Benthos, Inc. Expects Record Sales
19 October 2005 - 10:30PM
Business Wire
BENTHOS, INC. (NASDAQ: BTHS) today announced that it expects to
report record revenues of approximately $24 million for fiscal year
2005, which ended on September 30, 2005. The Company anticipates
that fiscal 2005 sales for its Undersea Systems Division will
exceed $15 million, and that sales in the TapTone Package
Inspection Division will exceed $8 million. Ronald L. Marsiglio,
President and CEO, commented, "Fiscal 2005 has been a very good
year for revenue growth. In addition, the outlook for fiscal 2006
is positive. We expect the coming year to be another period of
growth for the Company." The Company will report fourth quarter and
fiscal year 2005 results towards the end of November 2005. Benthos,
Inc., through its Undersea Systems Division, designs, manufactures,
sells and services a variety of oceanographic products for
underwater tasks; and through its TapTone Package Inspection
Systems Division makes systems for testing consumer packages made
of glass, metal or plastic. The common stock of the Company is
traded on the Nasdaq SmallCap market under the symbol "BTHS". For
more information, Benthos can be found on the Internet at
www.benthos.com. Forward Looking Statements The statements in this
news release relating to plans, strategies, economic performance
and trends and other statements that are not descriptions of
historical facts are "forward-looking statements" within the
meaning of the Federal Securities Laws. The Company believes that
such statements are reasonable and are based on the beliefs of the
Company's management as well as assumptions made by and information
currently available to Company management. However, actual results
could differ materially from those currently anticipated due to a
number of factors that include: the timing of large project orders,
competitive factors, shifts in customer demand, government
spending, economic cycles, regulatory changes and other factors.
More information about these factors is contained in the Company's
filings with the Securities and Exchange Commission. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results or outcomes
may vary materially from those described herein. The Company does
not undertake and expressly disclaims any obligation to update or
alter its forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.
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