ADM Tronics Unlimited Inc.
Northvale, NJ – Andre' DiMino, CEO of ADM Tronics Unlimited, Inc. (OTCQB: ADMT), a technology-based developer and manufacturer of innovative technologies and products, commented on ADMT's second quarter of fiscal year 2017 financial results reported on November 17, 2016 in the Company's quarterly report on Form 10Q available at www.sec.gov.
ADMT CEO Andre' DiMino stated "Since reconstructing our business model in 2013 we have booked eleven consecutive quarters of increased revenues and profits. Even more gratifying is that for the six months ended 9/30/16 we produced net income of $950,124 or $0.014 earnings per share, approaching the $0.017 earnings per share produced in our entire fiscal year ended 3/31/15. If this trend continues for the balance of this fiscal year, we believe we should produce income of approximately $0.028 per share for the current fiscal year on a fully diluted basis."
DiMino continued, "As we previously reported, certain analysts have begun to take notice of our improved financial performance and position and have advised us that a company, such as ours, should expect a share price of between 18 to 25 times income. If our income trend continues, and their multiple advice is accurate, that could translate into a share price ranging from $0.50 to $0.70 per share."
ADMT is a diversified, technology-based developer and manufacturer of innovative technologies and products. ADMT has three areas of activity: Proprietary Electronic Medical Devices; Eco-Friendly, Safe, Water-Based Formulations; and, Design, Engineering, Regulatory and Manufacturing Services. Executed by a team of multi-disciplinary engineers, researchers and technologists ADMT utilizes advanced technology infrastructure, such as 3-D solid prototyping, precision instrumentation and specialized software and peripherals, for research, development and commercialization of diversified technologies. We are very proud to be a profitable company at such an early stage of our new growth plan. Management's goal for the next 12 months is to assist the investing public to recognize the potential of ADMT. Additional information is available at the Company’s websites - admtronics.com and concepttoquantity.com.
Except for historical information contained herein, the matters set forth in this news release are “forward looking” statements (as defined in the Private Securities Litigation Reform Act of 1995), including statements regarding future revenue growth and performance. Although ADMT believes the expectations reflected in such forward looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Forward looking statements involve risks and uncertainties that could cause actual results to differ materially from expectations. Factors that could contribute to such differences include those described from time to time in ADMT’s filings with the SEC, news releases and other communications. The Company assumes no obligation to update the information contained in this news release.
Contact: Andre’ DiMino 201-767-6040, firstname.lastname@example.org
ADM Tronics CEO Comments On Record Financial Results