Fountain Fresh trebles revenues for nine months.SALT LAKE CITY--(BUSINESS WIRE)--Dec. 6, 1994--Fountain Fresh International (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on EBB:FNTF), developers and marketers of 12- and 24-flavor in-store, self-serve Beverage Centers, Tuesday reported that revenues nearly trebled and the operating deficit declined 64 percent during the nine months ended Sept. 30, 1994. Otto Otto, Austrian archduke Otto: see Hapsburg, Otto von. Cutts, president and chief executive officer, said total receipts from soft drink/pure drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. dispensers, sale of distributor licenses and distributor sales amounted to $913,397, up from $311,515 in the year-earlier period. This improvement enabled the company to slash its net loss to $180,691 from $498,497 a year ago, he added. The balance sheet also showed substantial improvement, Cutts noted. Current assets Current Assets Appearing 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. more than doubled to $1,140,731 from $540,114 last year, yielding a current asset-to-current-liability ration ration a fixed allowance of total feed for an animal for one day. Usually specifies the individual ingredients and their amounts and the amounts of the specific nutriments such as carbohydrate, fiber, individual minerals and vitamins. of 4.1 to one. Total assets also more than doubled as did shareholders equity. "With our Beverage Centers delivering fresh, ice-cold, great-tasting soft drinks and pure water to supermarket customers here in the U.S., Canada, Australia and The Philippines at lowest prices in those stores, and negotiations underway with interests in nearly a dozen other countries, our company is progressing rapidly toward profitable operations," Cutts commented. He added that the market shares captured by the 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, Fresh machines in 12 Utah supermarkets ranged from 30 to 60 percent of all bottled soft drinks sold, in some stores topping all Coca Cola Noun 1. Coca Cola - Coca Cola is a trademarked cola Coke cola, dope - carbonated drink flavored with extract from kola nuts (`dope' is a southernism in the United States) and Pepsi soft drink brands combined. -0-
Fountain Fresh International
Financial Summary:
Nine Months Ended Sept. 30,
1994 1993
Revenues $913,397 $311,515
Net income (loss) (180,691) (498,497)
Total assets 2,249,436 908,143
Average shares outstanding 38,545,466 31,948,650
CONTACT: Molesworth Associates Inc., Green Valley, Ariz. Gordon Molesworth, 602/625-0035 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion