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ALTM Atum Resource Corp

0.42
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Atum Resource Corp CSE:ALTM CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.42 0.405 0.42 0 01:00:00

Alternate Marketing Networks Reported on 2004 Financial Results and 2005 Projections at Annual Meeting

14/07/2005 10:08pm

PR Newswire (US)


Atum Resource (CSE:ALTM)
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Alternate Marketing Networks Reported on 2004 Financial Results and 2005 Projections at Annual Meeting HUDSONVILLE, Mich., July 14 /PRNewswire-FirstCall/ -- Alternate Marketing Networks, Inc. (Pink Sheets: ALTM) held its annual meeting on July 14, 2005 at its Hudsonville, Michigan office. As earlier reported, the Company had a net profit of $765,647 on sales of $27,027,160 for fiscal year ending December 31, 2004. The unaudited 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. The Company currently has 8,279,501 shares issued and outstanding. The Company also noted at its annual meeting that it expects earnings for the fiscal year ending December 31, 2005 to be similar to the earnings in 2004. In addition, the Company expects a federal tax refund of approximately $250,000 in the second half of the year. The federal tax refund was generated by a carry-back of a 2003 capital loss resulting from its Hencie investment that offset an earlier capital gain resulting from the sale of the Company's sampling division. 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. DATASOURCE: Alternate Marketing Networks, Inc. CONTACT: Phil Miller, Chairman and CEO of Alternate Marketing Networks, Inc., +1-616-662-6420, ext. 12 Web site: http://www.altmarknet.com/

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