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Microcap & Penny Stocks : THMZ.. Making Money Old Fashion Way -- Ignore unavailable to you. Want to Upgrade?

To: chalu2 who wrote (194)	6/3/1999 1:30:00 PM
From: ColleenB	Read Replies (1) \| Respond to of 201

Hey, there was news out the other day (Edgar's)... Old Laminaire had operated profitably prior to its acquisition by the Company. However, subsequent to such acquisition its reported operating results are and will continue to be burdened by (i) the amortization of goodwill and other purchase adjustments required by generally accepted accounting principles; (ii) the costs associated with being a public company; and (iii) interest and debt service costs. Accordingly, the Company believes that it needs a greater volume of revenue over which to spread these and other fixed costs or a plan to reduce the interest and fixed facilities' costs. Management is considering the sale or refinancing of the Company's building in Rahway, NJ as a means of accomplishing certain of these objectives. No assurances can be given that The Company will be successful in this undertaking. In general, the Company believes that it is now positioned to compete in niche markets on the basis of service and a willingness to customize. As a rule, it is not competing based on technology. Management believes that controls are in place to minimize the risk of incurring significant losses on individual contracts or projects, although no assurances can be given that no such losses will occur. The Company believes that operating losses are likely to continue throughout the first half of 1999.