New Bridge Products Inc. Reports its First Seven Months of Operation
8 September 1999
New Bridge Products Inc. Reports its First Seven Months of Operation
PHOENIX--Sept. 8, 1999--New Bridge Products Inc. (OTC BB:NBPI) Wednesday reported its first seven months of operation, ending July 1999 YTD, at a loss of $722,978 or ($0.04) per common share on revenues of $660,343.Comparative results for the first seven months are not available, however, 1998 full year calender results for the company were reported at a loss of $671,240 or ($0.14) per common share on revenues of $663,674.
Gary W. Tandy, the company's president commented, "In reviewing the last seven months of operation we have successfully achieved last years sales with still five more months of the year to go. Our sales rate for the first four months of the year averaged a slow $41,248 per month, while July generated $232,932 in sales, equaling a 467% increase from this years beginnings.
"The company has significantly increased its production rate, with additional improvements still being implemented.
"We continued to show improvements in both lowering production costs and increasing the factories production rate all of which we feel will contribute to improved profitability. Given the companies current market positioning and strong product quality, we feel that the company has a strong possibility of returning a profit for the fourth quarter of 1999."
Corporate Web site at: www.new-bridgeproducts.com
For Further Information contact:
Executive Management Corporation
225 South 21st Street
Hollywood, Florida 33020
954/927-6601
All financial projections and future contract award opinions by management, which are not historical are management's and are subject to changes based upon future operational results.
Projections are furthermore "forward-looking" as defined by federal law, and are subject to the "Safe Harbors" created by them, within the meaning of such statements as defined in Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995.
The company intends that these projections specifically concerning future contracts awarded, and operational performance opinions and financial estimates in future quarters be "forward-looking" and subject to the "Safe Harbors" thereby created by them.
Management further specifies that these projections and opinions are estimates, based upon current information available by management. They are furthermore subject to revisions, and management is under no obligation to update this information.