Commodore Applied Technologies, Inc. Reports First Quarter
Results
PR Newswire - May 14, 1999 09:16
NEW YORK, May 14 /PRNewswire/ -- Commodore Applied Technologies, Inc. (Amex: CXI, CXIW), today
announced financial results for the three-month period ended March 31, 1999 (see table below).
Commodore Applied Technologies, Inc. and Subsidiaries
Condensed, Consolidated Statements of Operations (Unaudited)
Three Months Ended March 31,
1999 1998
Revenues $3,345,000 $4,214,000
Net Loss (880,000) (3,395,000)
Net Loss Per Share
Basic and Diluted (.04) (.15)
Weighted Average
Number of Shares Outstanding 23,702,263 22,950,000
The mission of Commodore Applied Technologies, Inc. is to develop projects and commercialize services
in the nuclear, radioactive mixed waste, power generation and Department of Energy (DOE) markets where
technology and engineering support are a prerequisite. Commodore Applied Technologies, Inc. is 35%
owned by Commodore Environmental Services, Inc. (OTC Bulletin Board: COES).
These materials contain forward-looking statements based on a series of projections and estimates
regarding economics within the company's markets, the industries in which the company operates, the
effects of legislation and regulations, as well as business and competitive outlook.
SOURCE Commodore Applied Technologies, Inc.
/CONTACT: James M. DeAngelis or Melissa C. Berkowitz of Commodore Applied
Technologies, 212-308-5800/ |
