Alternate Marketing Networks Sets Annual Meeting Date And Reports on 2006 Financial Results
Posted on: Wednesday, 7 March 2007, 18:00 CST
HUDSONVILLE, Mich., March 7 /PRNewswire-FirstCall/ -- Alternate Marketing Networks, Inc. (Pink Sheets: ALTM) has scheduled its annual meeting for June 6, 2007 at its Schaumburg office located at 428 E. State Parkway, Schaumburg, Illinois 60173. The Company reported a net profit of $1,701,255 on gross sales of $31,952,054 for its fiscal year ending December 31, 2006. The unaudited financial statements were prepared and presented by management. Alternate Marketing Networks became a non-reporting company pursuant to a Form 15 filed with the Securities and Exchange Commission effective January 2, 2004 and does not currently plan to produce audited financial statements or an annual report to the shareholders or to solicit proxies for the meeting. The Company currently has 8,029,906 shares issued and outstanding.
The Company's sole operating subsidiary, National Home Delivery, Inc., through its three divisions U.S. Suburban Press (USSPI), Custom Media Solutions (CMS) and Specialty Media Solutions (SMS), provides newspaper solutions to national advertisers in the United States.
Alternate Marketing Networks, Inc., and Subsidiary Selected Financial Data (in thousands) Twelve months ended December 31, (unaudited) 2006 2005 Net Sales $31,952 $27,897 Income from operations $1,715 $706 Extraordinary items $0 $(5) Net income $1,701 $728 Weighted average shares 8,029,906 8,279,219 Basic earnings per share $0.21 $0.09
Alternate Marketing Networks, Inc.
CONTACT: Phil Miller, Chairman and CEO of Alternate Marketing Networks,Inc., +1-616-662-6420, ext. 12, pmiller@altmarknet.com
Web site: http://www.altmarknet.com/
Source: PRNewswire-FirstCall
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