 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
NEWS RELEASE PERFECT FRY CORPORATION For Immediate Release Perfect Fry Reports Best Quarter in Company's History CALGARY (June 20, 2003) -- Perfect Fry Corporation reported today its second quarter revenue set a new record for the highest revenue for any quarter ever recorded in the Company's history. This follows a first quarter that also set a record, as the highest-ever first quarter revenue. For the second quarter ended April 30, revenue totaled $1,195,671, compared with second quarter revenue last year of $1,074,239, an increase of $121,432. The record first quarter had revenue of $733,768, which compares with $729,677 for the first quarter a year ago. "The strong growth in revenue the first two quarters this year has yielded a most encouraging profit at mid-year," said Gary Calderwood, president and CEO, "and this has put us on course for a very successful year. Our record revenues and profitability reflect well on our marketing and sales initiatives, growing strength of our image in the market place, and product quality and reliability." Mr. Calderwood added, "Our distribution network believes strongly in the Perfect Fryer's high level of quality and reliability, so much so that one of the few negative comments we hear from distributors is that they know they will not have opportunity to earn revenue on after-sales service of our equipment. What a tremendous compliment!" Second Quarter Results 2003 and 2002:
Perfect Fry manufactures and markets the world's most sophisticated counter-top deep fryer. Its patented air filtration and fire prevention systems, compact design, and quick, clean operation have made the Perfect Fryer a preferred choice among fast food retailers across North America and around the world. The common shares of Perfect Fry are listed for trading under the symbol PNM on the TSX Venture Exchange. The TSX Venture Exchange has neither approved nor disapproved of
the information contained herein Contact: Sharon Haasdyk |
|||||||||||||||||||||||||
