- From: <stockwatch40@excite.com>
- Date: Wed, 26 Sep 2001 00:16:50 -1700
- To: <Value_Investor@mailb.telia.com>
BioShield is on Target to Meet Projected 50% Growth, With First Time Quarter Profit BioShield Expects to Show a Profit Less Extraordinary Items ATLANTA, Sept. 25 -- BioShield Technologies, Inc. (OTC Bulletin Board: BSTI) announced today that a strong fiscal 1st quarter is showing better then expected/estimated revenue, putting the firm clearly on target to meet its projected 50% growth rate per quarter. In addition management stated it expects to show a profit less extraordinary items for the quarter. BioShield's EPS has improved with each successive quarter beginning with -$.98 in the 1st quarter of the Company's 2000 fiscal year, -$.39 in the 2nd quarter, -$.23 in the 3rd quarter and less than -$.01 for the 4th quarter. Management remains confident in achieving 50% growth in revenues beyond the next few quarters, by remaining focused and increasing sales in Europe and Asia. Recent company developments: BioShield Technologies, Inc. Announced Today That it Intends to Spin-Off Healthcare Network Solutions, Inc. (HNS) to Enrich Shareholders Value. http://biz.yahoo.com/prnews/010924/atm024_1.html Megastar Places $300,000 Order With BioShield http://biz.yahoo.com/prnews/010612/attu020.html BioShield Gets $500,000 Cash Infusion http://biz.yahoo.com/prnews/010606/atw021.html The BioShield patents covering its technology can be viewed online at: http://www.delphion.com/ by either conducting a search on the name BioShield or entering the number of the patent: US06113815, US05954869 or US06120587. SOURCE: BioShield Technologies, Inc. BioShield Technologies, Inc. Announced Today That it Intends to Spin-Off Healthcare Network Solutions, Inc. (HNS) to Enrich Shareholders Value ATLANTA, Sept. 24 -- BioShield Technologies, Inc. (OTC Bulletin Board: BSTI) BioShield Technologies, Inc. (BSTI) announced that it intends to spin-off to its stockholders and on a 1 for 10 basis, a portion of those shares owned by Healthcare Network Solutions, Inc. (HNS). BioShield Technologies, Inc. founded HNS in April 2001 for the purpose of providing non-medical services to physician practices. It currently owns approximately 52% of all outstanding HNS common stock and expects to own approximately 35% post spin-off with the difference of 17% being owned by BioShield Technologies, Inc. shareholders. HNS expects to file a form 10SB registration statement with the SEC later this week at which additional information about HNS, its current and proposed business activities and its management team may be obtained at the SEC's website. Safe Harbor/Forward-looking Statements Statements in this news release that are not historical are forward- looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in any forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the company, including areas such as: developing technologies; dependence on collaborative partners; the inherent complexity and uncertainty regarding the development of products; early-stage development of BioShield the result of research and development efforts; future capital needs; uncertainty of additional funding; government regulations; and other factors which are detailed in the company's periodic reports and registration statements filed with the Securities and Exchange Commission BioShield does not undertake to revise or update any forward-looking statement to reflect events or circumstances that may arise after the date hereof. BioShield is a trademark of BioShield, Technologies, Inc. If you have received this by error or wish to be removed from our mailing list, please go to http://removeyou.com BioShield is on Target to Meet Projected 50% Growth, With First Time Quarter BioShield is on Target to Meet Projected 50% Growth, With First Time Quarter
Received on Wednesday, 26 September 2001 01:17:06 UTC