Alpine Group Inc (OTC:APNI)

WEB NEWS

Wednesday, May 15, 2013

Comments & Business Outlook

First Quarter 2013 Results

  • For the first quarter 2013 revenues decreased by $0.7 million from $41.1 to $40.4 million due primarily to a comparative decrease in its Posterloid subsidiary's revenue.
  • Net income for the first quarter of 2013 was $0.6 million vs a loss of $0.4 million in prior year period.

Steven S. Elbaum, Alpine's Chairman and Chief Executive Officer, stated that, "Alpine recently filed its Certificate of Dissolution with the state of Delaware consistent with its approved Plan of Liquidation. Relevant disclosures will be made as the Plan is implemented."



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