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Microcap & Penny Stocks : Conolog Cp -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (307)	12/15/2000 9:38:35 PM
From: rowrowrow	Read Replies (1) \| Respond to of 428

Not OT...but "Hi Mike" Friday December 15, 11:32 am Eastern Time Press Release Conolog Reports Record Results for Profitable First Quarter Revenues 238% of Revenues Reported for Same Period Last Year SOMERVILLE, N.J.--(BUSINESS WIRE)--Dec. 15, 2000--Conolog Corporation (NASDAQ: CNLG - news, CNLGW - news) announced today that it has reported record revenues of $1,812,205 for the first quarter ended October 31, 2000, 238% of revenues reported for the same period last year of $763,014. The Company reported a total pre-tax net income for the first quarter of $181,686 or $.02 per share versus a pre-tax net loss of $400,093 ($.07) per share for the first quarter of fiscal 2000. Robert Benou, Conolog's president, commented, ``Fiscal 2001 will see tremendous growth in all sectors of our business, due to our highly selective acquisition strategy and the signing of several major product contracts. These contracts have resulted in a significant increase in backlog orders for our inventory that exceed any we've experienced before, and which we will fulfill over the remainder of fiscal 2001 and fiscal 2002.'' Benou continued, ``The Company is working hard to address NASDAQ's review that the Company's common stock has failed to maintain a bid price equal or greater than $1.00 as required under Marketplace Rule 4310 (c)(4). Prior to March 8, the bid price of the Company's shares must be equal or greater than $1.00 for a minimum of 10 consecutive days to demonstrate compliance with this requirement as set forth in the NASDAQ Marketplace Rule 4800 Series.'' Conolog Corporation provides engineering and design services, technical personnel placement, and computer maintenance services to a variety of industries, government organizations, and public utilities nationwide. The Company's INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers