Bolder Technologies Announces First-Quarter Financial Results

May 07, 2000 by Jeff Shepard

Bolder Technologies Corp. (Golden, CO) has announced their net revenues of $254,797 for the first quarter, ending March 31, 2000. This figure showed an increase from 1999's results of $81,444. According to Bolder, much of the increase is attributed to the marketing of the SecureStart Portable Jump Starter and the commercialization of Thin-Metal Film technology. Net loss for the quarter was $5.6 million, or $0.38 per share, versus a loss of $3.8 million, or $0.39 per share, last year.

"We made significant strides during the quarter to market our SecureStart Portable Jump Starter to the retail consumer," said Chairman, President and CEO Roger F. Warren. "The product was first launched in the fourth quarter of 1999 and is now available in approximately 4,100 outlets in North America, including the majority of Target stores; Sears Malls; Sears Dealers; Sears Hardware stores; G.I. Joe Auto and Sporting Goods; the Tool Stores in Michigan; and Home Hardware, the largest hardware chain in Canada. As the year progresses, we expect to continue to grow the SecureStart product distribution base to the point where our new product will be available to most US and Canadian consumers by this fall."