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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Elbaum who wrote (7335)	2/3/2005 1:55:09 PM
From: esxtarus	Respond to of 8117

Pyng Medical Corp. Has Record 6th Straight Quarter Sales Increase Wednesday February 2, 9:00 am ET RICHMOND, BC--(MARKET WIRE)--Feb 2, 2005 -- Pyng Medical Corp. (Vancouver:PYT.V - News) (Other OTC:PYNGF.PK - News) is pleased to announce that revenue for the First Quarter of FY 2005 ending December 31st increased by a substantial 48% over the corresponding period in fiscal 2004. ADVERTISEMENT Pyng Medical Corp. management notes that the first quarter is traditionally the slowest quarter for sales for the company, but the latest quarter results provide solid evidence that Pyng Medical Corp. is on track for a substantial increase in sales for fiscal 2005. Sales for the quarter were $423,655 compared to fiscal 2004 which were $286,650. This represents a 48% increase. Pyng Medical Corp. has now had six (6) consecutive quarters with major growth as the company's flagship product, the F.A.S.T.1 System for Intraosseous Infusion, increasingly penetrates the market in all sectors in the civilian and military markets. This substantial 48% revenue sales growth is despite the fact that the US Dollar has had a significant decline against the Canadian dollar since the first quarter of fiscal 2004. The majority of F.A.S.T.1 sales are in US dollars and management is actively reviewing the impact and effect of the declining US Dollar. Following this review, management will initiate appropriate corrective actions. Management continues with its policy of product improvements and cost reductions for 2005. On behalf of the Board of Directors: Michael W. Jacobs. Chairman/CEO, Pyng Medical Corp. PYNG MEDICAL CORP. Unit #7-13511 Crestwood Place, Richmond, B.C. V6V 2E9 Canada Phone: (604) 303-7964 Fax: (604) 303-7987 Website: pyng.com The Toronto Venture Exchange has neither reviewed nor approved of the contents of this News Release. Safe Harbor Statement: This release may contain certain forward-looking statements including without limitation, projections, assumptions, expectations, product development objectives, commercial introduction, and potential advantages of the F.A.S.T.1 System. Actual events or results may differ from the Company's expectations as a result of risk factors discussed in Pyng Medical Corp. reports on file with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's report on Form 20F for the year ended September 30, 2003. Distributed by Filing Services Canada and retransmitted by Market Wire Contact: Contact: Michael W. Jacobs Chairman/CEO Pyng Medical Corp. Phone: (604) 303-7964 Fax: (604) 303-7987 Website: pyng.com Source: Pyng Medical Corp. Mail to Friend Email Story Alerts Set News Alert Printer Version Print Story Sponsor Results Mortgage Loan Rates Lock in today's rate on a mortgage loan at Home Finance of America - your source for great rates, with quality customer support. See what you qualify for and what your payments will be. www.homefinanceofamerica.com Easy Home Equity Debt Consolidation Loan Homeowners - consolidate debt, lower bills, lower payments, lower rates and pay off other debt fast. Bad credit or bankruptcy no problem. Apply in minutes free, fast, easy and no obligation. www.easyhomeequitymortgages.com We Search - You Save Home equity loans as low as 5.15% APR. Find premier lenders at SavingsPath.com. It's fast. Free. And extremely easy. Go now. SavingsPath.com. We search. You save. www.savingspath.com (What's This?) Related Quote PYNGF.PK 0.29 0.00 News View Detailed Quote Delayed 20 mins Providers - Disclaimer Related News Stories · Pyng Medical Receives Strong Support From US Military - Market Wire (Mon Jan 24) · / CORRECTION - Pyng Medical Reports Record 2004 Results - Market Wire (Mon Jan 10) · Pyng Medical Reports Record 2004 Results - Market Wire (Mon Jan 10) · F.A.S.T.1 System Doubles Sales for Fourth Quarter 2004 - Market Wire (Wed Oct 6) More... · By industry: Health care, Medical/pharmaceutical Top Stories · Productivity Gains Slow Down in 4Q - Associated Press (12:22 pm) · Report: Qwest in Talks to Buy MCI - Associated Press (12:31 pm) · Stocks Sink on Productivity Report - Associated Press (1:20 pm) · Former HealthSouth President Indicted - Associated Press (12:45 pm) More... · Most-emailed articles · Most-viewed articles Copyright © 2005 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Ad Feedback Copyright © 2005 Market Wire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.