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Gold/Mining/Energy : Eco Logic Company ( ELI ECO ) Update -- Ignore unavailable to you. Want to Upgrade?


To: Don Beals who wrote (227)11/27/1998 10:10:00 PM
From: J. Kerr  Read Replies (1) | Respond to of 340
 
Third quarter results announced today. Hi-lites (or low-lites) as follows:

- Revenue for 9 months ended Sept. 30/98 increased 35% compared to 9 month period last year (from $3.05 million to $4.12 million)

- Loss for 9 month period ended Sept. 30/98 decreased from $10.25 million last year to $5.38 million this year.

- working capital has gone down from $10.2 million as at Sept. 30/97 to $2.5 million as Sept. 30/98.

192.139.81.46

Still say this company is heading for a cash crunch unless they can find a well-heeled partner.

Regards.

Joe