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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC)

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To: esecurities(tm) who wrote (415)8/29/1997 11:38:00 AM
From: esecurities(tm)   of 4231
 
New CEO talks about Q2 and profitability.

"...Subsequent to the end of the second quarter, the Company shipped HotMetal 4.0. The product has received favorable press coverage, and early sell-in data has been encouraging.

During the quarter, the Company implemented its previously announced
restructuring by lowering the expense structure of the SoftQuad Inc.
subsidiary, while keeping the core assets and people of this business
intact.

Richard Rabins stated: "With the restructuring behind us, with the
lower operating cost structure that we now have in place, and with the
strategy of aggressively licensing new products, we believe that we are moving toward our objective of achieving operational profitability. In the second quarter our operating loss, before restructuring charges, narrowed from $4.2 million to $2.1 million."..."


Richard Rabins' Q2 message: bud.stocksmart.com:8810/ss-news/CX566716.html
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