Spinmeistersgo2work...September 15, 1999 Our 10-K for year ended June 30, 1999 has been filed with the SEC today. The key attribute of this year versus last year is sales. Net sales increased by $9,254,000, or 672%, from $1,377,000 in the year ended June 30, 1998 to $10,631,000 in the year ended June 30, 1999. This year had a net loss of $2,413,000 as compared to last year's $4,507,000, or a 46% reduction in losses this year. The 10-K annual report will be available on the SEC's Edgar site ( sec.gov, or in printed form by request. To request a printed form of the 10-K, please contact our Company at (805) 373-8688. |