Commodore Environmental Services, Inc. reports second quarter, six month results.NEW YORK--(BUSINESS WIRE)--Aug. 14, 1996--Commodore Environmental Services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, , Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :COES COES College of Engineering and Science COES Committee on Open Electronic Systems COES Clinical Operational Equipment Sets ) today announced financial results for the three and six month periods ended June June: see month. 30, 1996. (See Table) -0-
Condensed Statement of Operations
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
1996 1995 1996 1995
Net Revenues 38,000 160,000 166,000 328,000 Net Loss $(1,374,000) $(953,000) $(2,423,000) $(1,797,000) Net Loss Per Share $ (.02) $ (.02) $ (.04) $ (.03) Weighted Average Number of Shares Outstanding: 56,840,000 56,260,000 56,840,000 56,160,000 Note: Common stock equivalents are not included in the net loss per share calculation since they are not dilutive.
The boards of both Commodore Environmental Services, Inc. and
Lanxide Corporation [OTC Bulletin Board: LNXI] recently appointed
special committees to independently review and report their
recommendations on a proposal by which the Company and Lanxide would
each merge into a new holding company with stockholders of each
company receiving 50% of the shares of the holding company. The
transaction would be subject to certain conditions, including a
financing of approximately $150 million for the new holding company
and the approval of the stockholders of both Commodore and Lanxide.
No assurances can be given that this transaction will be consummated
as proposed or at all.
Commodore Environmental Services, Inc. has been involved in
environmental material process technology since 1986. On June 28,
1996, Commodore Environmental Services' formerly wholly-owned
subsidiary, Commodore Applied Technologies, Inc. (AMEX: CXI),
successfully completed its initial public offering of common stock
and redeemable warrants, raising gross proceeds of $35,075,000.
Commodore Applied Technologies, Inc. is commercializing its patented
solvated electron process, which has been awarded the U.S. EPA's
first ever portable, non-thermal, nationwide permit for PCB
destruction. This process also destroys chemical warfare agents and
concentrates certain radioactive wastes for more effective disposal.
Commodore Environmental Services has retained 72% ownership of
Commodore Applied Technologies, Inc.
CONTACT: Commodore One of the first personal computer companies. In 1977, Commodore Business Machines, West Chester, PA, introduced the PET computer and launched the personal computer industry along with Apple and Radio Shack. In 1982, it introduced the Commodore 64 (64K RAM) and later the Commodore 128. Environmental Services, Inc. Melissa melissa: see bee balm. C. Berkowitz Berkowitz is a surname. Famous people with this name include:
(212) 308-5800 OR The Equity Group Inc. Terry Hosmer (212) 836-9610 Robert Goldstein Gold·stein , Joseph Leonard Born 1940. American biochemist. He shared a 1985 Nobel Prize for discoveries related to cholesterol metabolism. (212) 371-8660 |
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