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To: stockman_scott who wrote (8813)8/19/2002 12:59:51 PM
From: im a survivor  Respond to of 13815
 
H-Quotient, Inc., 2nd Quarter Earnings Surpass Projection; Yearend Target Revised Upward

August 19, 2002 07:00:00 (ET)

VIENNA, Va., Aug 19, 2002 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT, Trade) 2nd Quarter earnings of $.02 per share surpassed company projections, causing an upward revision in the December 31, 2002, yearend earnings target to $.07 to $.09 per share.

Earnings from operations for the 2nd Quarter ending June 30, 2002, were $.02 per share or $422,840 compared with earnings from operations and investments of $.01 per share or $272,654 for the 1ST quarter of 2002 and $.01 per share or $268,232 for the 2nd Quarter of 2001.

President and CEO Douglas Cohn said, "The company is exceeding earnings projections, including the projected target of $.06 to $.08 per share for the year. DataQual II, LinkQuotient/I-Link Enterprise, Quotient Capital, and our new financial/distribution division are all profitable. LabQuotient is about to be unveiled, and BloodQuotient will follow later in the year. Sales growth, new products, derivatives of existing products, and acquisitions are expected to continue to accelerate future earnings. Particular credit is due our Vice President of Operations Laurance T. Burden and our project managers."

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated. For more information visit the H-Quotient web site at www.hquotient.com.


CONTACT: H-Quotient
Kathryn Kennard, 703/821-3434
URL: businesswire.com
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Copyright (C) 2002 Business Wire. All rights reserved.



To: stockman_scott who wrote (8813)8/19/2002 2:12:27 PM
From: Venkie  Read Replies (2) | Respond to of 13815
 
shorts need to eat shit