Bonal International, Inc. Announces 35.7% Increase in Net Revenue at Six Month
October 28 2005 - 11:39AM
PR Newswire (US)
ROYAL OAK, Mich., Oct. 28 /PRNewswire-FirstCall/ -- Bonal
International, Inc. (OTC:BONL) today announced the results for the
sixth month period ending September 30. Bonal recorded a 35.7%
increase in net revenue of $918,035 in 2005 compared to $676,759 at
the same time last year. Income before federal income taxes was
$217,593 versus $134,440 last year, representing a 62% increase in
profit. Net income after tax is $152,593 versus $105,440 last year,
an increase of 44.7%. Unit sales volume has seen a 79% increase due
to an increased volume of lower priced units sold in the first half
of the year compared to last year in same six month period. Foreign
sales are continuing to be strong at 38.5% of unit volume. "Our
subsidiary, Bonal Technologies is continuing to grow in both US and
foreign sales. We are happy with our results," said A. George
Hebel, III, chairman of Bonal International. "We're also pleased to
report that our new products Black Magic(R), for distortion
control, and Pulse Puddle Arc Welding(R) are continuing to
represent a good portion of our growth." Bonal Technologies, Inc.,
a subsidiary of Bonal International, Inc. (OTC:BONL) is the world's
leading provider of sub-harmonic stress relief technology for metal
improvement solutions with more than 35 years of expertise.
Headquartered in Royal Oak, Mich., Bonal Technologies, Inc.
provides solutions to prevent distortion and cracking of metal
components. 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 49 countries. The company serves customers in a wide
range of industries -- aerospace, automotive, construction
equipment, defense/homeland security, die casting, engine
building/racing, foundries, machine tool/mold making, mining,
petroleum, power, plastic molding, shipbuilding, structural steel
construction, steel producers and welding/fabricating industries.
More information on Bonal can be found at http://www.bonal.com/ .
DATASOURCE: Bonal International, Inc. CONTACT: Janine M. Krasicky,
+1-248-542-3991, or +1-248-514-4558 (mobile), or Jennifer Knoll,
+1-248-546-2130, or +1-248-514-1418 (mobile), both of J9 Media
Solutions LLC Web site: http://www.bonal.com/
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