Ceramics Process Systems announces 1995 preliminary results.Systems Corp. (CPS (1) (Characters Per Second) The measurement of the speed of a serial printer or the speed of a data transfer between hardware devices or over a communications channel. CPS is equivalent to bytes per second. )(OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CPSX) today announced a preliminary net loss of $1.1 million, or $0.14 per share, on revenue of $1.4 million for the year ended Dec. 30, 1995. This compares with a net loss of $1.9 million, or $0.25 per share, on revenue of $1.2 million for the year ended Dec. 31, 1994. The 1994 loss included costs of $0.4 million incurred in the fit-up of the company's facility in connection with its relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. to Chartley, Mass., in 1994. The company announced that cash on hand at the end of 1995 was insufficient to meeting working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. through 1996. The company is pursuing financing alternatives but there is no assurance it will be successful in obtaining additional financing. The company also announced that Robert Charpie, Eric Linsley and Kim Clark have resigned from its board of directors. Grant Bennett, Kent Bowen and Francis Hughes Francis Hughes (Irish name: Proinsias Ó hÁodha; (28 February, 1956 – 12 May, 1981[1]) was an Irish republican and Official IRA (OIRA) volunteer, who later became a member of the Provisional Irish Republican Army (PIRA), and who participated in a number of continue to serve as directors. CPS develops, manufactures and markets advanced ceramic and metal-matrix composite products for packaging and interconnecting high-density, high-performance microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. . -0-
CERAMICS PROCESS SYSTEMS CORP.
(CPS)(OTC Bulletin Board: CPSX)
Dec. 30, Dec. 31,
1995 1994
(Preliminary)
Year Ended Revenues $ 1,387,022 $ 1,191,055 Net loss ($ 1,107,521) ($ 1,916,743) Loss per share ($0.14) ($0.25) Weighted avg. shares 7,675,000 7,581,000 Quarter Ended Revenues $ 480,983 $ 401,072 Net loss ($ 222,731) ($ 825,663) Loss per share ($0.03) ($0.11) Weighted avg. shares 7,758,000 7,588,000 CONTACT: Ceramics ceramics (sərăm`ĭks), materials made of nonmetallic minerals that have been permanently hardened by firing at a high temperature, or objects made of such materials. Process Systems Corp., Chartley Grant Bennett, 508/222-7282 |
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