Global Resources Inc. first-quarter 1996 revenues up 62 percent; net earnings up 72 percent.TEMECULA, Calif.--(BUSINESS WIRE)--May 20, 1996--Management of 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 ), an Alaskan corporation, Monday announced the company increased its revenues for the quarter ended March 31, 1996, compared with the quarter ended March 31, 1995. Revenues were up 62 percent to $3,437,689 from $2,122,324. Net income was up 72 percent to $353,353, or 8 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , from $205,357, or 5 cents per share. Year-end 1995 revenues were $9,691,736 with net earnings of $956,132, or 23 cents per share. ``A successful membership drive was the primary component of our increase in revenues and earnings for the first quarter of 1996,'' said Perry Massie, Global's chairman and chief executive officer. ``We are very encouraged by these results and are especially inspired by progress being made in two other specific areas: advertising and affiliate relations for The Outdoor Channel and product sales for American Prospecting Equipment Co. The Outdoor Channel is quickly becoming a well known national network and our related companies are growing along with it,'' Massie continued. Global, based in Temecula, owns and operates The Outdoor Channel, the first national television network devoted solely to outdoor activities. The network provides high quality programming on topics such as hunting, fishing, scuba diving scuba diving Swimming done underwater with a self-contained underwater-breathing apparatus (scuba), as opposed to skin diving, which requires only a snorkel, goggles, and flippers. Scuba gear was invented by Jacques-Yves Cousteau and Émile Gagnan in 1943. and recreational gold prospecting. The company also owns and operates related businesses which serve the interests of viewers of The Outdoor Channel and other outdoor enthusiasts. These related businesses include LDMA-AU Inc. (Lost Dutchman's), Gold Prospector's Association of America Inc. (GPAA GPAA Gold Prospector's Association of America GPAA Glaucoma Primario de Ángulo Abierto ), the Trips Division and a majority interest in American Prospecting Equipment Co. (APEC APEC in full Asia-Pacific Economic Cooperation Trade group established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional economic blocs (such as the European Union and the North American Free Trade Area) ). Lost Dutchman's is a national recreational gold prospecting campground club with more than 4,700 members and properties in California, Oregon, Alaska, Nevada, Arizona, Colorado, Georgia, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . GPAA is the largest recreational gold prospecting club in the world with approximately 50,000 active members and is the publisher of the Gold Prospector magazine. APEC markets products related to the recreational prospector and publishes a products catalog with is distributed to recreational prospecting enthusiasts. The company's Trips Division sponsors unique recreational prospecting trips to Australia and to the company's 2,300-acre camp located 11 miles west of Nome, Alaska. CONTACT: Global Resources Inc., Temecula Sandy Choo, 909/699-4749 Chuck Meyer, 714/476-2760 |
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