Alternate Marketing Networks Sets Annual Meeting Date and Reports on 2007 Financial Results
18 Mars 2008 - 9:01PM
PR Newswire (US)
HUDSONVILLE, Mich., March 18 /PRNewswire-FirstCall/ -- Alternate
Marketing Networks, Inc. (Pink Sheets: ALTM) has scheduled its
annual meeting for June 10, 2008 at its Schaumburg office located
at 428 E. State Parkway, Schaumburg, Illinois 60173. The Company
reported a net profit of $882,233 on gross sales of $27,204,534 for
its fiscal year ending December 31, 2007. The unaudited financial
statements were prepared 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 8,046,656 shares
issued and outstanding. The Company noted that it has expanded its
interactive site, http://www.dailyshowtimes.com/ (DST) from several
local markets to a national market. DST provides local movie times,
descriptions, and theater locations. DST is supported through an
affiliate network of suburban newspapers. 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. 4675 - 32nd Avenue Hudsonville, MI 49426
Alternate Marketing Networks, Inc., and Subsidiary Selected
Financial Data (in thousands) Twelve months ended December 31,
(unaudited) 2007 2006 2005 Net Sales $27,205 $31,952 $27,897 Income
from operations $818 $1,715 $706 Extraordinary items $(17) $0 $(5)
Net income $882 $1,701 $728 Weighted average shares-diluted
8,060,417 8,029,906 8,279,219 Diluted earnings per share $0.11
$0.21 $0.09 Statements in this news release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act. The forward- looking statements can generally be
identified by words such as "believes," "anticipates," "expects" or
words of similar meaning. Forward-looking statements also include
statements relating to the Company's future performance, such as
future prospects, revenues, profits and cash flows. The
forward-looking statements are subject to risks and uncertainties,
which may cause actual results to be materially different from any
future performance suggested in the forward-looking statements.
Readers are cautioned not to place undue reliance on these
forward-looking statements. The forward-looking statements are made
only as of the date hereof, and the Company undertakes no
obligation to publicly release the result of any revisions to these
forward- looking statements. 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.dailyshowtimes.com/
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