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BP International Announces Fourth Quarter Gains up 53% over Previous Year
DELAND, Fla.BP International Bruce A. Ruisi, 321-385-2514 800-767-2255dmventures@msn.com http://bpinternational.com/
BP International, Inc., (OTC BB: BPIL), a rapidly growing manufacturer of fabric architecture shade structures and tennis and athletic field equipment, posted the company's first quarterly operating profit since first quarter FYE 2003. The company reported revenue for the fourth quarter, which ended May 31, 2004, rose 53% to $1,626,552 compared with $1,061,750 a year ago. Operating profits for the quarter were $45,883 compared with a net operating loss of $(486,498) during the same period the previous year.
"These numbers represent some pretty aggressive growth for our last quarter, and that growth is represented by increases in every one of our product divisions," said Larry Ball, BP International CEO. "What's especially exciting to me, but not unexpected based on our projections, is that our profound growth continues into the first quarter of our new year, which we'll be reporting in a separate release."
Comparing 2003 fourth quarter sales with 2004 fourth quarter sales, increases in each division were as follows: ShadeZone(TM) fabric architecture division: up 163.67% Tennis Court Equipment division: up 59.2 % Athletic Field Equipment division: up 20.45% Fence division: up 17.09%
"The numbers reflect the primary source of our over all growth," Ball continued. "It's coming from the total offering of our fabric shade products, which we sell first and foremost in our ShadeZone(TM) division, and secondarily in the Tennis division. Three years ago we introduced our fabric architecture product line. As we investigated that market, we realized that we were poised on the brink of an incredibly huge phenomenon: the need for shade in all outdoor facilities, for reasons of health and for comfort. We knew we had a product that could address that need in a way that would be extremely attractive and competitive. At that time, we began a severe reorganization within our company to gear up for and prepare to address that need, with the unequivocal goal of capturing a significant share of the newly emerging market. Reorganization required significant capitol, and some lean months for the company, but our long-term projections were right on target.
"The primary growth factor in tennis is the response of tennis court builders to the various shade products. Until recently, shade was not a consideration at tennis facilities. Now, it's the number one request from players and spectators, and clubs are responding to the pressure. "As far as the ShadeZone(TM) division, we are marketing our product to several significant sectors: all playgrounds at schools, day cares, parks; golf courses and driving ranges; parking lots for multi-family dwellings, office and shopping complexes, pay-for-parking; bleacher covers at parks, schools, universities, and professional baseball and football facilities; pavilions at parks, Amusement Parks, zoos; car washes, auto dealerships, etc. The list is endless. The response is powerful. The numbers tell the story."
About BP International, Inc.:
BP International, Inc. (BPIL) is a leading manufacturer of tennis court equipment, athletic field and gymnasium equipment, custom netting, and outdoor fabrics for use in privacy and construction fencing and fabric architecture shade structures and cabanas. The company recently introduced ShadeZone(TM) shade structures, an expanding line of standard and custom, permanent and portable, fabric architecture to reduce heat and block UV rays on playgrounds, golfing facilities, zoos, baseball and football complexes, theme parks, parking lots, car dealerships, outdoor concessions, pool sides, etc...For more information, please visit our website at www.BPInternational.com
Forward-Looking Statements:
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes" "anticipates" "plans" or "expects" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.
Copyright © 2004 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
News Copyright © 2004 Interest!ALERT All rights reserved.
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