GEONEX JOINS FORBES'
GEONEX JOINS FORBES' 200 BEST SMALL COMPANIES' ST. PETERSBURG, Nov. 8 /PRNewswire/ -- Geonex Corporation
(NASDAQ: GEOX) has been named to Forbes magazine's 1991 list of the "200 Best Small Companies in America".
According to the publication, companies included in the prestigious listing must be publicly traded companies with more than $5 million and less than $350 million in sales. The companies must have demonstrated consistent increases in sales, earnings and return on equity during the past five years. In addition, long term debt may not exceed total stockholders' equity. Forbes estimated Geonex net income for 1991 at $2 million on estimated sales of $63 million. In 1990 Geonex's net income was $1.8 million on sales of $44 million. In the Forbes table the return on equity for the latest 12 month period was 14.5 percent and the five year EPS growth rate was 49 percent. Geonex, based in St. Petersburg, Fla., is the world's largest commercial supplier of digital maps and maps utilizing advanced photo and image interpretation. Digital mapping data bases created by Geonex allow telephone, electric, gas and water utilities to combine detailed engineering records with geographic information to facilitate the design, construction, management and maintenance of their physical assets. Photo and image interpretation allows Geonex to use data obtained from satellites or aerial photographs to create digital and traditional maps. Photogrammetry permits Geonex to create extremely accurate three-dimensional digital data bases for navigation, including use by missile guidance systems. Geonex also offers laboratory analysis of air and water quality, and hazardous site surveying. -0- 11/8/91 /CONTACT: Henry Moshell of Geonex Corporation, 813-823-3300/ (GEOX) CO: Geonex Corporation ST: Florida IN: SU: AW-SS -- FL003 -- 0892 11/08/91 11:27 EST
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|Date:||Nov 8, 1991|
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