Dyna Group International Announces Earnings for Fourth Quarter 1999
28 March 2000
Dyna Group International Announces Earnings for Fourth Quarter 1999
NEW BRAUNFELS, Texas--March 27, 2000--Dyna Group International (OTCBB:DGIX) announced today earnings for the year-end Dec. 31, 1999.
Year-end
December 31
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1999 1998
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Revenues 9,293,363 8,315,008
Operating income 459,739 530,093
Gain on sale of building -0- 288,819
Income Tax 139,180 38,256
Net Income 231,192 523,849
Earnings per share .03 .07
Total revenues increased $978,000 (11.7%). Operating income decreased $71,000 due to sales of licensed products at a lower gross profit margin.
Net income was lower in 1999 as compared to 1998 due to the sale of the property in Illinois and lower taxes in 1998, as seen above.
Great American Products, a wholly owned subsidiary of Dyna Group International (OTCBB:DGIX) is recognized as the leader in the manufacturing and distribution of pewter sports licensed collectibles. The company holds licenses with the NFL, MLB, NBA, NHL, NASCAR and 15 top drivers, ISC, WCW and others. In addition to the licensed products, Great American Products also produces a broad line of non-licensed collectible products that are sold through a variety of retail channels. The products are prized by collectors due to their design excellence, craftsmanship and the lasting value of pewter.
Some of the statements in this news release may be forward-looking statements that may involve certain risks and uncertainties. Investors and others are cautioned that the forward-looking statements are based on estimates, projections, beliefs and assumptions of management and are not guarantees of future performance.