CPT RELEASES BRIGHTON STEEL FINANCIALS
CPT RELEASES BRIGHTON STEEL FINANCIALS EDEN PRAIRIE, Minn., March 19 /PRNewswire/ -- CPT Holdings, Inc.
announced that it has filed with the Securities and Exchange Commission an amendment to its Form 8K previously filed Jan. 3, 1992. The amended filing describes the balance sheet and earnings position of Brighton Electric Steel Casting Company and a proforma condensed balance sheet position and income statement combining Brighton Electric Steel Casting Company and CPT Holdings, Inc.
Brighton had shareholders' equity of $1,355,236 as of Dec. 31, 1991, with net after-tax earnings for its fiscal year then ended of $440,776 and revenues of $3,267,701. The shareholders equity of the two companies combined was $3,504,000 as of Dec. 31, with combined after-tax losses of $872,000 for that year. Brighton is a steel fabricating company based in Pennsylvania which produces steel piercer points used by its customers in the production of seamless steel tubing. It was acquired by CPT Holdings on Jan. 3, 1992. CPT emerged from its Chapter 11 proceedings in July 1991. -0- 3/19/92 /CONTACT: David Priebe of CPT Holdings, 612-949-1728/ CO: CPT Holdings, Inc. ST: Minnesota IN: SU:
AL -- MN011 -- 9873 03/19/92 17:18 EST
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|Date:||Mar 19, 1992|
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