HOUSTON--(BUSINESS WIRE)--Aug. 22, 2006--Eternal Technologies Group, Inc. (OTCBB:ETLT) reported net income of $1,658,700 on sales of $10,370,137 for the three months ended June 30, 2006 or $.04 per share. This compares with net income of $1,875,575 on sales of $10,123,668 for the three months ended June 30, 2005 or $.06 per share. For the six months ended June 30, 2006 the company earned $2,199,499 on sales of $14,586,496 or $.05 per share. This compares with earnings of $1,829,860 on sales of $12,232,415 or $.06 per share for the six months ended June 30, 2005. Total assets for the company as of June 30, 2006 increased to $52,665,700 from $49,592,744 as of December 31, 2005 and shareholders equity increased to $50,909,618 as of June 30, 2006 from $47,639,463 as of December 31, 2005.
