ADM Tronics Unlimited, Inc (ADMT)

[schtingi]

ADM Tronics CEO Comments On Record Financial Results 2016-11-21

NORTHVALE, N.J., Nov. 21, 2016 /PRNewswire/ -- Andre' DiMino, CEO of ADM Tronics Unlimited, Inc. (OTCQB: ADMT), a technology-based developer and manufacturer of innovative technologies and products, commented on ADMT's second quarter of fiscal year 2017 financial results reported on November 17,2016 in the Company's quarterly report on Form 10Q available at www.sec.gov.

ADMT CEO Andre' DiMino stated, "Since reconstructing our business model in 2013 we have booked eleven consecutive quarters of increased revenues and profits. Even more gratifying is that for the six months ended 9/30/16 we produced net income of $950,124 or $0.014 earnings per share, approaching the $0.017 earnings per share produced in our entire fiscal year ended 3/31/15. If this trend continues for the balance of this fiscal year, we believe we should produce income of approximately $0.028 per share for the current fiscal year on a fully diluted basis."

DiMino continued, "As we previously reported, certain analysts have begun to take notice of our improved financial performance and position and have advised us that a company, such as ours, should expect a share price of between 18 to 25 times income. If our income trend continues, and their multiple advice is accurate, that could translate into a share price ranging from $0.50 to $0.70 per share."