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researcher59

04/29/05 10:17 PM

#10431 RE: tmcal6 #10426

tmcal6: IPII

Q1 results from other building suppliers have certainly been encouraging, especially in the Southeast, however the efficiency improvements for IPII will not take effect until Q2 according to their PR .... hopefully the project costs will be fully capitalized rather than expensed ...

Mr. Ponce also stated: "The Company is nearing completion of a major capital improvement project to expand and enhance the production capabilities of its Winter Springs (greater Orlando area), Florida manufacturing facility. We anticipate this facility will be fully operational with its upgrades in the second quarter of 2005 and will create improved operating efficiencies and increase capacity for future profitable growth."