wsj_0167.xml
WSJ891102-0023
WSJ891102-0023
=
891102
=
891102
891102-0023
.
891102-0023
.
Business
Brief
--
RMS
International
Inc.
:
@
Financing
Sources
,
Waivers
@
On
Debt
Are
Being
Sought
Business
Brief
--
RMS
International
Inc.
:
@
Financing
Sources
,
Waivers
@
On
Debt
Are
Being
Sought
11/02/89
11/02/89
11/02/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
RMS
RMS
EARNINGS
(
ERN
)
EARNINGS
(
ERN
)
RMS
International
Inc.
,
Hasbrouk
Heights
,
N.J.
,
facing
a
cash-flow
squeeze
,
said
it
is
seeking
other
financing
sources
and
waivers
from
debenture
holders
.
The
company
said
that
because
of
softening
sales
it
is
n't
in
compliance
with
requirements
that
it
maintain
$
3
million
in
working
capital
.
RMS
distributes
electronic
devices
and
produces
power
supplies
and
plastic
literature
displays
.
RMS
said
it
had
a
loss
of
$
158,666
,
or
10
cents
a
share
,
in
the
third
quarter
,
compared
with
a
year-earlier
loss
of
$
26,956
,
or
two
cents
a
share
.
Sales
rose
to
$
3
million
from
$
2.9
million
.
For
the
nine
months
,
the
company
reported
a
net
loss
of
$
608,413
,
or
39
cents
a
share
,
compared
with
year-earlier
net
income
of
$
967,809
,
or
62
cents
a
share
.
Sales
rose
to
$
9.8
million
from
$
8.9
million
.