BULLHIDE Liner Corp. 2nd Quarter Revenues Up 263% Over 1997
10 November 1998
BULLHIDE Liner Corp. 2nd Quarter Revenues Up 263% Over 1997SPOKANE, Wash., Nov. 10 -- BULLHIDE Liner Corp. (OTC Bulletin Board: BULH) announced today that sales for the FY 1998 2nd quarter ending September 30, 1998 were $480,198. This is an increase of 263% over revenues for the 2nd quarter of FY 1997, which were $132,000. Revenues for the six-month period ending September 30, 1998 were $1,037,021, an increase of 251% over the same period revenues in FY 1997 which were $295,417. Net loss for the 2nd quarter of FY 1998 was $199,074 or $0.025 per share. Costs associated with expanding the company's business in industrial coatings and expenses related to aggressive dealer expansion contributed to the loss. The BULLHIDE Liner Corp., established in 1993, has a revolutionary, patent-pending material, BULLHIDE(R) Liner targeted for pickup truck bedliner market and industrial coatings such as flooring, decking and trailers. When spray-molded onto metal, wood, fiberglass or concrete, this amazing product provides superior strength, toughness, chemical resistance and protection from wear and deterioration. This material was prepared and disseminated by The Hawke Group, Inc. ("Hawke") for the Company discussed herein, based upon Company-supplied information or other sources believed to be reliable. The information is not guaranteed by Hawke for accuracy or to be all inclusive. Forward-looking statements in this release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties, and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities. Hawke, its affiliates, and/or its officers, directors and employees may from time to time have a position in these securities. The Hawke Group has been compensated by the Company.