Antigua Enterprises Inc.
TSX VENTURE : ANE
Pink Sheets : ANTGF

Antigua Enterprises Inc.

June 03, 2005 19:30 ET

Antigua Enterprises Inc. Announces Financial Results for the Three Months Ended March 31, 2005 and Elects New Auditors

PEORIA, Ariz.--(CCNMatthews - Jun 3, 2005) -

Antigua Enterprises Inc. reports financial results for the three months ended March 31, 2005.

Consolidated Statement of Operations for Three Months Ended March 31, 2005 & 2004 (in U.S. Dollars):



2005 2004
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Sales $9,409,845 $8,829,870
Cost of Sales 5,923,912 5,640,550
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Gross Profit 3,485,933 3,189,320
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Selling Expenses 1,902,348 1,786,231
General and Administrative Expenses 1,067,931 1,047,521
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Operating Expenses 2,970,279 2,833,752
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Income from Operations 515,654 355,568
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Other Income (Expense):
Interest Expense (312,360) (342,477)
Other 18,564 23,778
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293,796 (318,699)
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Income Before Income Taxes 221,858 36,869

Provision for Income Taxes (33,280) -
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Net Income $188,578 $36,869
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Net Income Per Share $- $-
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Weighted Average
Common Shares Outstanding 41,999,202 41,999,202



At the annual shareholder meeting held on May 26, 2005, management presented a proposal to reappoint Mayer Hoffman McCann P.C. as auditors. This proposal was not accepted. The shareholders elected Grant Thorton as auditors for the company.

Contact Information

  • Antigua Enterprises Inc., Peoria
    Gerald K. Whitley, 623-523-6000