Exsorbet Industries, Inc. reports record sales for first quarter March 31, 1995.MULBERRY mulberry, common name for the Moraceae, a family of deciduous or evergreen trees and shrubs, often climbing, mostly of pantropical distribution, and characterized by milky sap. Several genera bear edible fruit, e.g. , Ark.--(BUSINESS WIRE)--April 27, 1995--Exsorbet Industries, Inc. (BULLETIN BOARD:EXSO) announced a net loss of $29,416 or $.0038 per share for the quarter ended March 31, 1995, compared with a net loss of $69,259 or $.0095 in the prior year quarter. Record revenues for the first quarter ended March 31, 1995, rose to $445,843 compared with $45,769 in the quarter ended March 31, 1994, for a 874% increase. "We are extremely pleased with our strong revenue growth for the quarter, and anticipate continued growth in revenues and earnings in the current year," said Floyd Floyd is a variant spelling of the Welsh name Lloyd, which means grey, and may refer to: Places
Exsorbet Industries, Inc. reported total assets of $7,880,913 at March 31, 1995, while total assets were $2,580,769 in the year-earlier period. Total stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. increased from $2,483,572 in 1994 to $6,251,783 in 1995. Exsorbet Industries, Inc. is a leading manufacturer of an organic peat based absorbent absorbent /ab·sor·bent/ (-sor´bent) 1. able to take in, or suck up and incorporate. 2. a tissue structure involved in absorption. 3. a substance that absorbs or promotes absorption. product. Its goal is to help eliminate environmental waste through the use of its natural organic products. -0-
March 31,
1995 1994
Net sales 445,843 45,769
Net loss (29,416) (69,259)
Weighted average common shares outstanding 7,791,618 7,291,375
Loss per share (0.0038) (0.0095)
CONTACT: Exsorbet Industries Inc., Mulberry Charles Charles, archduke of Austria Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by E. Chunn Jr., 800/377-6449 |
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