Business & Finance
Business and Finance
Business and Finance
Wed, December 3, 2008
Tue, December 2, 2008 Anviron Announces First Online Shareholder Development Meeting
IRVING, Texas--([ BUSINESS WIRE ])--The Anviron Holding Company (Pink Sheets:ANVH) ("Anviron"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that it will hold its first online shareholder development meeting on Wednesday, December 17, 2008. The Company's financial results for this fiscal year will be highlighted and a general discussion of the Company's future plans will be discussed. The Company continues to post record revenue with October posting more than $1.65M and year to date numbers posting of $17.1 million and net profit of $6.75 million.
| Jul - Oct '08 | |||||||
| Ordinary Income/Expense | |||||||
| Total Income | 17,141,349.00 | ||||||
| Total Cost of Goods Sold | 6,330,713.38 | ||||||
| Gross Profit | 10,810,635.62 | ||||||
| Total Expense | 4,056,760.62 | ||||||
| Net Ordinary Income | 6,753,875.00 | ||||||
| Interest Income | 123.00 | ||||||
| Net Income | 6,753,998.00 | ||||||
Highlights
- Record 1st Quarter Revenue of $12.6 million, up 20.1% from budget.
- October 2008 Revenue of $1.65M, up 157% from budget.
- Fourth consecutive quarter of positive operational growth and profits.
- Laboratory JV anticipated generating $15 million in annual sales for fiscal 2009.
- Signing of four new contracts for NuSoil sales for FYE 2009.
- NuSoil selected as technology of choice for reclamation of closed Mine operation.
- DustControl and RoadBinder lead product sales in Fiscal-Year 2009.
- The first dividend will be payable March 31, 2009 to shareholders of record on December 31, 2008.
- Board has authorized the increase in the stock buyback program from $50,000 to $75,000.
"Anviron continues to deliver outstanding results, posting continued profitability as well as positive operating cash flow. This online meeting will highlight our recent successes and give the general public an opportunity to ask questions," said Anviron COO Steve Young.
The format of the meeting will be sixty minutes in total length, with the first thirty minutes devoted to the senior staff presenting the Company's information. The remaining thirty minutes will be used to address pre-submitted questions. Final details of the meeting and how to participate will be posted on the Company's website no later than Friday, December 12, 2008.
Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about Anviron and its product offerings visit us on the web at [ www.anviron.com ].
This press release contains forward-looking statements regarding Anviron within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting Anviron. Forward-looking statements speak only as of the date on which they are made and Anviron undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
