Alternate Marketing Networks Sets Annual Meeting Date And Reports on 2006 Financial Results
March 07 2007 - 4:30PM
PR Newswire (US)
HUDSONVILLE, Mich., March 7 /PRNewswire-FirstCall/ -- Alternate
Marketing Networks, Inc. (Pink Sheets: ALTM) has scheduled its
annual meeting for June 6, 2007 at its Schaumburg office located at
428 E. State Parkway, Schaumburg, Illinois 60173. The Company
reported a net profit of $1,701,255 on gross sales of $31,952,054
for its fiscal year ending December 31, 2006. The unaudited
financial statements were prepared and presented by management.
Alternate Marketing Networks became a non-reporting company
pursuant to a Form 15 filed with the Securities and Exchange
Commission effective January 2, 2004 and does not currently plan to
produce audited financial statements or an annual report to the
shareholders or to solicit proxies for the meeting. The Company
currently has 8,029,906 shares issued and outstanding. The
Company's sole operating subsidiary, National Home Delivery, Inc.,
through its three divisions U.S. Suburban Press (USSPI), Custom
Media Solutions (CMS) and Specialty Media Solutions (SMS), provides
newspaper solutions to national advertisers in the United States.
Alternate Marketing Networks, Inc., and Subsidiary Selected
Financial Data (in thousands) Twelve months ended December 31,
(unaudited) 2006 2005 Net Sales $31,952 $27,897 Income from
operations $1,715 $706 Extraordinary items $0 $(5) Net income
$1,701 $728 Weighted average shares 8,029,906 8,279,219 Basic
earnings per share $0.21 $0.09 DATASOURCE: Alternate Marketing
Networks, Inc. CONTACT: Phil Miller, Chairman and CEO of Alternate
Marketing Networks, Inc., +1-616-662-6420, ext. 12, Web site:
http://www.altmarknet.com/
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