Bonal International, Inc. Posts First Quarter Results
July 31 2009 - 2:52PM
PR Newswire (US)
Bonal continues international growth with first time sales in
Croatia and India ROYAL OAK, Mich., July 31 /PRNewswire-FirstCall/
-- Bonal International, Inc. (OTC:BONL) today announced first
quarter ending June 30, 2009 unaudited results. Bonal's sales
decreased 42 percent from $601,951 to $351,827. "Because of the
U.S. economy, contraction was anticipated and the losses were
minimized by cost control measures implemented in late fiscal year
2009," said A. George Hebel, III, chairman and president of Bonal
International. Bonal Technologies' rental income increased
marginally, demonstrating that small businesses are still
interested in Bonal's technology but hesitant about making capital
equipment purchases because of nervousness about the US economy. In
the first quarter, Bonal continued its international growth with
first time sales in Croatia and India. Sales in Michigan accounted
for 20 percent of sales. Bonal also sold Black Magic for distortion
control to the University of Minnesota to be used on high precision
prototype parts. 1st Quarter ending June 30, 2009
-------------------------------- 2009 2008 Revenue $351,827
$601,951 Net income ($40,852) $63,336 Earnings per share ($0.02)
$0.04 As the world's leading provider of sub-harmonic vibration
technology for metal improvement solutions, Bonal's goal is to help
companies keep environmentally friendly and competitive by reducing
operating and energy costs. Bonal's technology helps a variety of
industries including aerospace, armament, automotive, construction
equipment, defense/homeland security, die casting, engine building,
foundries, gunsmithing, machine tool, mining, mold making,
petroleum, power, racing, shipbuilding, structural steel
construction, steel producers and welding/ fabricating. Bonal's
technology helps manufacturers reduce energy usage, reduce trips to
the heat treater for stress relieving and reduce work piece
replacement since parts have a longer service life (up to 400%).
Bonal International, Inc. through its wholly owned subsidiary,
Bonal Technologies, Inc., is the world's leading provider of
sub-harmonic technology for metal improvement solutions with more
than 35 years of expertise. Bonal's patented technology is an
environmentally friendly, "green technology" that replaces some
heat treating processes and reduces energy consumption by 98
percent. Bonal's patented technology and its three product lines:
Meta-Lax Stress Relief, Pulse Puddle Arc Welding (PPAW ) and Black
Magic for distortion control, are sold in the US and in more than
50 countries. Headquartered in Royal Oak, Mich., Bonal provides a
variety of services including consulting, training, program design
and metal stress relief services for customers. More information on
Bonal can be found at http://www.bonal.com/ or by calling
800-Metal-29. DATASOURCE: Bonal International, Inc. CONTACT: Media,
Janine M. Krasicky of J9 Media Solutions LLC, +1-248-542-3991, or
+1-248-514-4558 (mobile), for Bonal International, Inc. Web Site:
http://www.bonal.com/
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