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Show u a monday, lf May1,1978i Intermountain Lab posts higher sales VE VASH VINPOWS" 66 Intermountain Laboratories, Inc. recorded a 26 percent increase in operating revenues and a 36 percent increase in operating income for the fiscal year ended Jan. 31, 1978, according to chairman Homer S. Ellsworth. Revenues for the year rose to $2,529,899, compared to $2,008,571 in 1977. Operating income for the year was $268,176 compared to 1977s $197,815. Net income for the year, however, rose only five percent to $151,280, or 19 cents per share, compared to $143,801 or 18 cents a share in 1977. Ellsworth cited four reasons for the small increase in net income: startup and first year expenses for the companys new pharmaceutical packaging joint venture, the implementation of a new employee incentive plan, a tax loss carryforward for fiscal 1977 applied against that years tax liability, and a gain from the sale of property in 1977. HOW inspections okay with FHA, waiver granted The Federal Housing Administration has waived first and intermediate inspections on homes enrolled in the Home Owners Warranty program, according to HOW president Jerry K. 10-ye- ar Boone. Boone said the FHA waiver will speed up construction by substituting HOW required inspections for the FHA site inspections. The FHA is the third government agency to recognize HOWs effectiveness TRY OUR QUICKIE VACATION $32 per night, double occupancy. in consumer protection and industry self regulation, said Boone. The VA began accepting HOW built homes without preliminary plans approvals or inspections to the trim up stage in July of last year. As well, the Federal Trade Commission permitted HOW its conciliation process under the Magnuson-Mos- s Act in May, 1977, he continued. Boone said HOW has an 84 percent success record in settling disputes between home-buyeand builders. HOW was established on-si- te rs four years ago by the National Association of Home Builders as a buyer protection plan. Participating builders offer their buyers a one-yewarranty on the workmanship and materials, a two-yewarranty against major structural defects and certain defects in the homes systems, and eight years insurance protection structural defects. Builders participating in Utah now number 150. Over 3000 homes in the state are registered with HOW, Boone ar ar nst said. Seminar slated A seminar strategically styled to stimulate your will be held at the Hilton Hotel on May 20. The seminar, which will cost participants $75, is sponsored by the American Production & self-realizati- Inventory Control Society (APICS). The featured speaker is Dr. Jerry Novak, currently associate professor of vocational education in the Business Administration at Weber State College. Excellent Investment Project Get away from it all without going away! You can, with a little help from Howard Johnsons. Through May, were offering a weekend Quickie Vacation for $32 per night, double occupancy. And that includes $10 in scrip money for our newly remodeled lounge and restaurant. So get away! Treat yourself to a Quickie Vacation this weekend. At Howard Johnson s, of course! Good Friday and Saturday nights only through May. Telephone (801 521 -- 0130 for information. Escape! To Howard Johnson's. West South Temple Salt take City, Utah 84101 122 Venture capital needed, $50,000 minimum Details by inquiry only. tyeA fcjffV St'ccrJonc (owiosawi, on KlSSr 8311 Ci,y' Ulah 84110 |