Bullhide Announces 250% Increase in Revenues for Fiscal Year
23 June 1999
Bullhide Announces 250% Increase in Revenues for Fiscal Year
DEERFIELD BEACH, Fla.--June 23, 1999--The Bullhide Liner Corporation (OTC BB:BULH) announced today that for the fiscal year ending March 31, 1999, its annual revenues increased to approximately $1,700,000, a 250% increase over the preceding year.During fiscal year 1999, Bullhide added approximately forty (40) dealers and, most importantly, finalized the development of its Quarra 2000 product, which is used as an industrial flooring product. The costs associated with this dramatic growth and development can be carefully analyzed at Bullhide's web site at www.bullhide.com, where its audited financial statements are posted.
"While Bullhide did suffer a loss during its most recent fiscal year, the dramatic addition of new dealers and distributors, as well as the development of our Quarra 2000 industrial flooring product, plus recent cost savings associated with the relocation of most of its administrative functions to South Florida, should make Bullhide profitable during the third quarter of fiscal year 2000. Imminent signings of distributorships in Phoenix, Chicago and Boston should assist in another substantial increase in revenues as well as profitability in the third quarter of fiscal year 2000", stated Mr. W. Gordon Freeman, Chief Executive Officer of Bullhide.
The Bullhide Liner Corporation has a revolutionary patent pending polyurethane-based material initially targeted for the pick-up truck bedliner market. With its superior strength, toughness, anti-skid properties and excellent chemical resistance, Bullhide has expanded into the industrial flooring market. Additionally, when spray molded onto metal, wood, fiberglass or concrete, this product provides: superior protection from corrosion and deterioration; chemical containment; sound dampening; waterproofing; and, equipment protection. For more information, visit Bullhide's web site at www.bullhide.com.
This material was prepared by Strategic Investors Group (SIG) for the Company discussed herein, based upon Company supplied information or other sources believed to be reliable. The information is not guaranteed by SIG for accuracy or to be all-inclusive. The foregoing discussion contains forward-looking statements that involve risks and uncertainties. Actual results could differ from those discussed in this release. This material is for informational purposes only and is not an offer or solicitation to buy or sell securities. SIG, its affiliates, and/or its officer, directors and employees may from time to time have a position in these securities.