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Microcap & Penny Stocks : THE OZONE COMPANY! (OZON) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Sullivan who wrote (3707)	7/14/1999 9:53:00 AM
From: Bernard Super	Read Replies (1) \| Respond to of 4356

Cyclopps press release: (Apparently Stoddard has cut most of the staff to try to stay afloat till something happens with the Navy - Bernard). biz.yahoo.com Wednesday July 14, 8:02 am Eastern Time Company Press Release Cyclopss Reports Profit in First Quarter Results SALT LAKE CITY--(BW HealthWire)--July 14, 1999--Cyclopss Corp. (OTC BB:OZON - news) released results from operations for the first quarter ended May 31, 1999. The company recorded its first ever profit of $54,921, or $.003 per share on 18,115,669 weighted average shares outstanding for the three months ended May 31, 1999. This compares with a net loss of $874,508, or net loss per share of $.05 per share reported for the same period last year on 16,013,295 weighted average shares outstanding. Net revenues for the three months ended May 31, 1999, were $316,732 compared to $323,391 for the three months ended May 31, 1998. Three of the company's wholly-owned subsidiaries -- Eco-Pure Food Safety Systems Inc., Cyclopss Textile System, and Cyclopss Biochemical Corp. contributed to the company's gross revenues for this period. (Eco-Pure $111,535; Textile $96,764 and Biochem $108,433) Throughout last year, management has taken aggressive measures in reducing its operating costs. As a result of these actions, research and development costs were reduced by 100 percent from $114,822 in first quarter 1998 to zero in first quarter 1999, and marketing costs were reduced by 100 percent from $110,159 in first quarter 1998 to zero in first quarter 1999. General and administrative expenses were reduced by 84 percent, from $553,064 for the three months ended May 31, 1998 to $86,919 for the three months ended May 31, 1999. This extensive cost saving was due primarily to a reduction in management and administrative personnel, and to the cancellation of significant investor and public relations spending and activities engaged in during the same first three-month period of the prior fiscal year. Cyclopss is a world leader in the development of ozone technology and applications for healthcare and food processing industry. Contact: clopss Corp. William Stoddard, 801/972-9090 Fax: 801/972-9092