I received this yesterday afternoon Via E-Mail. The word is getting out.
Regards Michael
From: Kostech Smallcap Research <Bulletin@kostech.com> To: 'Kostech Free Subscribers' <IMCEA+5BSMTP-bulletin+40kostech+2Ecom+5D@kostech.com> Subject: 2/18/98 Update (XGNT, PSVC) **** Free Delayed Date: Thu, 19 Feb 1998 03:03:50 -0800
Exigent International Inc. (CHX:XNT)(OTC:XGNT) recently announced the following unaudited results of operations for the year end Jan. 31, 1998.
Revenues were approximately $36 million for FY 1998 vs. $29.9 million for FY 1997. Net income per share rose to 30 cents from a loss of 13 cents in the year earlier period.
Exigent CEO, Bernie Smedley, said, ''We are very encouraged by our results as they reflect the one-time charges, some of which occurred in fiscal 1997 and some in fiscal 1998, as well as a full year of the on-going costs of being a public company. In addition, a significant portion of our revenues from late in the fourth quarter reflect the sale of software licenses which is a direct return on research and development.''
Exigent is a publicly traded holding company capitalizing on emerging high-technology opportunities. Its two operating subsidiaries are Software Technology Inc. (STI) and Foto Tag(TM) Inc. STI specializes in command and control solutions for the world's largest satellite constellations including IRIDIUM(R) with 46 satellites. Foto Tag(TM) Inc. develops and markets advanced tracking systems for airline passengers, baggage and products.
For more information: Exigent, Don Riordan, CFO, 888/952-XGNT (9468) or Jim Wheeler & Associates, 847/918-8464.
Web Site: xgnt.com
IRIDIUM is a registered trademark and service mark of Iridium LLC. =============================================
Pioneer Services (OTC:BB) which was covered earlier last year and has been quietly moving forward since, today announced significant news. The stock is likely to settle a bit before advancing further however it may be a good time to call Rob Solarchik of LBI Group at 800/913-9767 and request an investor packet for review. Here is today's press release.
Pioneer Services International Ltd. (BULLETIN BOARD:PSVC), of Boca Raton, announced Wednesday the results of preclinical trials and research conducted at Cornell University Medical College on Sciatic Nerve Growth and Repair, utilizing the Jacobson Resonator emitting Piclo Tesla range magnetic fields.
The research study was conducted over the last six months under the guidance of Dr. Brij Saxena of Cornell University Medical College, New York, N.Y.
The "in vitro" studies on the treated nerve pieces dissected from sciatic nerves of mice showed a significant growth in length and thickness plus an increase in the number and size of axons, growth and repair to the myelin sheaths. Schwann cells showed normal configurations and mitochondria of condensed formation which is indicative of anabolic activity. Normal distribution of microtubules and microfilaments in the treated samples further substantiates that "exposure to Jacobson Magnetic Resonance sustains normal sub-cellular structures of nerve cells as well as promotes growth and repair," explained Dr. Jerry Jacobson, chairman of Pioneer Services International Ltd. as compared to the untreated samples of sciatic nerves which simply decayed.
Additional double-blind clinical and research studies are underway at The National Medical and Research Institute, Boca Raton, using Jacobson Resonators for the treatment of Chronic Pain and Osteoarthritis under the direction of Roger Gorman, M.D. The company expects to have a full report of its findings ready for publication by June 1998.
Pioneer Services International Ltd. (PSVC) is one of the leaders in the emerging field of Bio-Electromagnetic Technology. Applications for our patented resonance equipment and products cut across Medical, Food, Agricultural, Pharmaceutical, Construction and Environmental industries.
For further information contact: LBI Group Inc. (Investor Relations Department) at 800/913-9767 or address your inquiries directly to the company, attention Dr. Frank A. Chaviano.
CONTACT: LBI Group Inc. Investor Relations Department, 800/913-9767 or Pioneer Services International Office of the Chairman, 561/477-8020
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