Mr. Charles L. Thompson, the Company's CFO said, “I am obviously pleased with the earnings improvement in 2006, but more impressively with the positive cash flow provided from operations of $2,206,000, compared to last year's negative cash flow, or cash used in operations of $365,000, which is a swing of $2,571,000. The Company reduced its inventory levels, which accounts for $1,515,000 of the cash flow improvement, and the change in earnings (net income vs. net loss) accounts for $727,000 of the improvement from prior year. This was a major turnaround."
Robert Budd, the Company's CEO stated, “I am very pleased with the progress that we have made over the last 12 months. I would like to thank each and every employee, customer, vendors, and our shareholders for their support over the past year. We still have many challenges while at the same time many opportunities to look forward to in '07. I look forward to speaking with you in person on Monday, February 5, 2007 on the company's quarterly conference call."
marketing@alchempro.com
