Astrex, Inc. Reports Record Year End Results

Apr 20, 2001, 01:00 ET from Astrex, Inc.

    PLAINVIEW, N.Y., April 20 /PRNewswire/ -- For the second consecutive year
 Astrex, Inc. (OTC Bulletin Board:   ASXI) reports on a preliminary and unaudited
 basis, record breaking year end results.  The Company advised today that it
 anticipates that its Net Income, Sales, Bookings and Backlog for the fiscal
 year ended March 31, 2001 (FY '01) will each exceed the previous fiscal year's
 (FY '00) record breaking result by double digits.
     Specifically, on a preliminary and unaudited basis and subject to
 adjustment, the indicated results for the just ended FY '01 are:
 
      -- A 38% increase in Net Income (approximately $628,000 for FY '01 as
         compared to $456,000 FY '00);
 
      -- A 15% increase in Net Sales (approximately $19,009,000 for FY '01 as
         compared to $16,512,000 for FY '00);
 
      -- A 19% increase in Bookings, i.e. orders (approximately $20,066,000 for
         FY '01 as compared to $16,843,000);
 
      -- A 24% increase in Backlog, i.e. confirmed but not yet shipped orders
         ($4,969,000 at March 31, 2001 as compared to $4,018, 000 at
         March 31, 2000).
 
     The Company cautions that these preliminary results reported for the
 fiscal year just ended March 31, 2001 are preliminary, are subject to
 adjustment and have not been subject to audit.  The Company anticipates that
 it will be filing its 10-KSB report for the just completed fiscal year with
 the SEC in  June 2001 and it will be important for those interested to review
 that report when it is filed.
 
     This announcement contains forward looking statements that involve risks
 and uncertainties, including those relating to the future business performance
 of Astrex.  More information about some of the many potential factors which
 could affect the Company's business and financial results are included in the
 Company's Annual Report on Form 10-KSB for the year ended March 31, 2000,
 including (without limitation) under the captions "Description of Business",
 "Description of Property" and "Management's Discussion and Analysis or Plan of
 Operation," and in the Company's Quarterly Reports on Forms 10-QSB for the
 quarters ended June 30, 2000,  September 30, 2000, and December 31, 2000 all
 of which are on file with the Securities and Exchange Commission
 (http://www.sec.gov).
 
 

SOURCE Astrex, Inc.
    PLAINVIEW, N.Y., April 20 /PRNewswire/ -- For the second consecutive year
 Astrex, Inc. (OTC Bulletin Board:   ASXI) reports on a preliminary and unaudited
 basis, record breaking year end results.  The Company advised today that it
 anticipates that its Net Income, Sales, Bookings and Backlog for the fiscal
 year ended March 31, 2001 (FY '01) will each exceed the previous fiscal year's
 (FY '00) record breaking result by double digits.
     Specifically, on a preliminary and unaudited basis and subject to
 adjustment, the indicated results for the just ended FY '01 are:
 
      -- A 38% increase in Net Income (approximately $628,000 for FY '01 as
         compared to $456,000 FY '00);
 
      -- A 15% increase in Net Sales (approximately $19,009,000 for FY '01 as
         compared to $16,512,000 for FY '00);
 
      -- A 19% increase in Bookings, i.e. orders (approximately $20,066,000 for
         FY '01 as compared to $16,843,000);
 
      -- A 24% increase in Backlog, i.e. confirmed but not yet shipped orders
         ($4,969,000 at March 31, 2001 as compared to $4,018, 000 at
         March 31, 2000).
 
     The Company cautions that these preliminary results reported for the
 fiscal year just ended March 31, 2001 are preliminary, are subject to
 adjustment and have not been subject to audit.  The Company anticipates that
 it will be filing its 10-KSB report for the just completed fiscal year with
 the SEC in  June 2001 and it will be important for those interested to review
 that report when it is filed.
 
     This announcement contains forward looking statements that involve risks
 and uncertainties, including those relating to the future business performance
 of Astrex.  More information about some of the many potential factors which
 could affect the Company's business and financial results are included in the
 Company's Annual Report on Form 10-KSB for the year ended March 31, 2000,
 including (without limitation) under the captions "Description of Business",
 "Description of Property" and "Management's Discussion and Analysis or Plan of
 Operation," and in the Company's Quarterly Reports on Forms 10-QSB for the
 quarters ended June 30, 2000,  September 30, 2000, and December 31, 2000 all
 of which are on file with the Securities and Exchange Commission
 (http://www.sec.gov).
 
 SOURCE  Astrex, Inc.