PDGEnvironmental Announces First Quarter Profit

Date: June 5, 2003

Source: News Room

PDGEnvironmental, Inc. (OCT BB: PDGE) has announced first quarter profits of $0.02 per share on revenues of $8.4 million. For the quarter ending April 30, 2003, the company's net after-tax profit was $227,000. In the same period last year, the firm reported a loss of $227,000, or $0.02 per share, on revenues of $10.9 million. The company has won significant contract awards in both asbestos and mold remediation, and its backlog stands at $29.0 million. Company officials noted that the drop in revenue for the first quarter over the same prior period stemmed principally from the sale of PDGEnvironmental's St. Louis operations in July 2002 and from a large asbestos abatement project in New York.
More information: www.pdge.com.

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