Tuesday November 18, 4:04 pm Eastern Time
Company Press Release
SOURCE: Green Oasis Environmental, Inc.
Green Oasis Environmental, Inc. Reports Third Quarter Loss
CHARLESTON, S.C., Nov. 18 /PRNewswire/ -- Green Oasis Environmental,
Inc. (OTC: GRNO - news) today reported a net loss of $365,000, (or $.06
per share), on revenues of $4,000 for its third quarter ended September
30, 1997. This compares with a loss of $142,000 (or $.03 per share) or
revenues of $37,000 in 1996's comparable quarter. For the 9 months ended
September 30, 1997, the Company lost $288,000 (or $.04 per share)
compared to a loss of $140,000 (or $.03 per share) in 1996. The weighted
average common shares outstanding were 6,465,134, as of September 30,
1997 versus 5,537,550 at the end of September 1996.
William D. Carraway, President, stated ''This has been a very difficult
year for the Company which has experienced costs and expenses which were
not anticipated. We hope that once these expenses are behind us, we will
be able to look forward to a return to our original business plan of
marketing and manufacturing the technology to a worldwide market.''
Green Oasis Environmental, Inc.'s patent pending process is designed to
produce marketable fuels from waste oils in a closed cycle, one step
process. The Company manufactures equipment for its own use as well as
markets to others. <<<<<<<<
Mr. Carraway states that its' been a very difficult year! With only $4,000 revenues I'd say that that is quite an understatement. Who is buying GRNO's equipment other than GRNO?
This co. IMO has been hyped by those that may have a personal interest, it appears that the SEC agrees, they halted trading on this
stock and it now is floundering amongst the pink-sheets.
Not only can't the Market Makers make a Market for this co., but the Marketplace, unless laws can be changed to utilise this technology to its' full potential, will also pass on GRNO.
Pugs |
