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Show The National Enterprise , November 17, 1976 Page four Soft Photofinishing Market Weco Development, Energy Fuels Sigh Uranium Exploration Pact Flatens Progressives Sales Ohio Progressive Industries Corporation (OTC 1.375, 1.875) a regional photofinishing firm, reported results of operations for the second quarter and six months ended Sept. 30, 1976. Net income for the recent quarter amounted to $296,162, equal to twenty-on- e cents per share, on revenues of $6,088,896. These compare with net income of $268,326 or twenty cents per share, on revenues of $6,155,908, achieved in the comparable quarter one year ago. For the fiscal first half ended Sept. 30, DAYTON, Progressives earnings amounted to $409,715 or thirty cents per share, compared with earnings of $413,534 or thirty cents per share in the comparable six months ended 1976, Sept. 30, 1975. Revenues in the recent half year were $11,016,307 versus $11,128,303 in the like period of year earlier. President of Progressive Industries, Michael F. Adler, said that continued soft demand for photofinishing in some of the markets served by the company had prevented revenue growth, but significant investment tax credits arising from the companys current capital spending, coupled with a decrease in non-deductib- le expenses this year, enabled the company to report a modest gain in net income for the recent quarter. The companys outlook for the current second half, Adler said, is for further improvement in profits compared to levels, although he said that sales are he expected to remain flat. Longer-term- , said, new marketing efforts and continued tight control of costs would enable the company to benefit from any pick-u- p consumer spending on film processing. Progressive Industries Corp. operates photofinishing plants in Dayton and Akron, Ohio, Jersey City, N.J., and Atlanta, Ga. and and operates 100 company-owne- d film East kiosks across the franchised retail and Midwest. year-earli- er DENVER Weco Development Corp. (OTC 3.43, 3.68) has signed a letter of intent with Energy Fuels, Ltd., a private Denver concern, whereby Energy Fuels will spend $1 million over the next three years in uranium exploration and evaluation to earn a 50 percent interest in INVESTING IN THE GREAT NORTHWEST. NOW : . . FOR THE FIRST TIME A DEFINITIVE BOOK THAT ANALYZES EXCITING INVESTMENT OPPORTUNITIES IN THE DYNAMIC, RESOURCE-RIC- H SEVEN STATE REGION OF THE PACIFIC NORTHWEST (INCLUDING ALASKA). INVESTING glass-covere- flat-blac- anti-freez- d, The readily available supply also helped the company get the supply contract for 25 solar heated homes in a new building subdivision in the Denver area. The firm, which went public on May 12, currently is only in the marketing end of the business. When it becomes better established, it will begin importing only the plates and assembling the collector in Denver, Phillips said. After that, more manufacturing centers are planned for other areas of the country. At the end of its first fiscal year of operations, June 30, American Heliothermal reported a net loss of $88,500, equal to a penny a share, on revenues of $134,000. The Denver company has the distribution rights for the United States, Canada and Mexico, but it currently has distributors only in Phoenix, Dallas, Wichita, Honolulu, Denver and San Juan, Puerto Rico. IN THE GREAT NORTHWEST is a new approach to Investment guidance, bringing together in 320 entertaining and readable pages Information indispensible to any businessman Interested in this region. Discusses over 200 public companies With over 2 billion shares of stock Over $30 billion annual sales Paylng over $1 American Heliothermal Marks Market Progress square feet of the new 256,000 square foot building. interest. JUST PUBLISHED ABOUT THE AUTHORS. The sun is shining on the For home heating, he fortunes of a relatively new continued, the company recDenver company, the latest to ommends that the area of the enter the solar market. solar collectors mounted on The firm is American the roof total 30 percent of the Heliothermal Corp. (OTC .26, floor area of the home. A .30) and its product isnt the typical system would cost new'est of the new breed, but between $6,500 and $7,000 one of the oldest. The firm installed. doesn't make its own solar In home heating, he concollectors. It imports them tinued, the firm competes with from Israel, where they are several other manufacturers at manufactured by Miromet about the same price level. Ashkelon Metal Products Ltd. And, there's nothing un$800,000 Contract usual about the system. It uses standard The companys forte is k as collectors commercial plates heating applicaand copper tubing that circua since tions, ready supply is e lates water and to available from the manufacsolar heated water to a turer and the collectors dont carry water storage tank in the have to be custom built for basement of a building, comeach application. mercial or residential. That wras one reason that What it does offer the the company was able to pick buyer that other systems dont up an $800,000 contract from is a history of some 100,000 the Regional Transportation installed solar collectors, a District's new bus storage and proven system. repair facility in Denver. The The heated water can be job includes the supply of run through a heat exhcanger, 14,000 square feet of solar like a car radiator, in the collectors, to be installed by buildings forced air heating Howard Mechanical Co. of system to provide heat. Denver, to heat 169,400 For domestic hot water heating, the heat exchanger is inside the hot water tank. An uncomplicated set of automatic controls determines when heated, stored water is adequate and when auxiliary heating is needed. Bill L. Phillips, president SALT LAKE CITY Excaliof American Heliothermal, said that it takes approxibur Industries, a Moab, Utah mately 90 minutes for the based natural resource corsolar system to bring the hot poration, has been cleared by water in the tank back up to the Securities and Exchange Commission for trading on the maximum temperature, comwith about 50 to 55 Intermountain Stock Expared minutes for a gas or electric change. Trading commenced Nov. 15, 1976. hot water heater. The only time auxiliary According to the Exheating should be needed for change's president, Ernest the hot water heating system, Muth, Excalibur has four he added, is during long sources of income: sales of cloudy periods or in the early mining interests and investmorning, if the hot water has ments, rentals, interest and dividends, and royalty in been used late at night. 13,000 acres of uranium leases and claims owned by Weco in' the Ambrosia Lake area of New Mexico. Weco said the letter also provides that it may convert its 50 percent interest following the $1 million expenditure, into a 25 percent net profits billion SHANNONS. PRATT to EdNaral North Havtow and al North it Hoc Quid., a ayndlealad mMiwnn ini raasnivM Rnsesni o mcegnliad export on valfei uation. Ha hoMo o doctor from Indlono UntooroRy, to a Chartorad Financial Analyal and a CartMtod Financial Pknnar, and y towlam coipoo m annual dividends and interest aioalunucual book. A fra bracking altortwltti Important malarial tor acenemlc aophletlcataa aa wad aa amateur kwaatorm." Robert Land-aua- r, The OREGONIAN. A Tha aulhora aaa many maaana artry tha North alaheuld continue lo ba a aound and growing ragton tot kiaatinanttunda.Thar'a no raaaen to dtoagraa. Dan Oeughtoi, SaaMa. a dime el lha tovetoment Anatyaii Cantor at Portland Kato U. $9.95 Hard ORDER TODAY $&95 Cover Soft Cover AVAILABLE AT MOST BOOK STORES OR ORDER FROM: Willamette Management Associates, Inc. 220 S. W. Alder Street Portland, OR 97204 Pleaae Bend me copies of "INVESTING I IN THE GREAT NORTHWEST:" cover $9J5 plua 50 mailing each. In soft cover $6.95 plus 50( mailing each. LAWRENCE R. ROM to a nationally known aecurtty anelyal and llnanetol wrltor and ama Director el Raaaarah ataab k La ipa s iwsmvH uses aw wnei smwigi tor a man bar of yaara. Ha to a member at tha Demur Bactoty el Security Anatyate and hoc had 8P yaara expert- - Name Address Ron It author of ttw book, Mbwwtln F NOT SATISFCD, In Low-Rto- k Growth Oimpantoa State CRy - I I Zip RETURN BOOK WfTMNX DAYS FOR A REFUND. oo O O oo o O Q 1 6o NOT INTERESTED? That s Okay, but better keep this ad handy in a few short months you may wish that you had been taking AGN. Join those in the know. Learn ru -- ( "o about gold stocks, exploration, Excalibur Industries Cleared for ISE Listing come. The principal source of income, he said, is derived from advance royalties paid by Iron Co. the Cleaveland-Cliff- s on 70,000 acres in the Powder River Basin of Wyoming. Other interests are silver prospects in Colorado and a joint venture antimony prospect on 1,300 acres in Cal- O "O mining legislation, gold in economy, and Muth said Excalibur has 6 shares of common stock outstanding and some 1,074 stockholders. read expert O comments. O writers and Gold Newspaper: o Since 1933 no A Leading : -J- -j FREE ? : Tour Choice of Two Popular Books O Gold! The Ultimate Hedge or no Gold Panning for Profit" sent with O Subscription. 5 O O Issued Monthly Money refunded $6Per Year if not delighted AMERICAN GOLD NEWS ifornia. million I in hard P.O.BOX 457, DEPT. NE lone. CA. 95640 Gold-Gol- d Gold-Goi- d Gold-Gol- d oo Q 6o Gold I |