Bonal International, Inc. Announces 55% Increase in Net Income at Six Months
11 November 2006 - 8:02AM
PR Newswire (US)
ROYAL OAK, Mich., Nov. 10 /PRNewswire-FirstCall/ -- Bonal
International, Inc. (OTC:BONL) today announced the results for the
sixth month period ending September 30. Bonal recorded a 9.2%
increase in net revenue of $1,002,334 in 2006 compared to $918,035
at the same time last year. Income before federal income taxes was
$339,225 versus $217,593 last year. Net income after tax is
$237,225 versus $152,593 last year, an increase of 55.5%. Foreign
sales are continuing to be strong at 35% of unit volume. "Our
subsidiary, Bonal Technologies, is continuing to grow in both U.S.
and foreign sales. We are happy with our results," said A. George
Hebel, III, chairman of Bonal International. "Our profit surge is
due to the ongoing effort to reduce expenses and buying in higher
volume." Bonal Technologies, Inc., a subsidiary of Bonal
International, Inc. (OTC:BONL) is the world's leading provider of
sub-harmonic stress relief technology for metal improvement
solutions with more than 35 years of expertise. Headquartered in
Royal Oak, Mich., Bonal Technologies, Inc. provides solutions to
prevent distortion and cracking of metal components. Bonal's
patented technology and its three product lines: Meta-Lax(R) Stress
Relief, Pulse Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R),
for distortion control, are sold in the U.S. and 49 countries. The
company serves customers in a wide range of industries --
aerospace, automotive, construction equipment, defense/homeland
security, die casting, engine building/racing, foundries, machine
tool/mold making, mining, petroleum, power, plastic molding,
shipbuilding, structural steel construction, steel producers and
welding/fabricating industries. More information on Bonal can be
found at http://www.bonal.com/ . DATASOURCE: Bonal International,
Inc. CONTACT: Janine M. Krasicky of J9 Media Solutions LLC,
+1-248-542-3991, mobile: +1-248-514-4558, for Bonal International,
Inc. Web site: http://www.bonal.com/
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