Good job Amy! I know many investors are probably concerned not just about their holdings in OZON but with the overall market right now. So first I would like to address the overall market. Stockmarkets do not sell off forever with falling interest rates. I see this morning the long bond has slipped under 6%. Wow! Sure there are problems overseas that will effect our holdings short term in the market but what we have long term here is a great buying opportunity.
Now OZON. If anyone looks carefully at the finacial statements of the company they will reach several conclusions. First revenues at the company are growing rapidly for the first time in a sustainable fashion. Unfortunately expenses are as well. That may not sound entirely great but those growing expenses will not be a problem for Cyclopss anymore than it is for the numerous biotech stocks I have followed throughout the years. There is no longer any chance that OZON will be delisted or in need of any reverse splits. More financing for the company is readily available. In fact I personally would like to get in on the next round. The thing is there is a huge market for Cyclopss's technology and current products. HUGE!!!
Folks please reread the press release on the last round of financing:
Thursday November 6 1:39 PM EST
Company Press Release
Cyclopss Concludes Financing
SALT LAKE CITY--(BW HealthWire)--Nov. 6, 1997--Cyclopss Corp. (NASDAQ:OZON) Thursday announced that it, together with First Financial Investment Securities Inc. (FFIS) has concluded a private placement of stock, the first round of which was for more than $1.2 million.
Bryan Forman, chairman of Texas-based FFIS, said, ''This offering was concluded in five days and is the first of three rounds of financing for the company. We believe that the company is now well poised to take full advantage of new opportunities created within the food industry.''
Said Bill Stoddard, Cyclopss' president, ''This offering has enabled us to step-up our development of ozone-based equipment specifically engineered for the food industry, particularly produce, meat and poultry processing. Moreover, there are other financing mechanisms in place to raise additional capital, if and when required.''
Cyclopss Corp. is one of the nation's leading developers of ozone application processes and technologies for industry. Among its products is a food and commercial laundry decontamination system that kills micro-organisms such as E.coli, Listeria, Giardia, Cryptosporidum and a host of blood-born pathogens.
Contact:
Melinda Ballard, 512/894-0508 (for Cyclopss Corp.)
fax: 512/858-7146 |
