2014

Bonal International Reports Significant Increases for Net Income and Earnings Per Share for Second Quarter & Six Months Vibratory Stress Relief Technology Leader Announces 65% Net Income Increase in Second Quarter Results

ROYAL OAK, Mich., Nov. 22, 2010 /PRNewswire-FirstCall/ --  Bonal International, Inc. (OTC: BONL) announced significant increases in the second quarter ending September 30, 2010.  Net income for the second quarter was $110,858, an increase of 65 percent over last year's results with earnings per share at $0.06.  Second quarter revenue was slightly off at $542,985, a two percent drop from last year.    The six months year-to-date numbers were also impressive with net income of $234,818, a striking increase over last year's six month total of $26,200.  The six month earnings per share were $0.13.  This was based on revenues of $1,072,672, an 18 percent increase over last year's six month report.

"In this quarter we saw the aerospace and defense industries take the lead in our sales activity," said Thomas E. Hebel, interim president and CEO of Bonal Technologies, Inc.  "The driving force was that they wanted to achieve the same high quality stress relief as what they were used to, but accomplish it faster.  They realized that using our patented Meta-Lax® technology and equipment will become a real asset to their company's future efficiency and profits."

"We saw the sales of both of our all new touch-screen stress relief models really take off," Hebel said.  "We are very encouraged with the market reception of these two systems which accounted for more than half of our sales volume."

This is the second quarter with Bonal under the leadership of interim President Thomas E. Hebel.  

Bonal International Reports Second Quarter and Six Months Results

Second Quarter Ending September 30,


2010

2009

Revenue

$542,987

$555,613

Net Income

110,858

67,051

Earnings Per Share

0.06

0.04



Note: This table contains unaudited results.

Six Months Ending September 30,


2010

2009

Revenue

$1,072,672

$907,440

Net Income

234,818

26,200

Earnings Per Share

0.13

0.02



Note: This table contains unaudited results.

Bonal International Inc., through its wholly owned subsidiary, Bonal Technologies, Inc. is the patent holder and world's leading provider of sub-harmonic vibratory stress relief and weld conditioning technology.  Bonal provides three lines of equipment Meta-Lax® Stress Relief and Weld Conditioning, Pulse Puddle Arc Welding®, and Black Magic® Distortion Control, which are sold in the United States and more than 50 countries worldwide.  Headquartered in Royal Oak, Mich., Bonal services the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, plastic molding, ship building, and welding industries.  Bonal's Meta-Lax® technology is used for eliminating thermal stress in metal parts, thereby preventing warping and cracking, at a fraction of the energy and monetary costs of competing technologies.  More information can be found at www.Bonal.com or by calling 1-800-Meta-Lax.

SOURCE Bonal International, Inc.



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