HERE is the After hours news that i was talking about.
nesday February 17, 4:58 pm Eastern Time
Company Press Release
SOURCE: Eye Dynamics, Inc.
Eye Dynamics Announces Sales
Increase of 56% to $679,000 for Year Ended December
1998
TORRANCE, Calif., Feb. 17 /PRNewswire/ -- Eye Dynamics, Inc. (OTC Bulletin Board: EYDY
- news) President Charles E. Phillips announced today that sales for 1998 were approximately
$679,000 (unaudited) for the year ended December 1998. This represents an increase of 56%
over the prior 1997 year when sales were $436,300 (audited). It is also the second consecutive
year that sales increased more than 50%, because sales advanced 54% from $282,700 in fiscal
year 1996 to $436,300 in fiscal year 1997.
1996 1997 1998
$282,700 $436,300 + 54.3% $679,000 + 55.6%
Major reasons for the 54% sales increase in 1998 are: a marketing strategy changed from
two-step distribution to single step in mid-year; a new medical products contract from a private
label purchaser; and an increase in unit volume. Eye Dynamics expects to release complete audited
financial results for 1998 within the next three weeks.
EYDY is in the business of producing and marketing patented proprietary products and other
services for the institutional, medical and government markets, which are over Two Billion Dollars
a year in size.
SOURCE: Eye Dynamics, Inc.
THE FLOAT ON this one is all but gone!. Less than 1 million. New PR firm is going to keep this stock in the Public EYE {ha ha} This is a VALUE momentum stock!! |
