Upturn for American Solutions for Business
This past December, American Solutions for Business, Glenwood, Minn., experienced its largest billing month in 23 years. Compared to the same fiscal period in 2003, the employee-owned company witnessed an increase in revenue of close to 18 percent.
In addition, year-to-date net earnings for a six-month period ending in December 2003 were up 114 percent compared to the same period in 2002.
"This type of performance will have a significant impact on our ESOP (Employee Stock Ownership Plan) share price," said Craig McLain, CEO. "We look for great things at year-end if we can keep the momentum through June."