CUSTOM CRYOGENIC ANNOUNCES FIRST QUARTER EARNINGS.SIMCOE, ONTARIO--(BUSINESS WIRE)--MAY 25, 1995--CUSTOM CRYOGENIC (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : CR) Custom Cryogenic Grinding  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Corporation (CCGC CCGC Canadian Coast Guard College CCGC Canadian Coast Guard Cutter ) today announced its first quarter results for the three months ended March 31, 1995. Revenues for the 1995 three-month period increased 14 percent to $1.57 million compared with $1.38 million for the same period in 1994. Net earnings for the quarter were $81,000, or $0.01 on a per share basis, unchanged from the 1994 period. "Revenues increased satisfactorily during the first quarter in light of some disruptions incurred during manufacturing as a result of the implementation of our new dedicated cell approach," said CCGC President and Chief Executive Officer, Dan Heffernan. "Net earnings remained unchanged compared with last year's because of a somewhat higher cost of sales attributable to a short-term increase in materials cost, the expenses associated with bringing on-stream higher production capacity, and manufacturing equipment maintenance. Additional expenses include higher administrative expenses associated with our new office. Currently, CCGC employs 92 people compared with approximately 70 a year ago. "While we estimate that the second quarter will be similar to the first, the outlook for the second half of the year is for significantly increased sales and earnings as we continue the successive roll out of our new dedicated manufacturing cells and substantially increase our throughput," Mr. Heffernan added. Custom Cryogenic Grinding Corporation (CCGC) is a fully integrated and diversified Canadian reprocessing Reprocessing may refer to:
manufacturing industries npl → industries fpl de transformation around the world. CCGC also provides its customers with R&D and engineering services. The company is the leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer of cryogenically ground rubber and plastic powders produced by its unique proprietary system, which uses approximately 50 percent less nitrogen than conventional methods. CCGC provides a cost-effective, environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] alternative of waste handling versus the high transportation and landfill costs currently incurred by many industries. -0- (The Alberta Stock Exchange has neither approved nor disapproved this news release.) CONTACT: Daniel Heffernan President and C.E.O 519/426-5544 or Lynda Kosalle Controller 519/426-5544 or Anne Lachance Wertheim & Company 416/594-1600 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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