Bonal International, Inc. Posts First Quarter Results
July 28 2008 - 3:46PM
PR Newswire (US)
Net Income Off 65 Percent and Sales Decreased 6.6 Percent, with a
30 Percent Shareholder Equity Increase ROYAL OAK, Mich., July 28
/PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC:BONL)
today announced first quarter ending June 30, 2008 unaudited
results. Net income decreased by 65 percent from $179,859 at June
30, 2007 to $63,336. Bonal's sales decreased 6.6 percent from
$644,773 to $601,951. Shareholder equity increased 30 percent.
Foreign unit sales are 39 percent, up from 36 percent last year. US
purchases are softened but rental income of Bonal's technology has
increased 42 percent, demonstrating that small businesses are
interested in Bonal's technology but hesitant about making capital
equipment purchases because of nervousness about the US economy.
"The decrease in net income is in part a result of Bonal investing
cash in increased marketing programs including more tradeshows,
additional advertising and training," said A. George Hebel, III,
chairman and president of Bonal International. "These programs are
part of a long term strategy to increase Bonal's market presence
and sales." 1st Quarter ending June 30, 2008 2008 2007 Revenue
$601,951 $644,773 Net income $63,336 $179,859 Earnings per share
$0.04 $0.11 As the world's leading provider of sub-harmonic
vibration technology for metal improvement solutions, Bonal's goal
is to help companies keep competitive by reducing operating and
energy costs. Bonal's technology helps a variety of industries
including aerospace, armament, automotive die casting, engine
building, machine tool, mining, petroleum, plastic molding, racing,
ship building and welding. Bonal International Inc. through its
wholly owned subsidiary, Bonal Technologies, Inc., is the world's
leading provider of sub-harmonic technology for metal improvement
solutions with more than 35 years of expertise. Bonal's patented
technology is an environmentally friendly, "green technology" that
replaces some heat treating processes and reduces energy
consumption by 98 percent. 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 in more than 49 countries. Headquartered in
Royal Oak, Mich., Bonal provides a variety of services including
consulting, training, program design and metal stress relief
services for customers. More information on Bonal can be found at
http://www.bonal.com/ or by calling 800-Metal-29. DATASOURCE: Bonal
International, Inc. CONTACT: Janine M. Krasicky of J9 Media
Solutions LLC, +1-248-542-3991, or +1-248-514-4558 (mobile) Web
site: http://www.bonal.com/
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