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Biotech / Medical : OZON- Cyclopss

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To: Glass House who wrote (180)	6/23/1997 5:20:00 PM
From: Robert Stewart	of 202

That's right. During my visit I saw several projects which have been in the state of development and are now coming to fruition. Each project has the potential of bringing cash to the bottom line. However, my opinion is that the parts of the business capable of bringing in profits this year are the Textile Division (Laundry related application) and the Biochem Division which is synthesizing some very expensive/high margin monomers. The price of those can be reviewed at the OZON home page at cyclopss.com I did not get exact numbers for the forecasted earnings from each division nor do I think they would be available because several contracts are still in the works, but I did ask John W. when the first Quarter with positive earnings would be and his reply was the 4th qtr of this year. It might be possible to get some close estimates of the real numbers from a couple of professionally written analytical reports which are being compiled right now and should be completed within the first couple of weeks of July.

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