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Article: Palm Desert Art Announces Dramatic Increase in Annual Revenues.
- Article from:
- Business Wire
- Article date:
- August 19, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PALM DESERT, Calif.--(BUSINESS WIRE)--Aug. 19, 1999--
Palm Desert Art, Inc. (OTCBB: PDAP) announced that gross revenues increased to $2,087,636 for the fiscal year ended April 30, 1999, a 140% increase over gross revenues for fiscal 1998. Gross profit as a percentage of sales for the 1999 fiscal year was up substantially as well, reaching 73% for the year as compared to the 62% for the 1998 fiscal year. "Revenues for fiscal 1999 reflect our first full fiscal year," explained Hugh G. Pike, the Company's President, "and show what we can do as we open more galleries and display more art."
Mr. Pike also noted that operating expenses for the year increased ...
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Article: Palm Desert Art's Artist, Bruce Helander, ...
Business Wire;
August 24, 1999 ;
539 words
...PALM DESERT, Calif.--(BUSINESS WIRE)--August 24, 1999-- American Artist, Bruce Helander will be honored ... Helander is currently the Executive Gallery Director at Gallery 5 in Palm Beach, Florida; a division of Palm Desert Art, Inc.
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