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Show The Motional Enterprise , September 15, 1976 Page nine In Brief Altex Posts Earnings I 'nited Cable Television OTC 2.50, 2. 75 lost $4.2 million on $ 15.3 million gross for fiscal 1976 vs. a loss of SI. 6 million on $ 12.4 million. explained, but has increased tion in Carbon County, Wyomtially improved operating re- substantially since the end of ing which has added 55 barsults for both the third quarter the third quarter as a result of rels of oil daily to the comand nine months ended June a producing property acquisi- - pany's net production. 30, 1976 were announced toDENVER, Colo. Substan- day by Altex Oil Corporation (OTC .3125, .375) independent producer with offices in Denver and Vernal, Utah. Consolidated revenues increased 86 percent, to non-produci- ng st ll n Earnings , Backlog, and ITtalheim Exposition Management Corp. OTC 3.75, 4.25 has abandoned its plan to repurchase its own common stock. No reason was given. Credit Line Highlight Valtek Announcement $1,256,003 during the nine months ended June 30, 1976 from $673,148 in revenues during the comparable period in fiscal 1975, according to Cecil Wall, president. RevenPROVO, Utah Valtek, Inc. ues for the third quarter also (OTC 4.25, 4.625) has readvanced sharply, he said, to ported a sales increase of 33 $473,407 from $224,704 in and a net revenues during the third quarter of fiscal 1975. Earnings for the nine months totalled $268,112 up 48 percent from earnings of $181, 136 during the first nine months of fiscal 1975, Wall said, increasing for the third quarter to $86,618 from $19,211 during the fiscal 1875 third quarter. Wall attributed the companys improved performance primarily to the sale of oil and gas leases, in the Hingeline-Over-thruchiefly Area in Utah, and to a $232,000 reversionary income contribution from paid-ou- t wells in the Altamont-Bluebearea. The comapnys oil and gas income was relatively stable from 1975 to 1976, Wall Tejas Gas OTC 8.50, 9.00 revised its previously announced six month earnings downward by 2 cents a share from 79 cents to 77 cents for the period ending June JO. 1976. Revision caused hv a write-dowof the value of the companys oil and gas properties. percent earnings boost of 92 percent for the first quarter ending July 31. Net earnings of $120,419 (seven cents a share) were compared to those of $62,742 (four cents a share) for the same period of 1975. Net sales of $1,578,267 were compared to $1,183,291. Mentioning a backlog of orders amounting to $2.5 million over the amount recorded for the same time last year, vice president, finance, Dave Anderson said the backlog should insure production for months ahead. Anderson noted the Miner Industries OTC .625, 1.125 reports a first fiscal quarter net loss of $778,446 on sales of $1,385,844. Management says the first quarter is normally the toy and organ manufacturer's slowest. payment by a licensee for expanding territory. Valtek has increased its bank line of credit from $1.2 million to $2 million and by the end of the quarter had borrowed $950,000 against its new line. Anderson said the company has reduced its interest rate from two percent to one pcercent over prime rate. Valtek announced in August it has filed a public offering of 350,000 common shares with the Securities and Exchange Commission. The proceeds of this offering, Anderson said, would be used to help construct and equip the Houston sales, repair and assembly facility, to purchase production equipment, reduce debt and increase working Sensormatic Electronics OTC 6.50, 6.875 has ventured Into the liquor industry by buying the Ohio based llildon Company, a maker of liquor dispensing The purchase is being made for cash, systems. common stock, convertible preferred stock and an earnout agreement with llildon s two principal owners. F L Jacobs OTC 3.125, 3.50 declared a dividend bringing total dividend payout to 15 cents for the year. They earned $859,848 on sales of $23, 930, 771 for fiscal 1976. Last year sales were $18,013,362. OTC 3.875, 4.375 2nd quarter earnings and sales are virtually identical to last years 2nd quarter results. Just over $300,000 net on approximately $6.5 million in sales. Unibraze Corp. Logicon OTC 3.50, 4.00 has received a contract from the Department of Transportation to study the feasibility of developing an automated command verification system utilizing computer speech recognition for use on Coast Guard and other vessels. announced earnings amount included an unusual item, capital. of $50,000, which was pre-tax, Get your grub stake and start out for the Gold Country. Stake a claim and dig for gold. Get lucky and make a strike! Start collecting your gold bricks . . . beat the others to the next spot and do it again. Be careful not to blow your money on worthless digging. If someone jumps your claim sue them! As you get rich with gold you have important decisions to make. The price of gold is going up unpredictably. Are you going to invest in more gold production or in San Francisco hotels? Those hotels can be highly profitable and the last hotel lots are being snapped up. You can come from behind taking spectacular all!! 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