| American International Industries Files Financial Data |
|
|
|
| Tuesday, 10 April 2007 | |
American International Industries Files Financial DataTEXAS, (NAMC) - Late last week American International Industries (OTCBB: AMIN) reported record revenues of $33,408,554 for the twelve months ended December 31, 2006, compared to $25,476,289 in the prior year, representing an increase of over 31%. Delta reported revenues of $13,829,625 for the twelve months ended December 31, 2006, an increase of $2,106,796, or 18%, over the same period in 2005. For the twelve months ended December 31, 2006, NPI reported an increase in revenues of $2,753,245, or 27%, to $13,111,536, due to its license agreements with Motortrend, Good Housekeeping products and sales to AutoZone. Revenues generated by our IMTG subsidiary, which owns the Hammonds Companies, were $6,467,393 for the twelve months ended December 31, 2006, an increase of $3,072,242, or 91%. Gross margin for both 2005 and 2006 were 31%. NPI’s gross margin improved significantly, from 10% for the year ended December 31, 2005, to 20% for the year ended December 31, 2006. Increased sales volume enabled NPI to negotiate lower costs per unit, which was reflected in NPI's cost of goods increasing by only 12% in 2006. Delta’s gross margin improved from 50% in 2005 to 52% in 2006. Gross margin for the Hammonds Companies declined from 29% in 2005 to 17% in 2006, because of costs associated with the start up of new product lines. AMIN expects significant improvement in gross margin for the Hammonds Companies, as costs of sales are anticipated to decrease during 2007 because of new, more efficient equipment and supporting inventories. All of this data is based on their announcement on April 5, 2007. NAMC Newswire Note: NAMC Worldwide has added a new service to its line up, they are now arranging the private buying and selling of various commodiites such as Gold Bullion, Crude Oil, Copper, D2, Scrap Metal and others. With relationships with Private Buyers and Sellers, NAMC has the ability to arrange Private Transactions in most quantities. Please visit http://www.namcworldwide.com/gold for more information. This article can be republished either online or in print as long as credit is given to the author and the NAMC Newswire. Wall Street to Main Street is also one of the leading shows on StreetIQ , the leader in financial podcast: http://www.streetiq.com/dir/NAMC.shtml Also be sure to listen to the "Wall Street to Main Street" radio show that is syndicated daily. Just visit the NAMC radio at www.namcnewswire.com/namcradio. U.S. Trade Delegations to China scheduled for 2007, Small and Mid Cap Public and Private U.S. Companies are the Focus of the trips: www.namcworldwide.com/conferences |
