NOTE 3 - D i s c o n t i n u e d O
p e r a t i o n s
On April 1, 1999, the Company sold substantially all
of the business and operating assets of its Communicolor promotional direct
mail operation for approximately $97,900 in cash. The transaction resulted
in a gain of $15,670, net of income taxes of $10,568. This business has
been accounted for as a discontinued operation and the operating results
of Communicolor have been excluded from continuing operations and reported
as a separate line on the statement of income for all years presented. Revenues
reclassified to discontinued operations were $16,053 and $97,254 for fiscal
years 1999 and 1998, respectively.
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Notes to
Consolidated Financial Statements
