Coal

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National Coal Corp. Provides Earnings Guidance for Fiscal 2004 and 2005
Tuesday November 9, 10:35 am ET

http://biz.yahoo.com/bw/041109/95698_1.html

KNOXVILLE, Tenn.--(BUSINESS WIRE)--Nov. 9, 2004--National Coal Corp. (OTCBB: NLCP - News), a coal producer operating in Eastern Tennessee, today provided guidance for the second half of Fiscal 2004, the first half of Fiscal 2005, and for full Fiscal 2005.
Forward-Looking Guidance for Fiscal Year 2004

For the third quarter of Fiscal Year 2004, which ended September 30, 2004, National Coal will report the following:
Revenue of $4.4 million, based on approximately 93,000 tons of coal sold during the quarter at an average price of $48 per ton; and
EBITDA, a non-GAAP financial measure that reflects net income (loss) excluding interest income/expense, taxes, depreciation, depletion and accretion, and amortization expense, of $(1.6 million).
For the fourth quarter of Fiscal Year 2004, which ends December 31, 2004, National Coal is projecting the following:
Revenue is estimated to be approximately $9.4 million, based on approximately 200,000 tons of coal sold during the quarter at an average price of approximately $47 per ton; and
EBITDA is estimated to be approximately $1.8 million.
For the full Fiscal Year 2004, National Coal is projecting the following:
Revenue is estimated to be approximately $19.4 million, based on approximately 430,000 tons of coal sold during the fiscal year at an average price of approximately $45 per ton; and
EBITDA is estimated to be approximately $(945,000).
Forward-Looking Guidance for Fiscal Year 2005

For the first quarter of Fiscal Year 2005, which ends March 31, 2005, National Coal is projecting the following:
Revenue is estimated to be approximately $17.2 million, based on approximately 330,000 tons of coal sold during the quarter at an average price of approximately $52 per ton; and
EBITDA is estimated to be approximately $4.7 million.
For the second quarter of Fiscal Year 2005, which ends June 30, 2005, National Coal is projecting the following:
Revenue is estimated to be approximately $22.4 million, based on approximately 430,000 tons of coal sold during the quarter at an average price of approximately $52 per ton; and
EBITDA is estimated to be approximately $6.4 million.
For the full Fiscal Year 2005, National Coal is projecting the following:
Revenue is estimated to be approximately $93.6 million, based on approximately 1.8 million tons of coal sold during the quarter at an average price of approximately $52 per ton; and
EBITDA of approximately $27.6 million.
About National Coal Corp.

National Coal Corp., through its wholly-owned subsidiary, National Coal Corporation, owns coal mineral rights on approximately 70,000 acres in Eastern Tennessee. National Coal's website can be found at www.nationalcoal.com.