Fountain Comments On Decline in Stock Price.WASHINGTON Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. , N.C.--(BUSINESS WIRE)--Oct. 1, 1999-- Fountain fountain, natural or artificially conveyed flow of water. In ancient Greece columnar shrines were built over springs and dedicated to deities or nymphs. In ancient Rome fountains fed by the great aqueduct system furnished water in the streets, in the villa gardens, Powerboat Industries (Nasdaq: FPWR FPWR Fire Precautions (Workplace) Regulations 1997 (UK) ) has stated they know of no reason for the decline in its stock price. At this time, the Company is fully operational building and shipping product. The company believes it is fully insured for all damage and lost production that occurred during hurricanes Dennis Dennis is a male first name derived from the Greco-Roman name Dionysius meaning "servant of Dionysus", the Thracian god of wine, which is ultimately derived from the Greek Dios (Διος, "of Zeus") combined with Nysos or Nysa (Νυσα), where the and Floyd. Its insurance agents are onsite and working with the adjusters and insurance carriers to provide a rapid and equitable equitable adj. 1) just, based on fairness and not legal technicalities. 2) refers to positive remedies (orders to do something, not money damages) employed by the courts to solve disputes or give relief. (See: equity) EQUITABLE. claim resolution. The Company was on a strong track for the first quarter (ended September). Results will be impacted by the loss of production that occurred. The flooding that resulted from hurricane Floyd This article is about the 1999 hurricane. For other storms of the same name, see Tropical Storm Floyd (disambiguation). Hurricane Floyd was the sixth named storm, fourth hurricane, and third major hurricane in the 1999 Atlantic hurricane season. while it did not damage plant and equipment closed most roads in Eastern Carolina and kept employees from reaching the plant. The Company and its insurance agent believes that its business interruption insurance Noun 1. business interruption insurance - insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril will cover losses. While current performance is not at the 1997 levels, the Company has taken steps to restructure its operations. (Strategic change - $2.4mm - 2nd Qtr '99), and expects continued improvement throughout the year. Below is a chart outlining the continuing improvement in operating performance over the last 5 quarters: -0-
Operating Income ($ Thousands)
(Pre-strategic charge)
1998 1999 1999 1999 1999
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4th Qtr 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
$(740) $ (3) $185 $447 $191
Fountain believes its current business is solid and fiscal 2000 will show continued performance gains. Current dealer inventory levels are lower than this time a year ago. The company has recently signed Sundance Marine with four stores in the prime south Florida market. The U.S. Coast Guard has extended its order for four additional boats - $1mm. |
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