Press Release
| May 31, 2005 Press Release |
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| May 31, 2005 -- With the restructuring of the Company completed in the previous quarter, management focus during the quarter ended March 31, 2005 shifted to the identification and acquisition of new business opportunities. Management has reviewed several new business opportunities, but as of this date has not entered into advanced negotiations with any specific company. For the quarter ended March 31, 2005, NovaDx incurred a net loss of $17,767 ($0.01 loss per common share), compared to a net loss of $23,525 ($0.02 loss per common share) for the three months ended March 31, 2004 and; incurred a net loss of $60,564 ($0.04 loss per common share) for the nine months ended March 31, 2005, compared to a net loss of $72,196 ($0.07 loss per common share) for the nine months ended March 31, 2004. General and administrative expenses for the three months ended March 31, 2005 decreased by $5,758 to $17,767 ($23,525 for the three months ended March 31, 2004) and by $11,632 to 60,564 for the nine months ended March 31, 2005 ($72,196 for the nine months ended March 31, 2004). The decrease in expenses arose primarily as a result of the Company's restructuring being completed in the previous quarter. For more information, please contact Scott Ackerman at 1-866-824-8938. |