Electropure 9-Month Growth at 34% Over 2001.Business Editors LAGUNA HILLS La·gu·na Hills A city of southern California southeast of Santa Ana. Population: 33,600. , Calif.--(BUSINESS WIRE)--Sept. 18, 2002 Electropure Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ELTP ELTP Emergency Leave Transfer Program (US government) ) today reported that its subsidiary, Electropure EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. Inc., had strong growth and record revenues for the nine-month period ended July 31, 2002. Revenues for the first three quarters of FY2002, at nearly $1.1 million, are 34% higher than the same period in FY2001. Results are in line with management's estimates and confirm the growing opportunity for this technology. The company has an Oct. 31 year-end. The company's growth is based on the expanding need worldwide for industrial ultrapure water, and the market's acceptance of the company's electrodeionization (EDI) technology. Floyd Panning stated that, "Even during the current economic downturn, sales by our EDI subsidiary are growing at an increasing rate, requiring us to expand production." The company has noted the effects of a slowdown in the power generation industry, caused by the cancellation of multiple power projects in California. However, it sees the pharmaceutical water market booming worldwide. In July, Electropure announced that its Micro Imaging Technology subsidiary was granted a U.S. patent on a laser-based technology that will rapidly detect and identify harmful fluid and food-borne microbes. The company sees this new technology as a cost-effective, highly-accurate tool for testing food and water supplies that could well be a very timely means to help protect its resources and population. Electropure has headquarters at 23456 South Pointe pointe n. In ballet, dancing that is performed on the tips of the toes. [From French pointe (des pieds), point (of the feet), tiptoe; see point.] Drive, Laguna Hills, CA 92653. The company's telephone number is 949/770-9347 and fax is 949/770-9209. Visit Electropure's Web site at www.electropure-inc.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These forward-looking statements are based largely on the company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the company's control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors, including prevailing economic conditions, as they affect the water purification |
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