American Biotech Labs(R) reports sales up by 50% for first half; declares cash disbursement
August 04 2008 - 7:00AM
PR Newswire (US)
Clifton Mining Company Inc. (OTC : CFTN) ALPINE, UT, Aug. 4
/PRNewswire-FirstCall/ -- American Biotech Labs, LLC (ABL) is a
private Company that produces products using SilverSol
Technology(TM) that is both benign and a broad-spectrum
anti-pathogenic. Clifton Mining Company (Clifton) is the largest
shareholder of ABL, owning approximately 21% of the shares. For the
first six months of 2008 ABL reports that its sales increased by
50% over the corresponding period of 2007. This increase does not
include any sales from new contracts in South and East Asia and the
Middle East. The company believes these will be important markets
in the future. Extraordinary expenses including legal and patent
costs associated with procuring patents in these new countries,
reduced profitability. Yet even with these expenses, ABL declared
an interim profit distribution to shareholders, which yielded
$77,000 to Clifton. While there can be no assurances of these, IF
sales increase at this rate for the next couple of years and IF
extraordinary expenses do not increase, then distributions from ABL
should be sufficient to cover Clifton's general expenses. We look
forward to seeing all those shareholders who can attend the annual
shareholder meeting scheduled for the 29th of August, 2008 at 12
pm. Alpine Arts Center 450 Alpine Hwy, Alpine, UT 84004, (801)
763-7173. Clifton trades on the U.S. OTC: (CFTN). Note: Any
statements released by Clifton Mining Company that are forward
looking are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Editors and
investors are cautioned that forward looking statements invoke risk
and uncertainties that may affect the company's business prospects
and performance. DATASOURCE: Clifton Mining Company CONTACT: Dr.
Ken Friedman, President at (303) 642-0659, or Keith Moeller, Vice
President at (801) 756-1414 or see the websites at
http://www.cliftonmining.com/ and see information on ABL at
http://www.americanbiotechlabs.com/
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