DiaSys Corp. Announces Continued Trend To Profitability.Business Editors WATERBURY, Conn.--(BUSINESS WIRE)--Jan. 29, 2003 DiaSys Corporation (AMEX AMEX See: American Stock Exchange : DYX DYX Dyslexia ) today noted that the Company recorded profitability for the month of December, 2002. DiaSys, which had reported increased revenues and reduced losses for the fiscal year ended June 30, 2002 and for the fiscal first quarter ended September 30, 2002, will be reporting results of operations for the fiscal second quarter and first half ended December 31, 2002 on or about February 14, 2003. Morris Silverman Morris "Marty" Silverman (1912 - 2006) was a Jewish-American philanthropist and businessman who donated millions of dollars to causes worldwide, mainly in health and science sectors. , DiaSys' newly named Chairman of the Board, stated: "December's profitability is very encouraging. It marks a continuing improvement. Our Board of Directors and management team will continue to focus on accelerating revenue growth and loss reduction as DiaSys moves toward overall profitability." DiaSys Corporation designs, develops, manufactures and distributes proprietary medical laboratory equipment, consumables and test kits to healthcare laboratories worldwide. Headquartered in Waterbury, CT, the Company operates in Europe through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. based in Wokingham, England and in Pacific Asia through its strategic business partner located in Guangzhou, China. This press release contains forward-looking statements within the meaning of, and made pursuant to, the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or events, or timing of events, relating to the Company to materially differ from those expressed or implied by such forward looking statements. DiaSys refers interested parties to its most recent Annual Report on Form 10-KSB and other SEC filings for a complete description of, and discussions about, the Company. |
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