posted
Wicklund Holding Company Projects Revenue Increase
Wednesday, June 23, 2004 09:25 ET
LEXINGTON, Jun 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- Wicklund Holding Company (OTC Pink Sheets: WKDH) announced today that it has increased its revenue projection for the first two months and the first full quarter since deliveries of its rebar supports products began through its national distributor.
Revenues for the first two months of deliveries are projected to exceed $600,000, and for the first full quarter of shipments, revenues are projected to exceed $800,000. This comes on the heels of news that Wicklund had received follow-on orders valued at over $300,000 for three major projects in the Washington D.C. area.
"I am very pleased to report this sales increase as part of our improved distribution and delivery systems put in place over the past quarter. At the current rate of sales, we are likely to exceed our 12-month sales projection," said James Turek, president of Wicklund Holding Company. Our use of recycled raw materials helps to maximize our bottom line as well. As part of our constant effort toward product improvement, a new material is being developed that we expect to further enhance our profit margins while providing similar benefits to its manufacturer and to our distributor."
Wicklund has been in the recycled plastics business for 10 years. Its products include rebar supports, plastic lumber, and plastic signage. Wicklund's proprietary technology is used to support rebar during the pouring of concrete and becomes part of concrete structures such as: bridges, highways, hospitals, shopping centers, and multi-story buildings.
Wicklund Holdings products can be found in the construction of such notable structures as: The Toronto Sky Dome, Chattanooga Aquarium, Tampa Convention Center, Cleveland Stadium, Kansas City Stadium and the Nuclear Regulatory Facility on Los Alamos. Wicklund's extensive use of recycled materials throughout its manufacturing process significantly reduces its cost of manufacturing while providing for a cleaner environment.
You can access an overview of Wicklund Holding Company products by visiting its corporate website: www.wicklundholdingcompany.com .
Forward Looking Statement
This Press Release may include 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 based on the Company's current expectations as to future events. However, the actual results related to the forward-looking statements could differ materially from those anticipated or implied in the forward-looking statements.
SOURCE Wicklund Holding Company
CONTACT: James N. Turek, President of Wicklund Holding Company, +1-859-245-5252
Wicklund Holding Company Announces Agreement to Acquire A.T.G. Sports Industries Inc.
Monday , June 14, 2004 09:55 ET
LEXINGTON, Ky., Jun 14, 2004 /PRNewswire-FirstCall via COMTEX/ -- Wicklund Holding Company (OTC Pink Sheets: WKDH) announced today that it has reached an agreement to acquire A.T.G. Sports Industries, Inc. in an all-stock transaction. It is expected that final documentation will be prepared over the next 30 days.
A.T.G. Sports Industries, with a history spanning over 24 years, is based in Andover, Kansas, and develops and installs artificial athletic surfaces for indoor and outdoor sports applications such as tennis, soccer, football, baseball, rugby, running tracks and field hockey. The company also develops and installs a wide variety of surfaces for a many court-based sports as well as public parks and playgrounds.
"This acquisition is expected to add $7 million to $10 million in annual sales. We are very excited to be entering this growing market as demand for artificial turf and other safety surfaces are experiencing tremendous demand with installation at high schools, elementary schools, universities, colleges, and public parks. As a conservation measure, some states have outlawed irrigation systems for grass and are now pressing for artificial turf be installed," said James Turek, president of Wicklund Holding Company.
"We believe that our joint effort can assist A.T.G. Sports in moving to new levels of commercial success through our shared resources. We believe that demand for safer and lower maintenance surfaces will continue to grow significantly in the years to come," said Mark Driver, president of A.T.G. Sports Industries, Inc. will remain as its president. It is expected that A.T.G. will operate as a wholly owned subsidiary of Wicklund.
You can access an overview of Wicklund Holding Company products by visiting the website: www.wicklundholdingcompany.com .
Forward Looking Statement:
This Press Release may include forward-looking statements with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events results could differ materially from those anticipated or implied in the forward-looking statements. The potential acquisition mentioned in this news release is subject to approval by the board of directors of both companies, mutual agreement on final documentation, and regulatory approval.
SOURCE Wicklund Holding Company
CONTACT: James Turek of Wicklund Holding Company, +1-859-245-5252
posted
Wicklund Holding Company Shareholder Letter
***
LEXINGTON, Ky., June 28 /PRNewswire-FirstCall/ -- James N. Turek, President of Wicklund Holding Company (OTC Pink Sheets: WKDH), sent the following letter, dated June 28, to all Wicklund shareholders: Dear Shareholder: This year has thus far been a year of tremendous growth and relative financial prosperity for Wicklund Holding Company. Our recently announced distribution agreements are an exciting milestone. As initial shipments have begun, we have been awarded new contracts and follow-on orders most recently for three major projects near Washington D.C. These new orders came under our new factory-direct program established to meet our distributor's requirements for high-capacity jobs where product is delivered as needed "floor-by-floor" rather than all at once. This efficient delivery method relieves job site storage issues and provides for faster delivery enabling Wicklund's distributor to bid on and be awarded larger orders. As a result of the new orders and implementation of our distributor relationships, we can now confidently project that our revenue for the first full quarter since deliveries began will exceed $800,000. At our current rate of sales, we are likely to exceed our 12-month sales projection as well. With a solid distribution network now in place, we are continuing our growth through the acquisition of A.T.G. Sports International. A.T.G. Sports is a 24-year old, St. Louis-based maker and installer of artificial athletic surfaces for indoor and outdoor sports applications such as tennis, soccer, football, baseball, rugby, running tracks and field hockey. The company also installs a wide array of surfaces for many court-based sports as well as public parks and playgrounds. We expect this acquisition to contribute $7 million to $10 million in annual sales. Your management team believes that these achievements are not fairly recognized by the marketplace as yet. And as a result, we believe Wicklund's share price does not accurately reflect the true value of our current and future prospects. It's frustrating to the company, as I am sure it is to you, to see our market value at such a low level. We have met with many challenges and we know there will be more to come, but we believe our prospects are bright. Through vision and hard work, we are confident we can overcome any obstacle and capitalize on future opportunities. While we consider the successes achieved thus far as building blocks for future accomplishments, we are actively seeking new avenues for increasing shareholder value. I would like to thank our employees, management team, highly valued shareholders and customers for their commitment and support. Moving forward, we will focus on growth opportunities, while working to achieve profitability. I remain confident that we will continue to build value for Wicklund Holding Company investors, while meeting the needs of our customers and employees. Sincerely, James N. Turek, President Wicklund Holding Company Forward-Looking Statement This Press Release may include 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 based on the Company's current expectations as to future events. However, actual events could differ materially from those anticipated or implied in such forward-looking statements. SOURCE Wicklund Holding Company -0- 06/28/2004 /CONTACT: James Turek, President of Wicklund Holding Company, +1-859-245-5252/ /Web site: http://www.wicklundholdingcompany.com / (WKDH) CO: Wicklund Holding Company; A.T.G. Sports International ST: Kentucky IN: SU:
posted
Wicklund Holding Company Shareholder Letter
***
LEXINGTON, Ky., June 28 /PRNewswire-FirstCall/ -- James N. Turek, President of Wicklund Holding Company (OTC Pink Sheets: WKDH), sent the following letter, dated June 28, to all Wicklund shareholders: Dear Shareholder: This year has thus far been a year of tremendous growth and relative financial prosperity for Wicklund Holding Company. Our recently announced distribution agreements are an exciting milestone. As initial shipments have begun, we have been awarded new contracts and follow-on orders most recently for three major projects near Washington D.C. These new orders came under our new factory-direct program established to meet our distributor's requirements for high-capacity jobs where product is delivered as needed "floor-by-floor" rather than all at once. This efficient delivery method relieves job site storage issues and provides for faster delivery enabling Wicklund's distributor to bid on and be awarded larger orders. As a result of the new orders and implementation of our distributor relationships, we can now confidently project that our revenue for the first full quarter since deliveries began will exceed $800,000. At our current rate of sales, we are likely to exceed our 12-month sales projection as well. With a solid distribution network now in place, we are continuing our growth through the acquisition of A.T.G. Sports International. A.T.G. Sports is a 24-year old, St. Louis-based maker and installer of artificial athletic surfaces for indoor and outdoor sports applications such as tennis, soccer, football, baseball, rugby, running tracks and field hockey. The company also installs a wide array of surfaces for many court-based sports as well as public parks and playgrounds. We expect this acquisition to contribute $7 million to $10 million in annual sales. Your management team believes that these achievements are not fairly recognized by the marketplace as yet. And as a result, we believe Wicklund's share price does not accurately reflect the true value of our current and future prospects. It's frustrating to the company, as I am sure it is to you, to see our market value at such a low level. We have met with many challenges and we know there will be more to come, but we believe our prospects are bright. Through vision and hard work, we are confident we can overcome any obstacle and capitalize on future opportunities. While we consider the successes achieved thus far as building blocks for future accomplishments, we are actively seeking new avenues for increasing shareholder value. I would like to thank our employees, management team, highly valued shareholders and customers for their commitment and support. Moving forward, we will focus on growth opportunities, while working to achieve profitability. I remain confident that we will continue to build value for Wicklund Holding Company investors, while meeting the needs of our customers and employees. Sincerely, James N. Turek, President Wicklund Holding Company Forward-Looking Statement This Press Release may include 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 based on the Company's current expectations as to future events. However, actual events could differ materially from those anticipated or implied in such forward-looking statements. SOURCE Wicklund Holding Company -0- 06/28/2004 /CONTACT: James Turek, President of Wicklund Holding Company, +1-859-245-5252/ /Web site: http://www.wicklundholdingcompany.com / (WKDH) CO: Wicklund Holding Company; A.T.G. Sports International ST: Kentucky IN: SU:
posted
malloy what's holding wkdh back? I have talked to the president jim turek many times and he thinks as I do that its just mm shorting... this stock is way oversold and you would think that all the positive news out about revenue increase and their new distribution of rebar and other products would get this one going to at least $.15 ...
IP: Logged |
posted
Way oversold. Looks like shorting...but if it holds strong at the present level, MM will eventually let go and cover...hope sooner than later.
quote:Originally posted by akorneas: malloy what's holding wkdh back? I have talked to the president jim turek many times and he thinks as I do that its just mm shorting... this stock is way oversold and you would think that all the positive news out about revenue increase and their new distribution of rebar and other products would get this one going to at least $.15 ...
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
