Alternate Marketing Networks Reported on 2006 Financial Results, 2007 Projections and Shareholder Dividend at Annual Meeting
12 Juin 2007 - 11:00PM
PR Newswire (US)
HUDSONVILLE, Mich., June 12 /PRNewswire-FirstCall/ -- Alternate
Marketing Networks, Inc. (OTC Pink Sheets: ALTM) held its annual
meeting on June 6, 2007 at its Schaumburg, Illinois office. As
earlier reported, the Company had a net profit of $1,701,255 on
sales of $31,952,054 for fiscal year ended December 31, 2006. 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
8,029,906 shares issued and outstanding. The Company noted that it
believes that sales and earnings for 2007 will be down from 2006
but higher than 2005. The Company is not actively pursuing any
acquisitions and continues to invest in its interactive and
promotional activities. In addition, the Company announced that the
previously reported cash dividend of ten cents per share on the
Company's common stock will be paid later in the month. The
dividend is payable June 20, 2007 to shareholders of record as of
June 6, 2007. Alternate Marketing Networks, Inc. provides print,
interactive and promotional media solutions to national advertisers
throughout the United States through its sole subsidiary, National
Home Delivery, Inc., which operates through three divisions: U.S.
Suburban Press (USSPI), Custom Media Solutions (CMS) and Specialty
Media Solutions (SMS). Certain statements in this press release
that are not historical fact may be "forward-looking statements".
Actual events may differ materially from those projected in any
forward-looking statement. There are a number of important factors
involving risks and uncertainties beyond the control of the Company
that could cause actual events to differ materially from those
expressed or implied by such forward-looking statements. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements to reflect events or circumstances that
may arise after the date of this press release. DATASOURCE:
Alternate Marketing Networks, Inc. CONTACT: Phil Miller, Chairman
and CEO of Alternate Marketing Networks, Inc., +1-616-662-6420,
ext. 12, or Web site: http://www.altmarknet.com/
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