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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: JeffA who wrote (9901)	11/16/1998 1:40:00 PM
From: DOC	Respond to of 25711

HELP gonna run now!!!!!!! Monday November 16, 10:00 am Eastern Time Company Press Release SOURCE: HelpMate Robotics, Inc. HelpMate Robotics Inc. Reports Third Quarter Profit DANBURY, Conn., Nov. 16 /PRNewswire/ -- HelpMate Robotics Inc. (OTC Bulletin Board: HELP - news, HELPU - news, HELPW - news) submitted its third quarter 10Q report to the Securities and Exchange Commission this week. For the three months ended September 30, 1998, the Company reported a net profit of $115,763 as compared with a loss of $342,878 reported for the same three month period in 1997. Total revenues for the three month period ended September 30, 1998 were $1,472,759, a 33% increase from the $984,018 reported for the three months ended September 30, 1997. Rental revenues increased by $214,716 or 29%; sales revenues increased by $315,097 or 46%. Joseph F. Engelberger, Chairman of HelpMate Robotics, Inc. (HRI), attributed the improved performance to a more favorable mix between sales and rentals of HelpMate robots and to cost reduction measures taken in the first half of 1998. ''HRI's proprietary flagship product, the Helpmate robotic courier is used by more than 70 hospitals across the United States today; there is an increasing trend to multiple installations with client hospitals considering purchases and long-term leases,'' said Engelberger. As previously reported a prototype two-armed, mobile, sensate, research robot was shipped this quarter to NASA Johnson Space Center. ART, Anthropomorphic Robotic Testbed, as NASA dubs it, will be used in simulated space activities. The NASA software is expected to have ''dual-use'' significance to HRI in development of an elder care robotic companion for disabled seniors. HelpMate Robotics Inc. designs, manufacturers and markets proprietary autonomous robot systems, primarily for use by the institutional health care industry in the US, Canada, Japan and Europe. The Company's flagship product, HelpMate, is an intelligent, self-navigating, battery-powered robot than can travel throughout a facility without fixed tracks or guide wires. SOURCE: HelpMate Robotics, Inc. --------------------------------------------------------------------------------