CXI-Commodore Environmental Message Board

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Strategies & Market Trends : CXI-Commodore Environmental

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To: hcm1943 who wrote (1574)	4/16/1999 12:17:00 PM
From: kenneth shopsin	Read Replies (1) of 1755

Dow Jones News Service via Dow Jones NEW YORK (Dow Jones)--Commodore Applied Technologies Inc. (CXI) said the report of independent accountants includes an explanatory paragraph stating there are matters which "raise substantial doubt about the company's ability to continue as a going concern." In a press release Thursday, the company said its 1999 forecasted corporate expenses are anticipated to exceed annual cash flows from operations by about $1.6 million. The company said it is hopeful that it will raise additional financing in the near future. Commodore Applied said it believes it has, as of Dec. 31, 1998, sufficient cash and cash equivalents ($1,798,000), and unused borrowing capacity (about $1 million) to fund ongoing activities through the end of 1999. Commodore Applied Technologies develops projects and commercializes services in the nuclear and radioactive mixed waste, Department of Energy markets. (END) DOW JONES NEWS 04-15-99

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