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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!! -- Ignore unavailable to you. Want to Upgrade?

To: ksuave who wrote (97)	12/31/1997 2:31:00 AM
From: FRANK J CATALANO	Read Replies (1) \| Respond to of 601

R B TASA- IT LOOKS LIKE TASA HAD +.03+ IN EARNINGS FOR THEIR FOURTH QUARTER . NOW WE NEED EARNINGS OF ABOUT +.15 FOR 1998 AND THEN $1.50 SHOULD BE HIT WITH EASE AND THEN ON TO $2.00. GOOD LUCK CAT

To: ksuave who wrote (97)	1/5/1998 6:27:00 PM
From: Thomas Kirwin	Respond to of 601

1997 Year End Numbers TOUCHSTONE APPLIED SCIENCE ASSOCIATES, INC. Statement of Operations Year Ended October 31, 1997 Sales $4,587,633 Cost of Sales 1,578,749 Gross Profit 3,008,884 Operating Expenses Selling Expenses 1,128,604 General and Administrative 1,601,764 Bad Debt Expense 405,000 Impairment of Goodwill 2,002,674 Loss From Operations (2,129,158) Other Income (Expense) Net Interest Income (Expense) (34,083) Loss on Sale of Assets (30,539) Loss Before Credit for Income Taxes (2,193,780) Tax Provision (Credit) (829,969) Net Loss $(1,363,811) Net Loss Per Common Share $(0.17) Weighted Average Number of Common and Common Equivalent Shares 8,213,089