CalciTech Files Six Months Results.HAMILTON Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , Bermuda Bermuda (bûrmy  `də), British dependency (2005 est. pop. 65,400), 21 sq mi (53 sq km), comprising some 150 coral rocks, islets, and islands (of which some 20 are inhabited), in the -- CalciTech Ltd. (OTCBB OTCBBSee OTC Bulletin Board (OTCBB). :CLKTF)(Freiverkehr:XCH XCH Exchange XCH Christmas Island (airport code) XCH Extended Channel ) has filed with the SEC through Edgar and additionally with Sedar, the Company's unaudited Consolidated Report and Financial Statements for the six months ended August 31, 2004. Amounts referred to below are in thousands of US dollars. The accounts for the six month period show a net loss of $900 as compared with $1,643 for the same period to August 31, 2003. Research and development costs expensed have increased to $193 as compared with $177 for the previous year. This was mainly due to costs related to increased sample production in order to cope with industry demand. The Company has also earned revenue from the sale of Synthetic Calcium Carbonate calcium carbonate, CaCO3, white chemical compound that is the most common nonsiliceous mineral. It occurs in two crystal forms: calcite, which is hexagonal, and aragonite, which is rhombohedral. ("SCC SCC - strongly connected component ") samples, which amounted to $28. General and administrative expenses decreased from $865 to $601. Costs across the board were reduced by 24%, which would have been 34% if the US Dollar/Euro exchange rate had not declined. CalciTech has developed a new and patented technology that converts industrial lime waste with carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. into a high quality specialty mineral, Synthetic Calcium Carbonate (SCC). CalciTech's first sub-micron products are aimed at the high-end coatings segment of the paper industry. With its technological capabilities, CalciTech will continue to develop the product potential into other areas such as nano-powders. The Company is currently operating a small-scale production facility in Germany, which produces samples for the paper industry. This press release contains "forward looking statements" including forward looking statements as that term is defined in Section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Statements in this press release which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements which are subject to a number of contingencies Contingencies (ISSN 1048-9851) is the bimonthly magazine of the American Academy of Actuaries, providing a large and diverse readership with general interest and technical articles on a wide range of issues related to the actuarial profession. and uncertainties, including, but not limited to, market acceptance for CalciTech products, manufacturing of CalciTech products in a commercial setting, obtaining adequate financing and construction management for products and obtaining appropriate permits. It is important to note that the Corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the Company's public filings with the Securities and Exchange Commission. No Stock Exchange has reviewed or accepted responsibility for the adequacy or accuracy of this press release. |
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