More on UBS.VSE from recent news....
I've seen some great companies come out of Vancouver....and this will be one of them. Vancouver is developing some world class tech companies doing big deals. Companies such as SIS, IWM, and UBS are all great tech companies that would be trading much much higher on an exchange with better exposure. Think about it....if you saw this news release for a NASDAQ stock....wouldn't you pay .25 CDN (about .17 USD) for this ;)
Later,
CM (going for another home run!)
Mr. Alex Dolgonos reports
The company achieved record sales for the six months ended Nov. 30, 1998. Sales of $4,110,000 for the six months surpassed the company's sales for the 12 month 1998 fiscal period by approximately 21 per cent. The increase in revenue for the period was largely due to the current contract with CD Radio. With $3,000,000 remaining on the current contract with CD Radio and its other backlog, the company is comfortable it will reach its fiscal goals for the May 31, 1999 year end.
The record sales and return to profitability of $595,143 for the three months ended Nov. 30, 1998 is evidence that the significant investment the company has incurred over the last three years in developing its suite of products has resulted in successful commercialization as management had envisioned at the time.
The company is in discussions with a number of transmitter manufacturers regarding an OEM relationship for digital compression equipment.
In addition to the company's involvement in the digital audio broadcasting market, the digital video team is concentrating its efforts on the completion of the development of the joint Unique/Lucent solution as announced in Stockwatch Nov. 19, 1998.
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