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Tidel sets quarterly shipment record
HOUSTON -- Tidel Technologies, Inc. shipped 3,055 ATMs during the three-month period ended March 31, 2000 -- a 102 percent increase from the 1,511 units shipped in the same quarter of 1999 and a 38 percent increase from the 2,213 units shipped in the previous quarter ended Dec. 31, 1999. For the first six months of fiscal 2000, the company shipped 5,268 units, a 121 percent increase from the 2,382 units shipped in the same period a year ago. James T. Rash, Tidel chairman and CEO, said the increased shipments should result in higher-than-predicted sales and earnings for the quarter. Tidel plans to release full financial results on or about April 19. Rash said, "Upon satisfying all of the criteria in March, the company filed an application to move the listing of its shares from the Nasdaq Small- Cap to the Nasdaq National Market System. The move is subject to the final approval of Nasdaq."
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