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Biotech / Medical : CHDX--US China Industrial Exchange

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To: Bill Bishop who wrote (53)8/17/1998 4:20:00 PM
From: WWS   of 77
 
Bill, Larry Pemble, CFO, returned my call this afternoon (I'd left voice mail for him on Saturday). He said that the full 10-Q would soon be posted on EDGAR and that Note 2 (I think) explained the situation with regards to operating revenues from services at Beijing United clinic. He said that the operating revenues (year to date) of the clinic were some $644,000, which he termed still less than "break even", but that this short term short fall "was expected". I'm not sure whether the $644,000 clinic revenues were current, or only up to the end of the quarter April through June. The full 10Q, when posted, should make this clear. Well, at least his call confirms that operations at Beijing United are generating cash. So I'll probably stay invested awhile (at least 'till next quarter's results) and see whether any of the new distributorships, and the clinic, come to fruition. Best Regards, Bill (working at home today).
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