Bonal International, Inc. Holds Its Own in Challenging Economic Times

Jun 19, 2009, 10:57 ET from Bonal International, Inc.

Company announces modest net income and earnings for FY ended March 31, 2009

ROYAL OAK, Mich., June 19 /PRNewswire-FirstCall/ -- Bonal International, Inc. (OTC: BONL) today announced consolidated financial results for the fiscal year ended March 31, 2009. Despite the challenging economic times in the manufacturing sector, Bonal announced modest net income and earnings. In the year ended March 31, 2009, Bonal International, Inc. posted net sales of $1,696,878 compared to $2,545,923 in 2008. Net income after tax is $30,109 and earnings per share of $0.01, compared to a net income of $523,168 or $0.31 earnings per share last year.

Fourth quarter revenue for Bonal International was $332,618 from $747,917 at March 31, 2008. Bonal posted a slight loss in the fourth quarter net income ($24,178), down from $134,976 last year. Bonal also had a per share quarterly loss of $(0.01) compared to $0.08 last year.

    4th Quarter ending March 31, 2009

                                 2009            2008

    Revenue                  $332,618        $747,917
    Net income                (24,178)        134,976
    Earnings per share         $(0.01)          $0.08

    Fiscal Year ending March 31, 2009

                                 2009            2008

    Revenue                $1,696.678      $2,545,923
    Net income                 30,109         523,168
    Earnings per share           $.01           $0.31

"We are pleased that despite the economic downturn Bonal International has stayed in the black for the year," said A. George Hebel, III, chairman and president of Bonal International. "As we move into fiscal year 2010, Bonal's goal is to continue to position the company for growth once the economy recovers."

As the world's leading provider of sub-harmonic vibration technology for metal improvement solutions, Bonal's goal is to help companies keep competitive by reducing operating and energy costs. Bonal's technology helps manufacturers become more "green" or environmentally friendly and lower their carbon footprint while continuing to increase shareholder value. Bonal's patented technology and its product lines Meta-Lax(R) Stress Relief, Pulse Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R) can help to reduce energy consumption by 98 percent compared to natural-gas-fired heat treatments as shown by research conducted by the U.S. Department of Energy.

2009 Key Accomplishments

Bonal unit sales showed an increase of repeat customers to 34 percent from 25 percent last year. Bonal also maintained foreign sales at 33 percent. Bonal had dollar sales in 42 states and 17 foreign countries. Nearly 90 percent of sales were sold by the in-house sales department.

Bonal International Inc. will hold its annual meeting on Wed., August 5, 2009 for shareholders of record on July 6, 2009 at Bonal's corporate offices in Royal Oak, Mich.

Bonal International Inc. through its wholly owned subsidiary, Bonal Technologies, Inc., is the world's leading provider of sub-harmonic technology for metal improvement solutions with more than 35 years of expertise. Bonal's patented technology and its three product lines: Meta-Lax(R) Stress Relief, Pulse Puddle Arc Welding(R) (PPAW(R)) and Black Magic(R) for distortion control, are sold in the US and in more than 50 countries. Headquartered in Royal Oak, Mich., Bonal provides a variety of services including consulting, training, program design and metal stress relief services for customers. Bonal's technology helps a variety of industries including aerospace, armament, automotive die casting, engine building, machine tool, mining, petroleum, plastic molding, racing, ship building and welding. More information on Bonal can be found at or by calling 800-Metal-29.

SOURCE Bonal International, Inc.