BORDER-BOTTOM:1pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:1pt;
PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM;
BORDER-TOP:1pt; BORDER-RIGHT:1pt
BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; BORDER-LEFT:1pt;
PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM;
BORDER-TOP:1pt; BORDER-RIGHT:1pt
BORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em;
PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt;
BORDER-RIGHT:1pt
BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse;
BORDER-TOP: 1pt; BORDER-RIGHT: 1pt
ROYAL OAK, Mich., Aug. 5, 2013 /PRNewswire/ -- Bonal
International, Inc. (OTC: BONL) announced first quarter revenue
results of $519,077 up 23 percent
from last year's $422,605. Net
income was $54,544 an increase of 52
percent compared to $35,956 last
year. Earnings per share increased accordingly to
$0.03 compared to $0.02 last year.
"This is a nice start to the new fiscal year," said A. George Hebel, Chairman of Bonal
International, Inc. "We continue to see an increase in companies
who are contacting us for the first time to take advantage of the
benefits the Meta-Lax® technology provides."
During the quarter new customer sales accounted for 61 percent
of sales by volume. Total unit sales were up 29 percent over last
year's first quarter.
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|
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First Quarter Ending June
30
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|
|
|
2013
|
2012
|
Revenue
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$519,077
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$422,605
|
Net Income
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$54,544
|
$35,956
|
Earnings Per Share
|
$0.03
|
$0.02
|
Note: This table contains unaudited
results.
|
|
Bonal International Inc., through its wholly owned subsidiary,
Bonal Technologies, Inc. is the world's leading provider of
sub-harmonic vibratory stress relief and weld conditioning
technology. Bonal provides three lines of equipment
Meta-Lax® Stress Relief and Weld Conditioning, Pulse
Puddle Arc Welding®, and Black Magic®
Distortion Control, which are sold in the
United States and more than 54 countries worldwide.
Headquartered in Royal Oak, Mich.,
Bonal serves the aerospace, armament, automotive, petroleum, die
casting, mining, racing, machine tool building, mold making, ship
building, and welding industries. Bonal's
Meta-Lax® technology is used for eliminating thermal
stress in metal parts, thereby preventing warping and cracking, at
a fraction of the time, energy, and monetary costs of competing
technologies. More information can be found at www.bonal.com
or by calling 1-800-Metal-29.
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Contact:
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A. George Hebel
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Toll Free:
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800.638.2529
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International:
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248.582.0900
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Email:
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info@Bonal.com
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SOURCE Bonal International, Inc.