BRYAN, Texas, April 5 /PRNewswire/ --
Neutral Posture Ergonomics, Inc. (Nasdaq: NTRL) announced it expects to report
record sales for the quarter ending March 31, 2000; however will show no net
earnings for the third quarter. Sales are expected to be approximately
$4.0 million, an increase of approximately 15% over the third quarter ended
March 31, 1999. These sales increases were more than offset by legal fees
related to the arbitration proceeding scheduled for the week of April 10,
2000.
Rebecca Boenigk, Chairman and CEO stated, "We are pleased that sales
levels have increased for the quarter as compared to last year, the result of
changes to improve the Company's focus in our sales and marketing areas;
however we are disappointed that we will not show any net earnings for the
quarter, primarily due to legal fees related to the pending arbitration
scheduled for next week."
Neutral Posture Ergonomics, Inc. manufactures, markets and distributes
ergonomic products. Neutral Posture Ergonomics, Inc. is a certified Women
Business Enterprise and its common stock is listed on the Nasdaq Small Cap
Market under the symbol NTRL.
This press release may include certain statements that may be deemed to be
"forward-looking" within the meaning of the Securities Act of 1933, as
amended, and the Securities Exchange Act of 1934, as amended. There are
certain important factors which could cause actual results to differ
materially from those anticipated by the forward-looking statements. Certain
of the important factors which could cause actual results to differ materially
from those in the forward-looking statements include, among other things,
changes from anticipated levels of sales, the ability to integrate acquired
product lines and related businesses, future national or regional economic and
competitive conditions, changes in relationships with customers, customer
acceptance of existing and new products, success of web initiatives, pricing
pressures due to excess capacity, raw material cost increases, change of tax
rates, change of interest rates, declining conditions in the industry,
validity of patents, availability of key component parts, casualty to or other
disruption of the Company's production facility and equipment, delays and
disruptions in the shipment of the Company's products and other factors that
generally affect business.
PRESS CONTACT:
Gregory A. Katt, CFO
409-778-0502 ext. 111
SOURCE Neutral Posture Ergonomics, Inc.
 back to top
Related links:
http://www.neutralposture.com
Company News On-Call:
http://www.prnewswire.com/comp/125652.html or fax,
800-758-5804, ext. 125652
CONTACT:
Gregory A. Katt, CFO of Neutral Posture
Ergonomics, Inc., 409-778-0502, ext. 111
|
