USAB - USABancShares.com Message Board

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Non-Tech : USAB - USABancShares.com

USAB 75.00

0.0%

Dec 29 3:00 PM EDT

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To: Bill J. Duke who wrote (2395)	10/11/2000 9:14:14 AM
From: King David	Read Replies (1) of 2419

USABancShares.com, Inc. (NASDAQ: USAB chart, msgs) today announced third quarter operating results with a loss of $208,000 (or $0.04/share), compared to a loss of $563,000 (or $0.11/share) for the same period a year prior. Results reflect substantial improvement from the prior quarter loss of $1.4 million, as the Company continues to reduce operating overhead and expenses related to advertising and marketing. "We have significantly reduced operating overhead and have been successful in enhancing efficiency. Returning to profitability has been a priority for the Company, which we expect for the fourth quarter of this year. We'll continue to emphasize bottom line performance on an ongoing basis," said Ken Tepper, President and CEO of the Company. Not a bad little announcement from USAB KD

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