Eye Dynamics' Earnings Exceed Expectations.Business Editors TORRANCE, Calif.--(BUSINESS WIRE)--Oct. 28, 2003 Eye Dynamics (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EYDY), today announced that its 3rd quarter and year to date profits are much higher than anticipated by company management. The higher earnings are the result of the 211% increase in revenue in the 3rd quarter over the same period a year ago. "Year to date net profit of $662,000 compares to $78,000 one year ago," said Charles Phillips, President of Eye Dynamics. "This profit translates to earnings per share of $0.03, fully diluted. Our EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ratio is very low at about 9, so there is a great deal of room for share prices to improve as we continue to increase revenues and generate profits. I am both optimistic and enthused about the future of the company." Eye Dynamics also disclosed that it has delivered a "Video/HGN System" to Pacific University (Forest Grove, OR) for use in various research projects. They relate to the development of better methods of training law enforcement and other security personnel in techniques for recognizing whether an individual may be impaired from drugs or alcohol. The Principal Investigator for the studies is Dr. Karl Citek, OD, PhD, FAAO FAAO, n.pr See Fellow of the American Academy of Osteopathy. , an Associate Professor of Optometry optometry (ŏptŏm`ətrē), eye-care specialty concerned with eye examination, determination of visual abilities, diagnosis of eye diseases and conditions, and the prescription of lenses and other corrective measures. at the College of Optometry with an expertise in eye signs related to drug/alcohol intoxication. About Eye Dynamics, Inc. Eye Dynamics is in the business of producing and marketing patented proprietary products and other services for the institutional, medical and government markets. The company is a leader in the Video ENG ENG electronystagmography. ENG abbr. electronystagmography ENG enzootic nasal granuloma. medical product market, having invented the Video ENG system and brought it to market in 1994. SafetyScope, the company's latest product, is designed for the "fitness-for-duty" screening of workers. SafetyScope is simple to use, takes only 90 seconds and does not require any body fluids like urine-based drug testing. It is based on the manual methods of evaluating eye responses of an individual to detect neurological signs of impairment used by law enforcement throughout the United States. To find out more about Eye Dynamics, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :EYDY), visit our web site at www.EYEDYNAMICS.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. . 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. for Forward Looking Statements This news release includes forward-looking statements that are made pursuant to the "safe harbor" 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. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. |
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