Corporate Profile for Avalon Correctional Services, Inc., dated March 23, 2001.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: March 23, 2001
Company Name: Avalon Correctional Services, Inc.
Address: 13401 Railway Drive
Oklahoma City, OK 73114
Main Telephone
Number: 405/752-8802
Internet Home
Page Address
(URL) www.avaloncorrections.com
Chief Executive
Officer: Donald E. Smith
Chief Financial
Officer: Lloyd Lovely
Investor Relations
Contact: Tiffany Smith
Business number: 405/752-8802
E-mail address: t_smith@avaloncorrections.net
Industry: Private corrections
Trading Symbol/
Exchange: Nasdaq:CITY
Company Description: The Company's development plan implemented by Avalon Avalon (ăv`əlŏn), in Celtic mythology, the blissful otherworld of the dead. In medieval romance it was the island to which the mortally wounded King Arthur was taken, and from which it was expected he would someday return. management during 1999 resulted in record growth and revenues. The $37 million of new funding resulted in revenues more than doubling to $16.8 million in 1999, up from $7.7 million in 1998. Avalon continues this momentum by recently completing its sixth consecutive profitable quarter earning net income for the third quarter of 2000 of $255,000 or $.05 earnings per share. Earnings before interest, depreciation, and income taxes, for the third quarter increased 26% to $1,573,000. |
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