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Technology Stocks : ISMR an OTC for long? -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (37)	9/28/1999 8:54:00 AM
From: SCOOBEY-DO	Respond to of 81

News regarding one of ISMR's Clients: September 28, 1999 07:45 Dionics, Inc. Ranked by Deloitte & Touche as Among Long Island's 50 Fastest Growing High-Tech Companies for Years 1994 - 1998 Five-Year Span Sees Company Fight Back From 'Near-Death Experience' to Join Elite Group of Long Island's 'Fast 50' High-Tech Growers WESTBURY, N.Y., Sept. 28 /PRNewswire/ -- Dionics, Inc. (OTC Bulletin Board: DION) reported today that it had been named by Deloitte & Touche, national accounting firm, as a recipient in the Sept. 23rd awards ceremony for Long Island's 50 Fastest Growing High-Tech firms. The awards were made at Carlyle-on-the-Green, in Bethpage State Park, located in Farmingdale, L.I. Qualifying for the awards, which covered the years 1994 - 1998, the winning "Fast 50" recipients had achieved the highest percent growth in sales volume within the Long Island high-tech community. Dionics, Inc., still struggling for survival back in 1994, returned to profitability during the five-year measuring period, and went on to cap its turn-around by recording growth in revenues of almost 50 percent by 1998. A manufacturer of specialized semiconductors and micro-electronic products, Dionics has been generating much of its revenue growth recently with photovoltaic Solid State Relays for the AIRBUS aircraft flight-control systems, and opto-isolated medical power-drivers for implantable Cardiac Defibrillators. The performance of both products is enhanced by unique circuitry covered by company-owned US Patents. Commenting on the "Fast 50" award, company president Bernard L. Kravitz said, "We didn't even realize we were being considered for inclusion in this elite group, and of course we are pleased and flattered. Although we were near the tail-end of this dynamic high-tech group, to be included in it at all was the last thing we'd have expected five years ago. Back then, survival was all we thought about, but now, happily, we'll be pushing hard to stay in the rankings for future years. Our fast-growing backlog and current profitability encourage us to be optimistic about future awards," he concluded. WRITTEN BY DIONICS, INC. MANAGEMENT, THE PRECEDING TEXT CONTAINS FORWARD-LOOKING STATEMENTS WHICH REFLECT THEIR BEST JUDGMENT OF CURRENTLY AVAILABLE INFORMATION. SHOULD CERTAIN ASSUMPTIONS FAIL TO MATERIALIZE, OR UNEXPECTED ADVERSE EVENTS OCCUR, THE COMPANY MAY NOT REACH MANAGEMENT'S GOALS. For ON-LINE investor information on DION go to: internetstockmarket.com. Dionics, Inc. (OTC Bulletin Board: DION) is a listed member of Internet Stock Market Resources, Inc. (OTC Bulletin Board: ISMR) SOURCE Dionics, Inc. /CONTACT: Bernard L. Kravitz, Pres. of Dionics, Inc., 516-997-7474/ /Web site: internetstockmarket.com (DION ISMR)