Mytec Technologies hopes to break even in 1999

Article Abstract:

Mytec Technologies Inc., which registered loss of C$8.9 million in year ending December 31, 1997, expects to break even in 1999. According to Thomas Grecco, Mytec's president and chief executive officer, the firms in not expecting to lodge a profit for the next two years, as firm is just entering commercialization of its biometric encryption technology, a technology that involves the linking of a small piece of digital data with a biometric, such as a fingerprint. The technology can be used to replace an access personal identification number or password. The firm had concentrated on the research and development of its biometric encryption technology for five years.

Comment:

Expects to break even in 1999, after recording loss of C$8.9 mil in year ending 12/31/97

Encryption/Decryption Equip, Other Communications Equipment Manufacturing, Cryptographic equipment, Mytec Technologies Inc., Article

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Request plays data card in oil patch

Article Abstract:

Request Seismic Surveys Ltd of Calgary, Alberta, posted a profit of C$2.7 million on sales of C$32.3 million for the year ended Dec 31, 1998, up by 403% and 44%, respectively. The company purchases, sells and commissions seismic survey work and then transmits results electronically to oil and gas companies. One of the company's potential growth areas is multiclient surveys where the company posted a 488% increase in sales to C$12 million in 1998.

Support Activities for Oil and Gas Operations, Oil & Gas Field Survey Svcs, Geophysical survey services, Request Seismic Surveys Ltd.

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Empire fails to reap rewards of deal

Article Abstract:

Diversified company Empire Co Ltd of Stellarton, NS, has posted earnings of $135 million in the fiscal year ended Apr 30, 1999, up by 54% from the year-ago period. Earnings from continuing operations reached $84.2 million in FY1998, up from $52.9 million in 1997, and $42.1 million in FY96. The company has also announced in mid-Aug 1999 a deal to sell is 24.6% stake in US grocer Hannaford Bros Co for $1.2 billion

Diversified Companies, Empire Company Ltd.

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