Alternate Marketing Networks Reported on 2004 Financial Results and 2005 Projections at Annual Meeting
15 July 2005 - 7:08AM
PR Newswire (US)
Alternate Marketing Networks Reported on 2004 Financial Results and
2005 Projections at Annual Meeting HUDSONVILLE, Mich., July 14
/PRNewswire-FirstCall/ -- Alternate Marketing Networks, Inc. (Pink
Sheets: ALTM) held its annual meeting on July 14, 2005 at its
Hudsonville, Michigan office. As earlier reported, the Company had
a net profit of $765,647 on sales of $27,027,160 for fiscal year
ending December 31, 2004. The unaudited statements were prepared
and presented by management. Alternate Marketing Networks became a
non-reporting company pursuant to a Form 15 filed with the
Securities and Exchange Commission effective January 2, 2004. The
Company currently has 8,279,501 shares issued and outstanding. The
Company also noted at its annual meeting that it expects earnings
for the fiscal year ending December 31, 2005 to be similar to the
earnings in 2004. In addition, the Company expects a federal tax
refund of approximately $250,000 in the second half of the year.
The federal tax refund was generated by a carry-back of a 2003
capital loss resulting from its Hencie investment that offset an
earlier capital gain resulting from the sale of the Company's
sampling division. The Company's sole operating subsidiary,
National Home Delivery, Inc., through its three divisions U.S.
Suburban Press (USSPI), Custom Media Solutions (CMS) and Specialty
Media Solutions (SMS), provides newspaper solutions to national
advertisers in the United States. DATASOURCE: Alternate Marketing
Networks, Inc. CONTACT: Phil Miller, Chairman and CEO of Alternate
Marketing Networks, Inc., +1-616-662-6420, ext. 12 Web site:
http://www.altmarknet.com/
Copyright