Antigua Enterprises Inc.

Antigua Enterprises Inc.

March 08, 2005 11:12 ET

Antigua Enterprises Inc. Announces Financial Results for Year Ended Dec. 31, 2004


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ANTIGUA ENTERPRISES INC.

Pink Sheets SYMBOL: ANTGF
TSX VENTURE SYMBOL: ANE

MARCH 8, 2005 - 11:12 ET

Antigua Enterprises Inc. Announces Financial Results
for Year Ended Dec. 31, 2004

PEORIA, Ariz.--(CCNMatthews - Mar 8, 2005) -

Antigua Enterprises Inc. reports financial results for the year ended
Dec. 31, 2004.

Consolidated Statements of Operations for Years Ended Dec. 31, 2004 &
2003 (in U.S. dollars):



2004 2003
------------ ------------
Sales $44,631,173 $40,339,525
Cost of Sales 27,957,683 25,743,136
------------ ------------
Gross Profit 16,673,490 14,596,389
------------ ------------

Selling Expenses 8,448,400 7,568,277
General and Administrative Expenses 4,415,598 4,440,007
------------ ------------
Operating Expenses 12,863,998 12,008,284
------------ ------------

Income from Operations 3,809,492 2,588,105
------------ ------------

Other Income (Expense):
Interest Expense (1,371,022) (1,620,708)
Other 106,319 84,202
------------ ------------
(1,264,703) (1,536,506)
------------ ------------

Net Income Before Provision for Income Taxes 2,544,789 1,051,599
Provision for Income Taxes (37,000) -
------------ ------------

Net Income $2,507,789 $1,051,599
============ ============

Net Income Per Share $0.06 $0.03
============ ============

Weighted Average
Common Shares Outstanding 41,999,202 33,125,082



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Antigua Enterprises Inc., Peoria
    Gerald K. Whitley, 623-523-6000