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Biotech / Medical : Medical Industries Of America, MIOA
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To: Tim J. Flick who wrote (141)5/6/1997 6:10:00 PM
From: Tim J. Flick   of 570
 
Results from today's Conference call to Broker's.

1. Mike Morrel President of Mioa spoke too and answered broker questions.
2. Indicated that revenue in the 2nd quarter would more than double.
3. Shares outstanding have gone from 1.8mill to approx 4.3 mill. and will be reflected in the 2nd quarter.
4. Stock dividend to be paid to stockholders on track but needed an audit and tax opinion before it is declared. Said this would take about 2 weeks.
5. Said that company was close to announcing non-dilutive aquisitions that would add strong revenue to company.
6. Said that many good news items to follow in the coming weeks.
7. "By this time next year, hopes to have 10 labs in opperation at 100% capacity".
8. Spoke very confidently and minced no words about the direction of the company.

Overall, very upbeat and exciting presentation that says this stock is very cheap at these levels. Very hard to find any better growth story than MIOA. Good luck!!
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