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Roman Becomes a Turnaround Success
In 2004-2005 Roman averaged $66 million in revenues, but losses each year were $3 million. EBITDA was a $500,000 loss. With MorrisAnderson's restructuring plan in place, on $66 million in sales, Roman's loss was reduced to $500,000 and EBITDA increased to $1.8 million. The initial, conservative projection for 2008 is for revenues of $40 million and EBITDA of $2 million.
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