Advanced Environmental Recycling Technologies, Inc. Announces Unaudited Gross Sales For Second Quarter Ended June 30, 2007
Posted on: Friday, 20 July 2007, 12:07 CDT
Advanced Environmental Recycling Technologies, Inc. (NASDAQ: AERT) announced that unaudited gross sales for the quarter ended June 30, 2007 were $25.9 million and that it expects to report a small loss for the quarter. Gross sales for the quarter ended June 30, 2006 were $29 million. The Company expects to report second quarter earnings on August 6, 2007. A webcast replay of the annual shareholder's meeting, held at 7 p.m. on July 19, will be available on the Investor Relations page of the Company's website, www.aertinc.com, beginning on Saturday July 21.
About AERT:
Since 1989, AERT has pioneered the use of recycled polyethylene plastic in the manufacture of composite building materials. With its constantly evolving portfolio of patented and proprietary recycling technologies, AERT has been widely recognized as a leader in resource conservation innovation, receiving the EPA Award for Environmental Excellence for its process of converting scrap plastic to composite outdoor decking. AERT converts reclaimed plastic and wood fiber waste into quality outdoor decking systems, fence systems, and door and window components. The Company is the exclusive manufacturer of Weyerhaeuser ChoiceDek® decking, which is available in multiple colors and is sold in all Lowe's Home Improvement stores. The ChoiceDek® product offering is being expanded this spring in most Lowe's stores. See www.choicedek.com for more information. AERT's MoistureShield® decking program is expanding and products are available in many parts of the U.S. now, with national distribution planned for 2008. See www.moistureshield.com for product information or to find a regional distributor or dealer. AERT operates manufacturing facilities in Springdale, Lowell, and Tontitown, Arkansas; Junction, Texas; and Alexandria, Louisiana. For more information on the Company, visit www.aertinc.com.
The statements in regards to our anticipated financial condition and our business strategy constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause our actual operating results to differ materially. Such risks and uncertainties include but are not limited to the extent of market acceptance of our products, the sensitivity of our business to general economic conditions, and the highly competitive markets in which we operate. Additional information concerning these risks and uncertainties are contained in our filing with the Securities and Exchange Commission on Form 10-K for the year ended December 31, 2005.
Source: Business Wire
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