Medical Technology Systems MSYS Message Board

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Biotech / Medical : Medical Technology Systems MSYS

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To: DJ Clancey who wrote (107)	4/10/1998 8:02:00 AM
From: Dave B	of 139

To all...I called the company yesterday and found out something about settlement of dispute with bank. There is a news release from the company dated Mar.31. The full release is on its way to me via mail, however this following clip was found by someone on the Yahoo message board in the Tampa newspaper. --------- "Medical Technology Systems Inc. of Clearwater said its lenders agreed to extend $1.2 million in loans in exchange for certain conditions, including a pledge that it no longer will finance its LifeServ Technologies Inc. unit from its two other operating units and instead use $1 million from those units to pay down debt. " ----------- I'll post the full release along with Pres. Todd Siegal's comments when I receive this weekend. Sara read the release to me over the phone and although I only was able to catch the general idea, it sounded like MSYS is confident that LifeServ is ready to stand on its own and that the core business(packaging) is running a strong profit at this time. Two more items of note 1) No earnings release date yet 2)An insider(officer) bought 10,000 shares at 22 cents on Feb 12th...the same time that stock bounced up to 40cents. I'll keep everyone updated on further developments Raise your hand if you are out there and let everyone who may be reading for the first time your thoughts on the company. I for one am very bullish on the near-term as the next earnings date approaches and it seems the financials are back in place. Dave B

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