D.H. Marketing & Consulting reiterates first quarter earnings and increases second quarter estimates.MILFORD Milford. 1 Residential city (1990 pop. 49,938), New Haven co., SW Conn., on Long Island Sound; settled 1639, inc. as a city 1959. Oysters and clams are gathered there for commercial use, and the city also has light manufacturing, such as the production , Pa.--(BUSINESS WIRE)--May 22, 1997--D.H. Marketing & Consulting Inc. is reiterating first quarter pre-tax earnings per share of $.28 according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. internal unaudited financial data previously announced April 7, 1997. The announcement was $.02 higher than management's estimates made March 5, 1997. The earnings result, up 95% from the prior quarter and thirty times the same period one year ago, nearly equals the entire pre-tax earnings of the company in the previous four quarters combined. First quarter post-tax earnings equal $.18 per share, up from $.04 in the year ago period. Actual net income increased from $46,079 to $683,695 during the same period, as sales increased from $203,783 to $1,864,142 for the first quarter. Stock of the company is traded on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Bulletin Board under the symbol "DHMG." "Our forecast for second quarter pre-tax earnings is at least $.30 per share and current activities seem to indicate the balance of the year will continue to be just as strong," 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. when the announcement was first made April 7, 1997. "As a result of increased activity, we are revising pre-tax earnings estimates for the second quarter to $.32 pre-tax per share." In this first quarter, other than the significant increase in earnings, the company was also engaged in acquisition activities, acquiring assets valued in excess of $9,000,000 with both stock and cash. The majority of assets acquired will feed the company's network marketing division and fine art & collectibles division. In addition, the company was successful in acquiring another 55% of the outstanding shares of Qualtronics Corp. Inc., increasing its total interest to 97%. QCI QCI Queen Charlotte Islands QCI Quality Control Inspection QCI Quadratic Configuration Interaction QCI Quality Council of India QCI Quality Control Information QCI Quality Control Index QCI Quality Conformance Inspections , located in Allentown, Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York , is a contract manufacturer of electronic and electromechanical devices Noun 1. electromechanical device - a mechanical device that is operated by electricity mechanical device - mechanism consisting of a device that works on mechanical principles . CONTACT: D.H. Marketing & Consulting Inc., Milford David D. Hagen, 800/786-9613, 717/296-8515 |
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