ImmuDyne Inc. Announces Fourth Quarter Results.Business Editors & Health/Medical Writers HOUSTON--(BUSINESS WIRE)--Nov. 15, 2001 ImmuDyne Inc. (ImmuDyne or the Company), a Texas-based nutraceuticals company specializing in dietary supplements Noun 1. dietary supplement - something added to complete a diet or to make up for a dietary deficiency diet - a prescribed selection of foods vitamin pill - a pill containing one or more vitamins; taken as a dietary supplement and skin care cosmetics cosmetics, preparations externally applied to change or enhance the beauty of skin, hair, nails, lips, and eyes. The use of body paint for ornamental and religious purposes has been common among primitive peoples from prehistoric times (see body-marking). , announced unaudited results for the fourth quarter and fiscal year ending Aug. 31, 2001. For the quarter ending Aug. 31, 2001, revenues were $329,668 as compared to $282,834 for the quarter ending Aug. 31, 2000, an increase of 14%. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. were $231,615 as compared to $175,421 a year ago, an increase of 32%. We sustained a profit of $42,031 during the current quarter compared to a loss of $21,632 a year ago. The profit of $42,031 is partly due to an increase in sales. The increase in operating expenses is due mainly to an increase in Research & Development. For the fiscal year ending Aug. 31, 2001, revenues were $1,401,440 plus a one time extraordinary gain of $99,999 for a total income of $1,501,439 as compared to $1,421,809 plus a one time extraordinary gain of $324,874 for a total income of $1,746,683 for the fiscal year ending Aug. 31, 2000, a total income decrease of 14%. Operating expenses were $838,517 as compared to $755,368 a year ago, an increase of 11%. Net profit was $118,142 as compared to $460,157 for the same period a year ago, a decrease of 74%. The decrease is due mainly to the difference of extraordinary gains in 2000 and the increase in Research & Development in 2001. About ImmuDyne Inc. ImmuDyne Inc. is a Texas-based nutraceuticals company specializing in scientifically based dietary supplements and skin care cosmetics. The common stock of ImmuDyne is quoted over-the-counter in the Pink Sheets under the symbol IMMD IMMD Immediate IMMD Institut für Mathematische Maschinen und Datenverarbeitung . For information contact Linda Fowler Linda Jane Fowler (née Glover) was a fictional character in the popular soap opera Emmerdale played by Tonicha Jeronimo. Linda arrived in Emmerdale with the rest of her family in middle of 1994. 713/783-7034 or visit our Web site at www.immudyne.com. Certain statements in this release constitute "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. " within the meaning 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. |
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