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A D F Services of America, Inc history
A D F Services of America, Inc company history timeline
Founding the Company in 1985
ASA enjoyed a major growth spurt in fiscal 1990, more than doubling revenues over the previous year to $21 million while recording a profit of $411,000.
ASA stock was subsequently listed on the NASDAQ. (In addition, a public offering of convertible subordinated debentures was completed in April 1993, netting an additional $12.9 million.)
The company generated revenues in excess of $65.5 million in 1994 and net income just short of $2 million, a healthy increase over the year before but short of ASA's track record of growing 25 to 35 percent each year.
ASA achieved a measure of diversity in 1995 by starting to do business in the Texas Panhandle and southeastern Alabama.
The company's revenues totaled $186.1 million in 1998, and topped $225 million a year later.
1999: Powerfarm.com is launched. managers.
The venture failed to deliver strong results, however, and in fiscal 2000 the operations were discontinued.
In addition, in 2000 ASA teamed with Agritech Inversora S.A. to form Powerfarm S.A. in order to offer the company's Internet services to South American farmers.
With no arrangement in place by November the company would be unable to finance the 2003 crop season.
© 2022 Alliance Defending Freedom is a registered 501(C)(3) Charity.
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