Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nexus International (T.NXS) -- Ignore unavailable to you. Want to Upgrade?

To: tbknight who wrote (61)	11/4/2001 9:32:20 PM
From: Frank Fontaine	Respond to of 85

LOL, With all the big name companies talking about it and showing it all over the dadgum country I would assume that there will be contracts coming. I have not seen anything bad about the product yet. Crossing fingers Tim. Frank

To: tbknight who wrote (61)	11/19/2001 9:57:39 PM
From: tbknight	Read Replies (1) \| Respond to of 85

NEXUS Group Reports Fourth Quarter and Fiscal 2001 Results 16:00 EST Monday, November 19, 2001 BURLINGTON, ON, Nov. 19 /CNW/ - NEXUS Group International Inc. (TSE:NXS) announces the results of its fourth quarter and fiscal year ending June 30, 2001. Nexus reports its results in Canadian dollars. ------------------------------------------------ Three Months Ended Year Ended June 30 June 30 ------------------------------------------------ 2001 2000 2001 2000 ------------------------------------------------------------------------- Revenue $200,208 $80,711 $719,277 $682,752 ------------------------------------------------------------------------- Net Loss $3,399,847 $1,904,367 $8,332,004 $4,565,311 ------------------------------------------------------------------------- Net Loss per share $0.122 $0.015 $0.035 $0.030 ------------------------------------------------------------------------- Common Shares Outstanding -- -- 288,514,246 195,406,181 ------------------------------------------------------------------------- Revenues for the year-ended June 30, 2001, increased to $719,277 from $682,752 a year earlier. This increase is due to a rise in both royalties and rebates from the restaurant business. The net loss for fiscal 2001 increased to $8.3 million from $4.5 million for fiscal 2000 as the company repositions itself to focus on biometric technologies. Contributing to that loss were the charges incurred due to the decision to write down certain restaurant operations, the intellectual property of Platinum Intermedia, Inc. and the leasehold improvements of the Great Canadian Soup Company in the amount of $1.3 million due to continuing losses attributed to those operations and in keeping with NEXUS' mandate to focus on its core assets -- biometric technologies. The company's share of research and development expenses from its joint ventures was $1.5 million. These expenditures are for biometric product development from AcSys Biometrics Corp. and CompuBlox Inc. operations. Development expenditures are expensed and not capitalized so future revenues will not be impacted. "The past year has been one of significant change for NEXUS. Now that we have written down certain non-core assets, this leaves us in a position to strengthen our balance sheet and ready the company for focused growth in our biometric operations thereby delivering improved shareholder value in the year ahead," said David Lobb, president and C.E.O. NEXUS is a Burlington, Ontario-based, organization focused on leading- edge technologies. Its goal is to position itself as the leader in biometric technology and other advanced fields. NEXUS trades on the Toronto Stock Exchange as NXS. %SEDAR: 00002884E For further information: NEXUS Group International Inc., Phone: (905) 634-4111, Fax: (905) 634-1101, www.nxsgrp.com; Richard Bennet, Vice President, Finance, ext. 39; Darlene Marks, Director, Communications, ext. 37 © 2001 Canada Newswire Ltd.