Madera International announces complete turn-around for the fiscal year of 1996/1997.CORAL GABLES Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla.--(BUSINESS WIRE)--June 18, 1997--Madera International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:MDIT MDIT Michigan Department of Information Technology MDIT Medical Digital Imaging Team (University of North Texas) ) proudly announced a complete turn-around for the fiscal year of 1996/1997. The auditors at Harlan & Boettger CPAs has confirmed the dramatic turn-around. -0-
REVENUE: GROSS PROFIT
1ST QUARTER 0 0
2ND QUARTER 245,000 106,000
3RD QUARTER 544,854 273,688
4TH QUARTER 1,121,387 309,874
The 10K will be completed and filed by June 30, 1997. Madera also announced that the company's inventory of raw logs has been dramatically increased in the past several months to accommodate larger shipments during the current fiscal year through an agreement signed last week with Phoenix Display and Packaging Corp. and Spencer Marketing. Management is very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that their subsidiary Madera International Environmental will present additional opportunities for growth in the current year while at the same time, preserve one of the world's greatest resources, the Amazon Rainforest The Amazon Rainforest (Brazilian Portuguese: Floresta Amazônica or Amazônia; Spanish: Selva Amazónica or Amazonía) is a moist broadleaf forest in the Amazon Basin of South America. . CONTACT: Madera International Inc. 305/774-9411 |
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