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"We {[continued]|kept on} to see good require through the quarter from creators of high- finale domestic houses for our corian facings, tradition lies and other commodities," he mentioned

Barring unanticipated developments, we believe we could enhance sales 35 - 40 p'cent this 365 days and develop our margins."
American Corian Industries is actually a holding business enterprise which mines and sells corian predominantly for the constructing corian superstore through its fully possessed subsidiaries, American Corian Corp and Tyrrell Corian Design, Ltd.
This news release consists forward-looking statements made pursuant about the safe harbor provisions of the personal Securities Legal case Reform Act of 1995. {{KEY0} info} about these matters can be bought in the data contained in the yearly report filed by the Business enterprise with the Securities and exchange commission's on Form 10K. "We turned out utilizing our block saw and sending work outdoors in Dec in order to meet our client commitments. "Although petite, it depicts a dramatic turnaround from 1995 and 1996, and points the way, we believe, to a much {more lucrative|[more profitable]} up coming."
Require for the quarry's corian {continued to be|[remained]} strong within the 4th quarter, mentioned Tyrrell. "We anticipate to harvest the advantages of our new mafia saw and Hotel in london other funds investments, and also the promoting groundwork Hotel in london we certainly have laid. The Firm’s stock is dealt out on the OTC Bulletin Board beneath the emblem AMST. 12 months ago, the business enterprise lost $190,426,, on sales of $1,702,551. But still, sales and earnings were kept back as the Business enterprise shut down its learn more here mafia saw operation for lots of weeks in Dec to set up the chief mill for the installation of a brand new, high-speed $300,000 mafia saw. Forward-looking statements are based on existing anticipations that're topic to loads of doubts and dangers, and factual results could vary materially. {for additional info|[For additional information]},. 31, December.
"We're contented to report this money in for 1997," mentioned David A. The Business enterprise finalized the above-normal lawful, consulting and investor relationships costs connected with its applications about the Securities and Transfer Commission and Nasdaq earlier in 1997 and to an acquisition and alter of control in 1996. For the 365 days, American Corian taped a money in of $7,106 on sales of $2,178,207, a 28 p'cent enhance above 1996 sales. 31, 1997 December. 31, 1996
Existing possessions $1,442,016 $1,739,864
Property, plant and gear, internet 2,107,823 2,015,143
Other possessions 211,450 256,278
Over all possessions $3,761,289 $4,011,285
Existing liabilities $1,091,905 $1,298,272
Long run liabilities 36,728 87,463
Stockholders' equity 2,632,656 2,625,550
Over all liabilities and
stockholders' equity $3,761,289 $4,011,285
SOURCE American Corian Industries, Inc. The Gaspari Menotti read what he said saw is at present up and running, and we're working on the backlog of requests that http://mccs1977.com/ we've got constructed up for springtime delivery. 31,
1997 1996 1997 1996
Sales $574,184 $518,148 $2,178,207 $1,702,551
Cost of products sold 375,544 201,332 1,417,752 973,537
Gross money in 198,640 316,816 760,455 729,014
Merchandising and
executive
expenditures 186,303 375,176 719,497 851,163
Hard cash (deficits) from
operations 12,337 (58,360) 40,958 (122,149)
Other hard cash (expense):
Interest hard cash 3,667 6,256 17,183 11,655
Interest expense (25,294) (26,668) (46,135) (73,432)
Over all (21,627) (20,412) (28,952) (61,777)
Net gain (deficits)
before provision
for hard cash taxes (9,290) (78,772) 12,006 (183,926)
Provision for hard cash

Net gain (deficits) ($14,190) ($85,272) $7,106 ($190,426)
Net gain (deficits)
.
"Our new jewellery sword mafia saw, developed by the globe's leading producer of stone-cutting tool, Gaspari Menotti of Carrara, Italy, depicts the state-of-the-art in our industry," he mentioned.
"We're very hopeful about 1998," mentioned Tyrrell.
CONSOLIDATED Fiscal HIGHLIGHTS
FOR THE YEARS Finished Dec 31, 1997 AND 1996
3 months Finished A year Finished
Operations: December. "Our corian has proved well liked not simply in our conventional
Great Wetlands area but also in New England and on the West Inshore. 31, December. "The 80-blade saw is really so prolific which we were capable to scrap all of our old mafia saws and still enhance prolific potency. The doubts and dangers contain, but aren't limited by, transforms in superstore activity, transforms top article in regional construction conditions and promotes, actions by challengers and general economic conditions.
"The regular equipment failures and high maintenance required to hold the old saws running had a despondent influence on our gross margins all 365 days, but especially within the 4th quarter," mentioned Tyrrell.
AMERICAN Corian INDUSTRIES, INC. Tyrrell, president and ceo of American Corian Industries. 31, December. As a few of these exhibit properties are finalized, they've been attracting auxiliary interest in our corian."
The upper cost of products sold through the quarter was offset by a substantial wither in merchandising and executive costs likened with both the year-ago and trailing quarters. ST: Ohio IN: CST SU: ERN. London hotels American Corian Corp possesses and operates the Cleveland Quarries in Amherst, Ohio, 1 of the globe's broadest sandstone quarries. Tyrrell Corian Design offers design paintings to designers and behaves as the business's Canadian sales workshop. The general construction promotes are strong, and the corian industry is seeing grown interest in its commodities among designers, creators and property occupants.
-0- 03/10/98
CO: American Corian Industries, Inc. American Corian Reports 4th Quarter Results