Sports Resorts International, Inc. Reports 2004 Results
29 Marzo 2005 - 7:35PM
PR Newswire (US)
Sports Resorts International, Inc. Reports 2004 Results OWOSSO,
Mich., March 29 /PRNewswire-FirstCall/ -- Sports Resorts
International, Inc. (the "Company") (NASDAQ:SPRI) today reported
its 2004 results. For the year ending December 31, 2004, the
Company recorded revenue of $20,525,000 as compared to 2003 revenue
of $22,742,000. For the year ending 2004, the Company reported a
net loss of $1,730,000 or $(.04) per share. In 2003, the Company
reported net income of $1,189,000 or $.02 per share which includes
an income tax benefit of $1,408,000. The Company's 2004 Annual
Report on Form 10-K has been filed with the U.S. Securities and
Exchange Commission and is available from the Company upon request.
Currently, the Company through its wholly-owned subsidiaries,
manufacturers and markets high-quality drop-in bedliners and other
truck accessories for the original equipment manufacturers and
automotive aftermarket business and owns and operates a
multi-purpose motor sports facility located near Brainerd, Minn.
Certain statements included in this press release are
"forward-looking" statements, such as those relating to anticipated
events or activities. The Company's performance and financial
results could differ materially from those reflected in the
forward-looking statements due to financial, economic, regulatory
and political factors as described in the Company's filings with
the Securities and Exchange Commission. Therefore, current or
prospective investors are cautioned not to place undue reliance on
any such forward- looking statements. The Company does not
undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information
or future events. For further information contact Investor
Relations at 989-725-8354. DATASOURCE: Sports Resorts
International, Inc. CONTACT: Greg Strzynski of Sports Resorts
International, Inc., +1-989-725-8354
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