T.J.T., Inc. Reports Results for Q2 Fiscal 2014

  T.J.T., Inc. Reports Results for Q2 Fiscal 2014

Business Wire

EMMETT, Idaho -- April 23, 2014

T.J.T., Inc. (the Company), (Pink Sheets: AXLE) – T.J.T., Inc., a supplier of
axles, tires, and set-up materials to the manufactured housing industry
announced a net profit of $25,655, or $.01 per diluted share, for the second
quarter of fiscal year 2014. The quarterly results represent an improvement of
$146,925 over the second quarter of the prior year when the Company reported a
net loss of $121,270. Decreases in SG&A expenses combined with an increase in
quarterly net sales, contributed to the improvement in quarterly financial

Net sales in the second quarter increased 47 percent to $1,266,699 compared to
sales of $861,682 during the second quarter of the prior year. Net sales of
axles and tires totaled $849,019, an increase of 158 percent from $329,216 in
axle and tire sales in the second quarter of the prior year. Net sales of
accessories totaled $417,680 which is a 15 percent decrease from $492,575 in
sales of accessories during the second quarter of the prior year. Gross margin
decreased to 29 percent during the second quarter of 2014 compared to 31
percent in the same quarter of 2013.

President and CEO Terry Sheldon commented on the second quarter results by
saying, “We are very pleased to report another profitable quarter for T.J.T.,
Inc. The positive corporate results during the second quarter of this fiscal
year are especially encouraging since historically the quarter can be
challenging due to the seasonal nature of the business. We look forward to
continuing to improve the operational results as we enter the spring and
summer quarters -- historically the best quarters for the Company.”

During the quarter, T.J.T., Inc. relocated the corporate headquarters to
Emmett, Idaho, in order to be in close proximity to the manufacturing and
warehousing operations. The Company has historically been located in Emmett
for most of its corporate existence, and has now transferred the corporate
offices back to the original location.

Established in 1977, T.J.T., Inc. is a major provider of recycled axles and
tires to the manufactured housing industry. It operates recycling facilities
in Idaho and California and serves eight western states. In addition to the
recycling business, T.J.T. also sells aftermarket products to manufactured
housing, recreational vehicle, and residential markets.

This release contains certain forward-looking statements, which are based on
management’s current expectations including, but not limited to, general
economic conditions, changes in interest rates, deposit flows, real estate
values, competition, and changes in legislation or regulations, and other
economic, competitive, governmental, regulatory, and technological factors
affecting the Company’s operations, pricing, products, and services. Any
forward looking statement speaks only as of the date on which the statement is
made, and the Company undertakes no obligation to update any forward looking

Copies of this report and additional historical financial information can be
found at www.otcmarkets.com and www.tjtusa.com, or you may contact:

Paul G. Smith
Chief Financial Officer and Treasurer, T.J.T., Inc.
(208) 472-2500


T.J.T., Inc.
Paul G. Smith, 208-472-2500
Chief Financial Officer and Treasurer
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