Monday, September 02, 2019 1:07:24 PM
"This is a strong launch for the Aureus/Yuengling alliance," said Everett Dickson, CEO of Aureus. "For the period ending April 30, 2019, the company reported earnings of $156,529 and total assets of $2,006,015. We are quite gratified to be able to post these initial figures for Aureus and our Yuengling's Ice Cream subsidiary. If certain details completing the acquisition had not taken longer than anticipated, we would have attempted to launch at a time other than the winter and spring months, which are traditionally the slower months in this space. Nonetheless, it's a marked indicator of the kind of regional brand loyalty that Yuengling's Ice Cream enjoys, that we can post these kinds of results during what is normally the less active ice cream sales season."
"It also bears pointing out," continued Dickson, "that analysts who have read our second quarter financial statement are immediately struck by how small the size of our market cap is at around $600,000. Several commentators confessed that they thought they had misread the figures at first, the number seemed so low. One commentator called Aureus: 'an undercover price-to-sales ratio gem.'"
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