|Aerocast Announces $2 Million Year-End Revenues|
July 29, 2010: Aerocast Inc. (CNSX: A; Frankfurt Stock Exchange: 0AE; www.aerocastinc.com) announces that it has SEDAR filed its audited financial statements and related management’s discussion and analysis for the fiscal year ended March 31, 2010, which state that the company realized revenues of $ 2,186,462 for the year ended March 31, 2010, up 52% from revenues of $1,437,777 for the previous year. The company’s gross margins for the year before foundry expenses and G&A expenses totaled $634,504, compared to gross margins of $488,235 for the previous year.
About Aerocast Inc.
Aerocast operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Customers include Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. Aerocast is experiencing high demand for its products and has limited competition.
For more information, contact:
Raynard von Hahn, LLB
Chief Executive Officer
Tel. (480) 830-0848 ext. 108
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