Global Resources, Inc. 2nd quarter revenues up 21% -- earnings up 15%.TEMECULA, Calif.--(BUSINESS WIRE)--Sept. 11, 1995--Global Resources, Inc. (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 : GLRS GLRS Geoscience Laser Ranging System GLRS Geodynamics Laser Sensing System ), announced today it had an increase in revenues and earnings for the second quarter ended June 30, 1995, compared to the first quarter ended March 31, 1995. Revenues for the second quarter of 1995 were up 21% to $2,576,079 from $2,122,324 for the first quarter of 1995. Net income was up 15% to $235,273 or $0.06 per share from $205,357 or $0.05 per share. Global earned $0.29 per share for the year 1994, and expects to eclipse that figure for 1995. Global expects to significantly exceed its revenues of $7,575,187 for 1994 in 1995. Management of Global has been concentrating on the growth and development of The Outdoor Channel and related television programming during 1995. Some notable achievements are as follows: After the construction of a broadcast control room and other facilities and the addition of personnel, on March 1, 1995, The Outdoor Channel began transmitting its programming directly from corporate headquarters in Temecula, Calif. The Outdoor Channel has attended numerous regional cable conventions averaging approximately a convention every 10 days since the national show in May. The Outdoor Channel is continuing to obtain greater exposure and is now a known entity by many professionals in the television and cable industry. Since the beginning of 1995, The Outdoor Channel has added 42 new broadcast and cable affiliates representing over 1.8 million households. In June 1995, Global entered into a production agreement to produce 26 episodes of a high quality version of "The Gold Prospector Show." Global anticipates this show will air on a major cable network in January 1996. Global has significantly increased its Lost Dutchman's Outing schedule and other promotional programs for the third and fourth quarters of 1995, from the same period in 1994, with approximately 15 Outings being scheduled throughout the U.S. Global anticipates this will result in a significant number of new Lost Dutchman's members for the remainder of 1995 and a resultant This article is about the resultant of polynomials. For the result of adding two or more vectors, see Parallelogram rule. For the technique in organ building, see Resultant (organ). In mathematics, the resultant of two monic polynomials increase in revenues and earnings. Global Resources sells memberships in its national recreational mining and campground club through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , LDMA-AU Inc., and arranges tours that allow participants to prospect for precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. -- primarily gold. Global's gold prospecting Gold prospecting is the act of going equipped to find gold in rocks or in stream beds with a view to exploiting that discovery. As described in this document, this is taken to mean individual prospectors, as opposed to those trained and educated individuals working for mining programs are offered to the general public for recreation and education. Interest in this unique, historic activity has increased dramatically and participants are allowed to keep every ounce of gold they find. The trip and membership sales are based on Global's interests in mineral properties in the western and southeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Alaska. Global's wholly owned subsidiary, Gold Prospector's Association of America Inc. (GPAA GPAA Gold Prospector's Association of America GPAA Glaucoma Primario de Ángulo Abierto ), owns the largest recreational gold prospecting club in the world, with over 50,000 members. The GPAA division also owns an extensive mailing list An automated e-mail system on the Internet, which is maintained by subject matter. There are thousands of such lists that reach millions of individuals and businesses. New users generally subscribe by sending an e-mail with the word "subscribe" in it and subsequently receive all new , markets numerous products related to recreational gold mining, publishes the bi-monthly 100-page Gold Prospector magazine and owns The Outdoor Channel. Global has had several straight years of increased earnings and revenues. This trend is expected to continue. CONTACT: Global Resources Inc., Temecula Sandy Choo, 909/699-4749 |
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