Calprop Corporation Will Host Conference Call and Webcast to Review Record Second Quarter Results.Business Editors MARINA DEL REY Del Rey may refer to:
Homebuilder Will Discuss Business Strategy, Current Operations and Positive Earnings Trends Calprop Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CLPO CLPO Consumer Loan Processing Outlet ), a California and Colorado homebuilder, today announced that it will host a conference call on Thursday, August 16, 2001 at 8 a.m. Pacific Daylight Time (11 a.m. Eastern). Mark Spiro, vice president-finance and chief financial officer, will review the company's record second quarter financial results, current operations, business strategy and positive earnings trends. Investors may participate in the call by dialing toll-free 888/571-5411 or International 416/646-3096, a few minutes before the call is scheduled to begin. Shortly after the call's completion, a conference replay will be available for seven days through midnight (EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ) on Thursday, August 23, 2001. The replay may be accessed at 877/289-8525, or 416/640-1917 for international callers. The replay passcode is No. 134843. Investors may listen to the conference call live via the Internet by logging on to www.calprop.com or www.viavid.com/detailpage.asp?sid=925 approximately fifteen minutes in advance. The call will be archived on each site for 90 days. As previously reported, Calprop's net income for the three months ended June 30, 2001 vaulted nearly eight-fold to $1.7 million, equal to $0.17 per basic and diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share from $813,000 in last year's second quarter. Sales of $26.8 million represented a new second-period high, up 162 percent from $10.2 million in the year-earlier period. Founded in 1961, Marina del Rey, Calif.-based Calprop Corp. builds quality homes in some of the most desirable communities in California and Colorado. Certain statements in this news release regarding future expectations and plans may be regarded as "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. They are subject to various risks, such as weather, soils and environmental risks, earthquakes, and other uncertainties inherent in the business of developing real property which may be beyond the company's control. For a discussion of the contingencies Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. and uncertainties affecting future events and forward-looking statements, see the company's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , as well as other filings with the Securities and Exchange Commission. There can be no assurance that the company will be successful in meeting its expectations. |
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