Hamilton, BERMUDA (May 28, 1998)- Mr. Donald Lines, Chairman of the Company, advised shareholders attending the Company's Annual General Meeting, held on Wednesday, May 27 at the offices of Millpoint Ltd., Penthouse, 73 Front Street, Hamilton, that earnings for the first quarter of fiscal 1998-1999 stood at $80,000.
This was achieved despite some non-recurring costs with repect to recruitment. Mr Lines also noted that sales are now 5% to 8% higher than a year a ago at this time when the Company had two outlets.