Sports Resorts International, Inc. Reports Second Quarter 2005 Results
08 Agosto 2005 - 6:13PM
PR Newswire (US)
OWOSSO, Mich., Aug. 8 /PRNewswire-FirstCall/ -- Sports Resorts
International, Inc. (the "Company") (NASDAQ:SPRI) today reported
its operating results for the second quarter of 2005. For the
quarter ending June 30, 2005, the Company recorded revenue of
$3,997,000 as compared to revenue of $5,720,000 for the same period
in 2004. For the quarter ending June 30, 2005, the Company reported
a net loss of $125,000 or $(0.00) per share. For the same period in
2004, the Company reported a net loss of $49,000 or $(0.00) per
share. For the six months ending June 30, 2005 revenues were
$7,283,000 with a net loss of $767,000. The Company reported
revenues of $10,442,000 with a net loss of $447,000 for the same
period in 2004. Year-to-date loss per share was $(0.02) and $(0.01)
for 2005 and 2004, respectively. The Company's 2005 Second Quarter
Report on Form 10-Q 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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