AERT Announces Fourth Quarter Gross Sales
January 04 2006 - 9:34PM
Business Wire
Advanced Environmental Recycling Technologies, Inc. (NASDAQ:AERTA)
announced that unaudited gross sales for the quarter ended December
31, 2005 were $24 million, up 55% over gross sales of $15.5 million
for the quarter ended December 31, 2004. Unaudited gross sales for
the fiscal year ended December 31, 2005 were $89.6 million, up 37%
over gross sales of $65.2 million for the year ended December 31,
2004. About AERT: Since 1989, AERT has pioneered the use of
recycled polyethylene plastic in the manufacture of composite
building materials. With its constantly evolving portfolio of
patented and proprietary recycling technologies, AERT has been
widely recognized as a leader in resource conservation innovation,
receiving the EPA Award for Environmental Excellence for its
process of converting scrap plastic to composite outdoor decking.
The Company's value added products and focus on customer service
earned its ChoiceDek(R) brand of composite outdoor decking a
Consumer Reports "best buy" rating and the Weyerhaeuser/AERT
ChoiceDek(R) program received Lowe's Companies' 2005 Vendor of the
Year Award for lumber products. AERT operates manufacturing and
recycling facilities in Arkansas, Texas, and Louisiana. For more
information, visit www.aertinc.com. The statements in regards to
our anticipated financial condition and our business strategy
constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements are subject to
risks and uncertainties that could cause our actual operating
results to differ materially. Such risks and uncertainties include
but are not limited to the extent of market acceptance of our
products, the sensitivity of our business to general economic
conditions, and the highly competitive markets in which we operate.
Additional information concerning these risks and uncertainties are
contained in our filing with the Securities and Exchange Commission
on Form 10-K for the year ended December 31, 2004, filed April 14,
2005.
Advanced Environmental Recycling (NASDAQ:AERTA)
Historical Stock Chart
From Apr 2024 to May 2024
Advanced Environmental Recycling (NASDAQ:AERTA)
Historical Stock Chart
From May 2023 to May 2024