ARCHIVED  August 1, 1996

News: HS Resources Inc.

HS Resources Inc.

NYSE – HSE

San Francisco-based HS Resources Inc. posted revenues of $14.2 million during the first quarter, down from the $15.8 million reported during the

first quarter of 1995.

HS Resources recently purchased a collection of oil-and-gas assets in Weld County. The company owns about 800 potential infill sites in the

Wattenberg Field of Weld County.

FirstBank Holding Co.

FirstBank Holding Co. of Lakewood reported net income of $21.9 million for the first six months of 1996, up 37 percent from a year ago. Earnings

per share jumped 33 percent, to $130.92.

FirstBank of Northern Colorado at Harmony Road and Lemay Avenue in Fort Collins reported assets of $61.6 million June 30. FirstBank has another
office in Fort Collins, two locations in Loveland and one location in Greeley.

Electronic Fab Technology Corp.

NASDAQ – EFTC

Greeley-based Electronic Fab reported sales of $15.9 million for the second quarter, up 29.3 percent from $12.3 million reported for the same period
a year ago.

The company posted a net loss of $129,160, down 143.3 percent from net income of $299,738 during the second quarter of 1995. Electronic Fab,
which provides manufacturing services to original equipment manufacturers, reported total assets of $28 million as of June 30.

Advanced Energy Industries Inc.

NASDAQ – AEIS

Fort Collins-based Advanced Energy reported record revenues of $29.8 million for the quarter ended June 30, up 19.6 percent from $24.9 million
reported for the same period a year ago. Net income dropped to $2.7 million from $4.5 million in the year-ago quarter.

The revenue number reflects the seventh-consecutive quarter of record revenues for the company, which manufactures power-conversion devices for
the semiconductor, compact-disk and other data-storage markets.

ConAgra Inc.

NYSE – CAG

Omaha, Neb.-based ConAgra reported sales of $24.8 billion for the fiscal year ended May 26, compared with $24.1 billion the previous year. The
company posted net income of $188.9 million, vs. $495.6 million the previous year.

Eastman Kodak Co.

NYSE – EK

Eastman Kodak, based in Rochester, N.Y., reported net income of $440 million during the second quarter, up 17 percent from $377 million reported
for the same period a year ago. Sales totaled $4.12 billion, vs. $3.94 billion in the year-ago quarter.

Avert Inc.

NASDAQ – AVRT

Fort Collins-based Avert reported record revenues of $1.97 million for the second quarter, up 34 percent from the $1.46 million during the same
period a year ago. Net income reached a record $272,100, up 22 percent from $223,700 during the year-ago quarter.

Avert is an information-systems company that provides employment-background checks to employers nationwide.

Teledyne Inc.

NYSE – TDY

Teledyne posted a 22 percent increase in income during the second quarter, reaching $39.9 million from $32.6 million during the same period the
previous year.

HS Resources Inc.

NYSE – HSE

San Francisco-based HS Resources Inc. posted revenues of $14.2 million during the first quarter, down from the $15.8 million reported during the

first quarter of 1995.

HS Resources recently purchased a collection of oil-and-gas assets in Weld County. The company owns about 800 potential infill sites in the

Wattenberg Field of Weld County.

FirstBank Holding Co.

FirstBank Holding Co. of Lakewood reported net income of $21.9 million for the first six months of 1996, up 37 percent from a year ago. Earnings

per share jumped 33 percent, to $130.92.

FirstBank of Northern Colorado at Harmony Road and Lemay…

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