AMPAM Announces Board Changes, 1Q Revenues
In other news, first-quarter 2003 revenues from AMPAM’s ongoing operations increased $9.5 million from 2002’s first quarter to a total of $137.1 million. Income rose from a loss of $34 million in 2002 to a net income of $0.8 million for 2003’s first quarter. The company in August 2002 decided to shut down commercial operations in Sacramento, Calif., and Pensacola, Fla. The shutdown was to be completed by June 30. These operations collectively incurred net losses of $1.2 million for 2003’s first quarter.