Business Services Industry
Spa Faucet Inc. reports second quarter net of 7 cents
Business Wire, July 11, 1996
CHATSWORTH, Calif.--(BUSINESS WIRE)--July 11, 1996--Spa Faucet Inc. (NASDAQ OTC:DRIP), a subsidiary of ECO2 Inc. (NASDAQ:TIRE) announced today for the three month period ended June 30, 1996, Spa Faucet Inc. earned $335,202 on $2,477,625 in revenues or 7 cents per share.
Leonardo Sudman, Spa's CEO said, "We are elated with our earnings results and the prospects of even stronger revenues and profits in the upcoming quarters. The second half of this year will see Spa roll out it's national sales programs to the home-center superstores, where we were previously utilized by these national chains as a regional supplier.
"In addition to increased and expanded unit sales, we foresee adding a number of new promotionally priced faucets, which have received wide industry acceptance and should positively impact our future results."
CONTACT: Spa Faucet Inc., Chatsworth
Leonardo Sudman, 818/718-9305
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