SPRINGDALE, Ark., March 6, 2014 (GLOBE NEWSWIRE) -- Advanced Environmental Recycling Technologies, Inc. (OTCBB:AERT) announced today that net sales for the year ended December 31, 2013 were $68.8 million, down from $74.6 million for the year ended December 31, 2012. Net sales for the fourth quarter of 2013 were $11.2 million, down $0.3 million from $11.5 million in the fourth quarter of 2012.
The July 17, 2013 fire at the Springdale extrusion facility severely impacted production and thus sales. MoistureShield® sales in the fourth quarter of last year were down from 2012 due to less aggressive incentives under the 2013 Winter Buy program versus the 2012 program. Sales of the ChoiceDek® product line were essentially flat, year over year.
AERT's net loss for 2013 was $1.5 million, or $0.02 per share, as compared to the 2012 net loss of $2.0 million.
Commenting on the results, Tim Morrison, CEO of AERT noted, "The fire and its impact on our team, production, and sales demanded a majority of our team's time, effort, and energy. We remain focused on the safe, efficient operation of our plant. Furthermore, we are excited about the release our new MoistureShield® Pro product."
The Company released its fourth quarter earnings and 2013 Form 10-K on Thursday, March 6, 2014 and will host a conference call and webcast on Friday, March 7, 2014, beginning at 11:30 am (EST), 10:30 am (CST) to discuss the results. Listeners may participate in a question and answer session toward the end of the webcast by calling (877) 561-2747. To listen via internet visit http://aert.com/ir/webcasts.aspx .
About Advanced Environmental Recycling Technologies, Inc.
Since 1989, AERT (OTCBB:AERT) has pioneered the use of recycled polyethylene plastic in the manufacture of composite building materials. With its constantly evolving portfolio of patented and proprietary recycling technologies, AERT has been widely recognized as a leader in resource conservation innovation and received the EPA Award for Environmental Excellence for its process of converting scrap plastic to composite outdoor decking. The company recently received an ESGR Patriot Award for its support of our Guard and Reserve Units in the U. S. Armed Forces. AERT converts reclaimed plastic and wood fiber waste into quality outdoor decking systems, fence systems, and door and window components. The Company is the exclusive manufacturer of ChoiceDek® decking, which is available in multiple colors and is sold in Lowe's Home Improvement stores nationwide. See http://www.choicedek.com/" rel="nofollow">http://www.choicedek.com for more information. AERT's MoistureShield® decking program is expanding and products are now available throughout the U.S. See http://www.moistureshield.com/" rel="nofollow">http://www.moistureshield.com for product information or to find a regional distributor or dealer. AERT operates manufacturing facilities in Springdale and Lowell, Arkansas and recently commenced operations at its Green Age recycling facility in Watts, Oklahoma. Investors can access real-time stock quotes and information at http://www.otcmarkets.com. For more information on the Company, visit http://www.aertinc.com/" rel="nofollow">http://www.aertinc.com. Sign up to receive investor information, including press releases, via email by visiting http://aert.com/ir/PressReleaseOptIn.aspx.
Certain statements in this news release regarding projected results of operations, or, projected results of financial plans or future strategies and initiatives, including, but not limited to, projections of revenue, projections of profitability, any and all future expectation, and plans for future activities may and should be regarded as ``forward-looking statements'' within the meaning of the Securities Litigation Reform Act. These statements involve, among other things, known and unknown risks, uncertainties and other factors that may cause AERT, Inc.'s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. AERT currently is considering, but may or may not in the future implement any or all of the items and issues listed in any planned budget or strategic initiative, due to, among other things, known and unknown risks, uncertainties and other factors.
AERT, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, change in strategy, or otherwise. The above-mentioned listing of risks and uncertainties is not inclusive. For a more detailed discussion of some, but not all, of the risks and uncertainties that may affect AERT, Inc., see AERT, Inc.'s filing with the Securities and Exchange Commission, including its Annual Report on Form 10-K, for the fiscal year ended December 31, 2013.
For AERT Sarah Pore 479-203-5084 www.aertinc.com/ir
Advanced Environmental Recycling Technologies, Inc.
Springdale, Arkansas, UNITED STATES
For AERT Sarah Pore 479-203-5084 www.aertinc.com/ir
Day's Range: 0.00-0.00
Previous Close: 0.12
Market Cap: 10.31M
Day's Volume: 0