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Microcap & Penny Stocks : PCTR-Perceptronics -- Ignore unavailable to you. Want to Upgrade?

To: DaveS who wrote (532)	8/16/1999 10:31:00 AM
From: george eberting	Read Replies (1) \| Respond to of 710

A little news: biz.yahoo.com Company Press Release SOURCE: Perceptronics, Inc. Perceptronics Announces FY 2000 First Quarter Results WOODLAND HILLS, Calif., Aug. 16 /PRNewswire/ -- Perceptronics, Inc. (OTC Bulletin Board: PCTR - news) today announced that the Company reported a loss for its first quarter ended June 30, 1999 of $163,823, or $0.03 per share, on revenues of $382,410. In its first quarter of the previous year, the Company had a profit of $3,222, or $0.00 per share, on revenues of $832,952. Dr. Gershon Weltman, chairman and chief executive officer said, ''The significantly reduced first quarter revenues in fiscal 2000 resulted mainly from lack of contract activity in the defense simulation sector. The primary factor was delays in the availability of several major PGTS contract opportunities that we feel we have an excellent chance of winning. We believe these opportunities are still viable, and accordingly we have initiated cost savings measures in this area to help see us through the dry spell.'' ''In addition, we are increasingly enthusiastic about the market potential of the IC3D(TM) Framework products and services. The movement of the Internet toward 3D visualization and multi-user, online interaction is occurring even faster than we had anticipated a year ago. In our discussions with potential customers -- site developers as well as site owners -- we have found a strong acceptance of the type of benefits the proprietary IC3D Framework brings. These come from the ability of IC3D to create fully collaborative 3D applications quickly using a variety of open standards, and a variety of specialized 3D engines as well.'' ''The IC3D advantages have helped us create important strategic and technical alliances with such preeminent companies as Brilliant Media and Tremor Entertainment, a fast growing leader in the multi-person game industry. We are working diligently to bring the first IC3D applications to the Internet as pacesetters for the burgeoning collaborative 3D market.'' ''Obtaining bridge and/or next phase financing to take advantage of the opportunities offered by IC3D is a top priority of management. While neither financing can be assured, we believe two key factors have made the IC3D venture more viable and more fundable. The first is the recent strategic and technical alliances we have made, including an important alliance in the entertainment area with Tremor Entertainment, a preeminent and rapidly growing gaming company. The second is the close contacts we have established with potential IC3D customers in each of our identified market segments.'' Perceptronics performs research and development and manufactures and markets computer-based simulation systems and software for military and commercial training and decision support. Further information about Perceptronics and its products can be found on the Internet at www.perceptronics.com. Statements regarding the Company's expectations about growth and marketing strategies, new and existing products, future financial performance and other Forward Looking Statements are subject to various risks and uncertainties. These include, without limitation, technological factors, competitive factors, cash flow factors, ability to obtain required financing and uncertainties relating to foreign and defense-related sales. These and other risks and uncertainties are discussed in greater detail from time to time in the Company's SEC filings and reports. SOURCE: Perceptronics, Inc.