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SELVAC REPORTS FISCAL THIRD QUARTER, NINE MONTHS RESULTS

 SELVAC REPORTS FISCAL THIRD QUARTER, NINE MONTHS RESULTS
 MARLBORO, Mass., May 8 /PRNewswire/ -- Selvac Corporation (NASDAQ: SLVC) today reported the following comparative consolidated results (unaudited) for the three and nine months ended Feb. 29, 1992 and Feb. 28, 1991:
 SELVAC CORPORATION
 Comparative Consolidated Results
 (unaudited)
 Periods ended Three months Nine months
 2/29/92 2/28/91(A) 2/29/92 2/28/91
 Net sales $1,090,244 $ 884,366 $3,421,095 $5,580,127
 Loss before
 discontinued
 operations (126,174) (647,222) (220,053) (375,650)
 Loss from discont.
 operations -- (41,934) -- (181,632)
 Net loss (126,174) (689,156) (220,053) (557,282)
 Net loss per
 common share:
 Cont. opers. $(.01) $(.04) $(.02) $(.03)
 Discontinued
 operations -- (.01) -- (.01)
 Net income $(.01) $(.05) $(.02) $(.04)
 Wtd. avg. common
 shares outstg. 16,099,818 14,587,207 14,789,341 14,768,793
 (A) Restated to reflect discontinued operations.
 -0- 5/8/92
 /CONTACT: Michael B. Freedman, president and COO of Selvac, 508-481-9495/
 (SLVC) CO: Selvac Corporation ST: Massachusetts IN: SU: ERN


TQ-SH -- NY057 -- 8169 05/08/92 15:03 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 8, 1992
Words:183
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