Message #2 From:
NewsBot Date: April 18, 2005 08:31:15 PM
UAMY United States Antimony Reported Record Fourth Quarter Results in 2004
United States Antimony Reported Record Fourth Quarter Results in 2004
THOMPSON FALLS, Mont.
United States Antimony Corporation, Thompson Falls
Mike Floersch or John Lawrence, 406-827-3523
Fax: 406-827-3543
E-Mail: tfl3543@blackfoot.net
United States Antimony (OTCBB:UAMY) reported audited financial results for the fourth quarter of 2004 with a net profit of $233,632. The profit included $80,638 from antimony and zeolite operations and $152,994 from the negotiation of one bill and the writing down of a judgment lien that exceeded the statute of limitations.
U.S. Antimony reduced its liabilities by $569,482 during 2004. The Company had a net loss of $93,164 during 2004 compared to a net loss of $798,643 in 2003. The net loss in 2004 included $112,324 of depreciation expenses and $45,115 for the reclamation of mining properties.
First quarter 2005 BRZ zeolite sales were a record for any first quarter. March sales also hit a record for any one-month sales of 1,865 tons.
During 2004 and the first quarter of 2005, major capital expenditures were made at the BRZ Division for plant expansion as well as product and sales development. As a result, BRZ has increased its production capacity by at least 400%. The increased capacity is expected to decrease costs. The Company is broadening its distribution network, further penetrating the U.S. market while also shipping to new markets in Canada, Asia, South America, and Europe.
"We will continue looking for new opportunities to increase the value of the Company," said John Lawrence, its president and CEO.
Forward-Looking Statements:
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations, pending contracts and future revenues. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent filings, including Form 10-KSB with the Securities and Exchange Commission.
