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Biotech / Medical : Pioneer Services Inc OTC>BB PSVC

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To: vcap who wrote (86)2/20/1998 2:57:00 PM
From: Michael  Read Replies (1) of 140
 
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

This company was recently reviewed to our paid subscribers.
Paid subscribers will receive more frequent updates on this and other
companies covered by Kostech. If you wish to become a paid subscriber
please visit kostech.com or call us at the
number below.

Kostech SmallCap Research
kostech.com
Phone 1-702-827-8781
Fax 1-702-827-9024

Kostech SmallCap Research is an independent research firm which produces
research bulletins. These bulletins are derived from many sources
deemed to be reliable although no guarantees are made as to the
accuracy and completeness of the information. The information in this
bulletin is not intended to be and shall not constitute an offer nor
solicitation to buy or sell securities. Investors are advised to contact
the company as well as their broker or financial advisor before making
any investment decision. This company, which has previously been
reviewed to Kostech's paid subscribers, has recently retained Kostech
for the purpose of website development and/or updating our free
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COPYRIGHT (c) 1997 by Kostech SmallCap Research All Rights Reserved.





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