Company announces modest net income and earnings for FY ended
Fourth quarter revenue for Bonal International was
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
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
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
SOURCE Bonal International, Inc.