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ACE/Security Laminates Corporation Announces its Second Quarter Results.

Publication: Business Wire
Publication Date: 01-JUN-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
OTTAWA -- ACE/Security Laminates(TM) Corporation (the "Corporation" or "ACE") (TSX VENTURE:ASL) has announced its results for its second quarter ended March 31, 2005.

Total revenues recorded for the three month period ended March 31, 2005 amounted to $1,839,909 compared to $638,575 for the same period in 2004, an increase in excess of 180%. Furthermore, sales in the current quarter have increased by 41% over the previous quarter. The gross profit margin for the three month period ending March 31, 2005 was 36% versus 55% for the same period in 2004.Reduced margins are a company strategy to increase market share at the expense of gross margin. ACE management does not believe that this strategy would be sustained in the long term.ACE's operating expenses for the three month...



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