Bonal International Reports Strong Year End and Fourth Quarter Results for 2012

ROYAL OAK, Mich., Aug. 2, 2012 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) announced 2012 fiscal year end revenue of $2,292,408, third highest in corporate history, off last year's record of $2,560,569.  This was the eighth consecutive profitable year for Bonal.  Net income was $329,352, representing the fourth most profitable year, with earnings per share of $0.19, compared to $510,590 and $0.29 last year.  Additionally, 2012 was a good year for shareholders as Bonal paid record dividends, its seventh consecutive year paying dividend and Stockholders Equity increased 5% to a record of $1,694,366 or $0.97/share.

"Current customers accounted for 48% of sales by unit volume by purchasing more equipment and referring other companies to Bonal," said Thomas E. Hebel, who has just completed his second year as Interim President of Bonal International.    

Bonal International Reports Fourth Quarter
Fourth quarter revenue was $643,839, the fifth best quarter in corporate history compared to the record set last year of $868,397.  Net income was $0.03 compared with $0.09 last year.

"Considering all the changes and shifts in the economy, fiscal year 2012 was both exciting and challenging," said Hebel.  "Outstanding customer loyalty, cutting edge technology and products, and a committed team effort will keep Bonal's future bright."

Bonal International Inc. will hold its annual meeting on Wednesday August 15, 2012 for shareholders of record as of July 13, 2012 at Bonal's corporate headquarters in Royal Oak, MI.

Bonal International Inc., through its wholly owned subsidiary, Bonal Technologies, Inc. is the 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 54 countries worldwide.  Headquartered in Royal Oak, Mich., Bonal serves the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, mold making, 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 time, energy, and monetary costs of competing technologies.  More information can be found at www.bonal.com or by calling 1-800-Metal-29.

SOURCE Bonal International, Inc.