CURTIS INTERNATIONAL LTD. Announces Record First Quarter Fiscal 2000 Results; Net Income Increase of 30.2 % With Revenue up 19.8 %.TORONTO--(BUSINESS WIRE)--Oct. 18, 1999-- CURTIS (Nasdaq:CURT) reported record revenue and net income for its first quarter of Fiscal 2000. Three-month fiscal 2000 revenues were $10,413,498 versus $8,693,213, an increase of 19.8 %. Net Income was $442,899 an increase of 30.2 % from the $340,078 net income of Fiscal 1999. Curtis' President, Aaron Herzog, remarked "We had recently reported record fiscal 1999 year end results and are extremely pleased with our continued impressive growth in both revenue and income. We continue to succeed in opening new accounts and markets for our product lines." The Company has stated that it believes its stock price does not reflect its performance and has recently announced a limited share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program. Curtis, develops, markets and distributes a broad range of consumer audio and telecommunication products. Its recent entry into the U.S. market has been highly successful. The Company's customers include mass merchandisers such as Bradlees, Dollar General, Bi-Way Stores and Family Dollar; drug store chains such as Rite-Aid, London Drugs London Drugs is a large chain of Canadian retail stores that provides a wide range of products and health services. The store carries a range of merchandise from personal care products to electronics and computers. , Thrifty Payless Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Store chains in the western United States. The combined company was formed when Los Angeles-based TCH Corporation, the parent company of , Jean Coutu Jean Coutu could be:
QVC Question Valid Command , The Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. , Shop at Home; consumer electronic retailers such as Future Shop, Fry's and ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Warehouse; and appliance and department stores such as Boscov. Disclaimer: This news release contains forward-looking statements as defined by 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. Forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral and whether made by or on behalf of the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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