Bonal International, Inc. Net Income Increases 161 Percent from First Quarter 2006
15 August 2007 - 12:10AM
PR Newswire (US)
Shareholder Equity Increases 44 Percent ROYAL OAK, Mich., Aug. 14
/PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC:BONL)
today announced first quarter ending June 30, 2007 unaudited
results. Net revenue for Bonal International increased 49% from
$433,518 at June 30, 2006 to $644,773 at June 30, 2007. Bonal's net
income after estimated tax is $179,859 up 161% from $68,955 last
year. Bonal's per share net income is $0.11 compared to $0.04 last
year. Shareholder equity is also up 44% from $0.52 to $0.75 per
share on June 30, 2007. "We are extremely please with Bonal's trend
in profit increase over the past three years," said A. George
Hebel, III, chairman of Bonal International. "Bonal International
continues to focus on improving profit by helping companies
increase their profitability by using our products to conserve
energy." Bonal International Inc. through its wholly owned
subsidiary, Bonal Technologies, Inc., is the world's leading
provider of sub-harmonic technology for metal improvement solutions
with more than 35 years of expertise. 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 US and in more than 49 countries.
Headquartered in Royal Oak, Mich., Bonal provides a variety of
services including consulting, training, program design and metal
stress relief services for customers in the aerospace, armament,
die casting, engine building, machine tool, mining, petroleum,
plastic molding, racing, automotive, shipbuilding and welding
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, +1-248-514-4558 (mobile), for Bonal International,
Inc. Web site: http://www.bonal.com/
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