2014

American Biotech Labs(R) reports sales up by 50% for first half; declares cash disbursement Clifton Mining Company Inc. (OTC : CFTN)



    ALPINE, UT, Aug. 4 /PRNewswire-FirstCall/ - American Biotech Labs, LLC
 (ABL) is a private Company that produces products using SilverSol
 Technology(TM) that is both benign and a broad-spectrum anti-pathogenic.
 Clifton Mining Company (Clifton) is the largest shareholder of ABL, owning
 approximately 21% of the shares.
 
     For the first six months of 2008 ABL reports that its sales increased
 by 50% over the corresponding period of 2007. This increase does not
 include any sales from new contracts in South and East Asia and the Middle
 East. The company believes these will be important markets in the future.
 
     Extraordinary expenses including legal and patent costs associated with
 procuring patents in these new countries, reduced profitability. Yet even
 with these expenses, ABL declared an interim profit distribution to
 shareholders, which yielded $77,000 to Clifton.
 
     While there can be no assurances of these, IF sales increase at this
 rate for the next couple of years and IF extraordinary expenses do not
 increase, then distributions from ABL should be sufficient to cover
 Clifton's general expenses.
 
     We look forward to seeing all those shareholders who can attend the
 annual shareholder meeting scheduled for the 29th of August, 2008 at 12 pm.
 Alpine Arts Center 450 Alpine Hwy, Alpine, UT 84004, (801) 763-7173.
 
     Clifton trades on the U.S. OTC: (CFTN).
 
     Note: Any statements released by Clifton Mining Company that are
 forward looking are made pursuant to the safe harbor provisions of the
 Private Securities Litigation Reform Act of 1995. Editors and investors are
 cautioned that forward looking statements invoke risk and uncertainties
 that may affect the company's business prospects and performance.
 
 
 

SOURCE Clifton Mining Company

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.