Business Editors
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 29, 2002
BCT INTERNATIONAL, INC. (OTCBB:BCTI), which through its Franchises operates the Business Cards Tomorrow wholesale printing chain, today announced earnings for its 2002 fiscal year.
For the year ended February 28, 2002, revenues decreased 7.3% to $18.0 million, compared with revenues of $19.4 million in the previous fiscal year. Net income decreased to $492,000, or $0.10 per diluted share versus net income of $664,000, or $0.13 per diluted share, in the fiscal year ended February 28, 2001.
BCT International, Inc. is a holding company which operates Business Cards Tomorrow, the world's largest wholesale printing chain, with 82 Franchises in the United States and Canada. 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.
BCT INTERNATIONAL, INC.
SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS ($000)
Fiscal Year Ended
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Feb. 28, Feb. 28,
2002 2001
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Revenues $ 18,007 $ 19,429
Net income $ 492 $ 664
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Net income per common share:
Basic $ .10 $ 0.13
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Diluted $ .10 $ 0.13
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Weighted Average Shares Outstanding:
Basic 5,123,000 5,214,000
Diluted 5,123,000 5,235,000
