PSI INDUSTRIES REPORTS RECORD EARNINGS
Released_By: USANews Press Release Network
Date: 9/9/98
Time: 1:40:52 PM
For_Immediate_Release
Boca Raton, Florida - September 9, 1998. PSI Industries, Inc. OTC:BB
"PSII" is pleased to report an 139.9% increase of income for the comparative
six month period.
Statement of Income
Second Quarter Comparison
Six Months Ending June 30 Comparison
|
1998 |
1997 |
1998 |
1997 |
| Sales |
$7,027,229 |
$5,088,270 |
$13,628,846 |
$9,707,610 |
| Gross Profit |
1,948,691 |
1,287,710 |
3,409,057 |
2,773,174 |
| Net Income |
395,945 |
64,108 |
621,154 |
258,969 |
|
|
|
|
|
EPS Second Quarter (1998) - $0.04 Weighted Average Common Shares 8,867,524
EPS Six Month (1998) - $0.07 Weighted Average Common Shares 8,854,661
PSII anticipates a continuation of record earnings in the third quarter and
as previously reported will apply for listing on NASDAQ small cap market under
the same symbol.
PSI Industries, Inc. markets the revolutionary new The Message Camera(tm) as
well as other ancillary imaging products. The Message Camera(tm) is a 35mm one
time use camera with flash that is loaded with 400 IS0 C41 process color film
which are special occasion specific cameras, such as the "Happy Birthday"
Message Camera(tm), the "It's a Boy"/Girl" Message Camera(tm), the "Party"
Message Camera(tm), the "Vacation" Message Camera(tm). There are an additional
14 different message cameras currently being marketed.
For Further Information Contact Investor Relations: Donna Silverman at
212.269.1993 Camera000@aol.com or Visit our Website at: http://www.themessagecamera.com
