Bonal International Reports Significant Increases for Net Income and Earnings Per Share for Third Quarter & Nine Months Vibratory Stress Relief Leader Announces Huge Net Income Increase in Third Quarter Results

ROYAL OAK, Mich., March 14, 2011 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) announced significant increases in the third quarter ending December 31, 2010.  Net income for the third quarter was $109,855, an increase of $104,901 over last year's results with earnings per share at $0.06.  Third quarter revenue was up dramatically at $619,500, a 17.5 percent increase from last year. The nine months year-to-date numbers were also impressive with net income of $344,673, a striking increase over last year's nine month total of $31,152.  The nine month earnings per share were $0.20.  This was based on revenues of $1,692,172, a 17.9 percent increase over last year's nine month report.

"In this quarter we saw foreign sales nearly match domestic sales activity," said Thomas E. Hebel, interim president and CEO of Bonal Technologies, Inc.  "Foreign sales accounted for 48 percent of our sales volume, up from 28 percent in the first six months.  The value of the U.S. dollar has steadily decreased since June 2010, making buying our products easier for foreign customers, especially in this quarter."

"We saw the sales for all three of Bonal's product lines increase compared with last year," Hebel said.

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


Third Quarter Ending December 31,


2010

2009

Revenue

$619,500

$527,310

Net Income

109,855

4,954

Earnings Per Share

0.06

0.00


Note: This table contains unaudited results.




Nine Months Ending December 31,


2010

2009

Revenue

$1,692,172

$1,434,749

Net Income

 344,673

31,152

Earnings Per Share

0.20

 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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