Misonix Announces Another Significant Order for its Mystaire Air Pollution Control Division
Business Wire - December 07, 1998 08:50
FARMINGDALE, N.Y.--(BUSINESS WIRE)--Dec. 7, 1998--Misonix, Inc. ("Misonix") (Nasdaq: MSON) today announced that its Mystaire Air Pollution Control division has received another order for $860,000 to supply a gas treatment system to the same mining metallurgical operating company which placed the $1.4 million order last month. This system is also designed to absorb and cool acid gases produced during various refining operations. Misonix's Mystaire division specializes in designing and manufacturing customized air pollution control systems.
Michael A. McManus, Jr., President and Chief Executive Officer of Misonix said, "The Mystaire Division will continue to pursue opportunities of this magnitude. Our recent success is due, in large part, to our in-house expertise and unique capabilities in this marketplace."
The Company also reported that, while the net loss for the Company's first quarter ended September 30, 1998 was correct as reported, the estimated figure of a profit of $.22 per share absent the bad debt write-off did not take into account tax effects, which would have reduced that figure to approximately $.11 per share.
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