifiable by the use of the words such as "believe", "expect", "intend", and other words of a similar nature. These statements are based upon management's current expectations, estimates and projections that are subject to risks and uncertainties, including, but not limited to: success of negotiations, availability of financing, political, currency, regulatory, competitive and technological developments. Consequently, actual results could differ materially from those forward-looking statements. CGI Holding Corporation does not undertake, and specifically disclaims any obligation to update any forward-looking statements, which speak only as of the date made. |
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