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To: Mr Metals who wrote (353)	1/6/1998 12:08:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 783

Subject: Stockwatch: European Technologies International Inc - Financial Statements Date: Tue, 06 Jan 1998 08:03:19 -0800 From: newsout@canada-stockwatch.com To: edpak@georgian.net European Technologies International Inc ETR Shares issued 45,188,178 Jan 5 close $0.11 Tue 6 Jan 98 Financial Statements STATEMENT OF EARNINGS Year ended June 30 1997 1996 Revenue $ 352,803 $ 898,945 ----------- ----------- Operating expenses Administration 256,895 398,915 Consulting 105,515 69,473 Depreciation and amortization 735,976 483,608 Development 232,997 205,521 Dividends on preferred series D shares 5,960 23,840 Finance 40,352 2,602 Foreign exchange 7,220 16,385 Marketing 357,411 426,389 Occupancy 78,787 78,932 Professional fees 44,054 85,846 Public company costs 38,324 67,760 ----------- ----------- 1,903,491 1,859,271 ----------- ----------- Loss from continuing operations (1,550,688) (960,326) Discontinued operations - (402,502) ----------- ----------- Net loss $(1,550,688) $(1,362,828) =========== =========== Loss per share $(0.03) $(0.02) (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com