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News, Articles and Releases
Asconi Corporation Issues 2004
Earnings Guidance
Company Expects Earnings Growth
Of At Least 30% From The Year-Earlier Period
WEDNESDAY, JANUARY 28, 2004 4:01 PM
ORLANDO, Florida, January 28, 2004 - /PRNewswire-FirstCall
via COMTEX/ -- Asconi Corporation (Amex: ACD), one of the largest
Eastern European producers of wines and spirits, today released
earnings guidance for its 2004 fiscal year ending December 31, 2004.
Asconi expects 2004 net income to be between $3.9 and $4.1 million,
or between 33 cents and 34 cents per diluted share, which would
represent at lease a 30% increase in net income from 2003's expected
results. This guidance does not take into account any possible acquisitions
the Company may make during 2004. Asconi also reiterated its previous
guidance for 2003 of net income between $2.8 and $3.0 million, or
23 and 26 cents per diluted share.
About Asconi Corporation
Asconi Corporation (AMEX: ACD) is one of the largest producers
and distributors of wines and spirits in Eastern Europe. Asconi
currently markets its products in seventeen countries worldwide
and offers an extensive portfolio of over 350 items in fifty product
lines. The Company is involved in every aspect of wine and spirits
production and distribution, from grape processing to sales of alcoholic
beverages.
For more information, please visit www.asconi.com.
Contact: Mr. Serguei Melnik, Asconi Corporation Chief Operations
Officer
Phone: 407 679-9463
Email: info@asconi.com
Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995: The
statements in the press release that relate to the company's expectations
with regard to the future impact on the company's results from new
products in development are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The results anticipated by any or all of these forward-looking statements
may not occur.
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