 |
|
|
NOTE 3 - Discontinued Operations 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 fiscal year 1999. Revenue reclassified to discontinued operations was $16,053 for fiscal year 1999. |
|
     |