Global Timber Corp. announces year-end financial results.LAS VEGAS--(BUSINESS WIRE)--Jan. 22, 1996--Global Timber Corp. (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 :GTRE GTRE Gas Turbine Research Establishment ) announced financial results for the year ended Dec. 31, which was largely as a development-stage company, Jo-Lee Corp. Sales were nil and the loss was 1 cent per share. In November, Global announced that it had changed its corporate name and established its charter as an operating company operating company A business that engages in transactions with outsiders. by exchanging 1.25 million shares of capital stock for the timber rights timber right n. A claim to the trees on property belonging to another. Often used in the plural. to what is now estimated to be 51,391 acres in the Philippines. Global Timber now enters 1996 as a socially responsible natural resources company with international interests. -0-
Global Timber Corp.
Financial Highlights
12 Months
For the periods ending
Dec. 31,
1995 1994
Sales $ -- $ -- Income (loss) $ (121,465) $ (8,017) Net income (loss) per share (1 cent) -- Shares outstanding 9,360,000 1,800,000 CONTACT: Greg McAndrews & Associates, Marina del Rey Del Rey may refer to:
Gregory A. McAndrews, 310/301-3035 |
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