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Microcap & Penny Stocks : AOXY, diverse,undiscovered in the investment community
AOXY 0.04000.0%Oct 30 3:34 PM EDT

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To: Due Diligence who wrote (831)5/26/2000 3:42:00 PM
From: SCOOBEY-DO  Read Replies (1) of 835
 
AOXYE news:

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Excerpted from 10QSB filed on 05/26 by ADVANCED OXYGEN TECHNOLOGIES INC:

ADVANCED OXYGEN TECHNOLOGIES INC files 0331 qtr 10-Q. Reports $(0.002) EPS.

Item 2: Management's Discussion and Analysis of Financial Condition and Results
of Operations.

On March 9, 1998, pursuant to an Agreement for Purchase and Sale of
Specified Business Assets ("Purchase Agreement"), a Promissory Note ("Note"),
and a Security Agreement ("Security Agreement") all dated March 9, 1998,
Advanced Oxygen Technologies, Inc.(the "Company") purchased certain tangible and
intangible assets (the "Assets") including goodwill and rights under certain
contracts, from Integrated Marketing Agency, Inc., a California Corporation
("IMA").

Pursuant to an employment agreement dated March 09, 1998 between the
Company and John Teuber ("Employment Agreement"), on September 04, 1998 the
Company terminated John Teuber for cause without relinquishing any of its rights
or remedies.

(End of item excerpt.)
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