BCT International, Inc. Announces Results For Second Quarter of FY2004. | Business News and Press Releases from AllBusiness.com
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 15, 2003

BCT International, Inc. (OTCBB:BCTI), which through its paper products division and franchises operates a wholesale printing chain, today announced operating results for the three and six months ended August 31, 2003.

For the six months ended August 31, 2003, the Company's revenues were $10.1 million, compared with revenues of $8.8 million in the first six months of the previous fiscal year. Pretax income was $792,000 versus $684,000 in the first six months of fiscal 2003. Net income was $483,000 ($0.09 per diluted share) compared with net income for the same period in the prior year of $417,000 ($0.08 per diluted share).

For the three months ended August 31, 2003, the Company's revenues were $4.9 million, compared with revenues of $4.2 million in the same three months of the previous fiscal year. Pretax income was $290,000 versus $198,000 in fiscal 2003. Net income was $171,000 ($0.03 per diluted share) compared with net income for the same period in the prior year of $115,000 ($0.02 per diluted share).

BCT International, Inc. is a holding company which, through its paper products division and its Business Cards Tomorrow franchises, operates a wholesale printing chain. The Company is headquartered in Ft. Lauderdale, Florida and its common stock trades on the OTC Bulletin Board under the symbol "BCTI".

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, new products and technological changes, product prices and raw material costs, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

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