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Show The National Enterprise, Page ten record revenues and earnings posted by Laboratories during the past fiscal year are continuing into the current year. Intermountain Laboratories executive vice president William L. Beers told stockholders in announcing the Inter-mounta- in companys first quarter results at the annual meeting in Salt Lake City last week. For the quarter ended April 30, 1977, Intermountain Lab- oratories had operating revenues of $616,549, a 32 percent increase over revenues of $468,321 for the same period a year ago. Operating income of $104,695 for the period was 154 percent higher than the operating income of $41,143 for the first quarter last year. Net income for the first quar- home builders in coal country Patent Office granted a patent last week on the preparation. Intermountain Additionally, Labs plans to break ground this year on a contract research facility to be built on the company's property in IL vice president Draper. William Beers said the facility will be used to test, under contract, manufacturered products to ensure they are safe and non toxic in compliance with recently passed federal legislation. holders. The U.S. Home builders in Price, Utah have difficulty enough meeting the demand of middle and high income families. They dont seem interested in con- structing homes for the citys elderly, even though the aged comprise 30 percent of the city's population. That was the reasoning in the minds of members of the Price Housing Authority who re cently formed a non-prof- it corporation, Coal Country Housing & Development, Inc., to build shelter for low-inco- elderly and disabled Price residents. Headed by Toy Atwood president, the corporation has acquired a $150,000 grant from Housing and Urban Development to construct 50 du- and plexes single-famil- y dwellings on four acres it purchasedfor$48.000 in east- - ern Price. Atwood added the firm has an option to buy eight adjacent acres and has received word from HUD that financing for 26 additional single-famil- y dwellings is available. said architects and contractors for the project have not been chosen and construction is still six months Atwood aw7ay. He also reported the pharmaceutical packaging firm which Intermountain Labs jointly established last year is now doing packaging for Pharmics. the other partner in the venture, and for several other small companies. ter this fiscal year was $64,488, equivalent to 8 cents per share, compared to net income of $37,757, equivalent to 5 cents per share, for last years first quarter, a 71 After-ta- x percent increase. income as a percentage of sales rose to 10 percent for the 1977 first quarter compared to 8 percent for the 1976 first quarter, an increase of 25 percent. Stockholder's equity increased to $905,540 for this years first quarter, compared to $735,014 for last years like period. The companys board of directors is still undecided about whether to develop its cattle eye cancer preparation on its own or license another com- pany to develop, produce and market it, president Homer Ellsworth, M.D., told share New Products investigates New Products Corporation has signed a contract with a BYU chemical engineer for further investigation of its proprietary invention, a low cost catalytic converter for the treatment of New automotive exhausts. Total Recreation for $50 Per Month? Yes, for less than the yearly interest on one small boat, you can have access to 13 planes, four boats, Our snowmobiles, a motorhome, and more. multi-us- e recreational program offers all this for a membership fee of $250.00 and a minimum equipment rental fee of $50.00 per month. Special company rates are also available. . Products president John B. Tenney said the study will move the project into its final stages of inquiry. We are seeking confirmation of earlier tests, Tenney said, e staff schedules And we handle it all. Our of all our equipment. the use of and maintains full-tim- which showed that the catalytic converter would, under certain conditions, produce oxygen while reducing concentrations of carbon monoxide and carbon dioxide." Call or write us for more information. RECRE-AIR-IN- KEEPS C 220 N. 2200 West 801532-194- 0 Gilsonite Perma-Se-al ASPmiT ALIVE Seals - Preserves - Beautifies Asphalt Pavement. Most economical method of maintenance. Most asphalt pavement failure is caused from deterioration. When pavement is unsealed or improperly sealed the surface scales off and the pavement becomes brittle - subject to cracking and potholes. Gilsonite seals in oils preventing oxidation and brittleness. No other material seals asphalt pavement as effectively, permanently and economically as Gil- sonite Perma-Sea- 15, 1977 Group will fill void left by private Intermountain Labs earnings remain strong The June applied to asphalt in top of picture No deterioration. Untreated section shows deterioration. Raveled aggregate leads to water damage and cracking. Perma-Sea- l three years ago. l. GILSONITE PRODUCTS INC 2388 West 1500 South u Salt Lake City, Utah 972-275- 7 3 |