D.H. Marketing & Consulting Announces Additional Acquisitions.MILFORD, Pa.--(BUSINESS WIRE)--March 5, 1997--D.H. Marketing & Consulting, Inc. is announcing today that it has acquired additional inventory at a cost of $1,725,000 and at a value estimated by the Company in excess of $4,000,000. The purchased inventory, acquired with 150,000 shares of the Company's Treasury Stock, was held by one private collector and consists mainly of an inventory of collectible collectible An asset of limited supply that is sought for a variety of reasons including, it is hoped, an increase in value. Stamps, antiques, coins, and works of art are among the many things usually classified as collectibles. proofs, reprints and banknotes from the American Banknote Company. Most notably, the collection includes 1,000 pieces of 19th century $5,000 denomination Denomination The stated value found on financial instruments. Notes: This term applies to most financial instruments with monetary values. The denomination for bonds and securities would be face value or par value. banknote proofs reprinted by the U.S. Banknote Company. This sizable siz·a·ble also size·a·ble adj. Of considerable size; fairly large. siz  a·ble·ness n. acquisition increases the current assets Current AssetsAppearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. of the Company to over $8,000,000, an increase of $6,000,000 from Audited Financial Statements dated Dec. 31, 1996. Management of the Company has indicated acquisitions of small growth oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. companies, commercial real estate and tangible asset Tangible Asset An asset that has a physical form such as machinery, buildings and land. Notes: This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. collectibles would be instrumental in allowing the Company to achieve its goal of $.17 per share in pre tax earnings. Management had upwardly revised pre tax earnings projections on Feb. 21, 1997 to $.20 per share. Partially as a result of this acquisition, Management of the Company is again upwardly revising pre tax earnings projections to $.25 per share. When reported, this earnings estimate will nearly equal all of 1996 earnings combined and will represent an 88% increase from the quarter ending Dec. 31, 1996. The Company undertook a three for one forward stock split effective Feb. 25, 1997 and, as a result of the stock split, is now forecasting earnings projections related to after split equivalents. "We expect our current rate of acquisitions and earnings growth to continue through 1997 and into 1998," said David D. Hagen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Shareholders of the Company can expect an annual report and notification of Annual Stockholder's Meeting within thirty days. CONTACT: D.H. Marketing & Consulting, Inc. David D. Hagen, 800/786-9613 or 717/296-8515 |
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