Advanced Materials Group, (ADMG.PK)

Advanced Materials Group, Inc. develops, manufactures, and markets various products from a raw material base of flexible components. It converts specialty materials, including foams, foils, fabrics, non-woven paper products, needle felts, films, and adhesive composites into components and finished products. The company offers non-skid surgical instrument pads and applicators for medical use; soap impregnated surgical prep kit sponges; protective units for arthroscopic and orthopedic instruments; printer cartridge inserts and inking felts; automobile insulators; and water and dust seals. It also manufactures private label products for medical accounts, including electrosurgical grounding pads, sponges, neck braces, knee pads, and other specialty products. In addition, Advanced Materials Group markets and sells Nundies, a one-time use product for women. It serves customers in medical, technology, aerospace, automotive, and consumer markets in the United States, Asia, South America, and the Middle East, Canada, and Mexico. The company, formerly known as Far West Ventures, Inc., was founded in 1986. Advanced Materials Group is headquartered in Dallas, Texas.

For the nine months ended 31 August 2006, Advanced Materials Group, Inc.'s revenues increased 21% to $7.2M. Net income totaled $466K vs. a loss of $242K. Revenues reflect increased sales from Singapore strategic manufacturing venture and higher sales from U.S operations due to higher selling prices & increased volumes. Net income reflects increased gross margin, lower depreciation & amortization charges and decreased interest expenses.