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The St0ck to Watch
The St0ck to Watch
Wed, 18 Aug 2004 10:48:25 +0000
The Growth St0ck Report
Genex Pharmaceuticals (OTCBB: GENX) Press Release
Genex Pharmaceutical Sees StrOng Earnings Gr0wth for 2004 and 2005
Tuesday August 17, 10:26 am ET
NEW YORK--(BUSINESS WIRE)--Aug. 17, 2004--Genex Pharmaceutical, Inc.
(stock symbol: GENX),a Delaware corporation, is a profitable biomedical
technology company with a unique product for treating various
bone-related injuries called Reconstituted Bone Xenograft (RBX).
Approved by the Chinese Food & Drug Administration, RBX is suitable for
compound or complex bone fractures, compression fractures and
intractable fractures, bone defects, vertebral column or joint
rehabilitation and for bone absence after tumor removal such as a bone
cyst. The company announced financial results for its second quarter
ending June 30, 2004. The following are some of the highlights in its
recent quarterly filing with the SEC:
432% in-crease in revenue for Q2 2004 compared to Q2 2003.
874% in-crease in revenue for 6 months ended June 30, 2004 compared to
same period last year.
Significant in-crease in net inc0me for Q2 2004 compared to Q2 2003 and
for the 6 month period ended June 30, 2004 as compared to same period
380% in-crease in Gr0ss Pr0fit for Q2 2004 compared to Q2 2003.
840% in-crease in Gr0ss Pr0fit for 6 months ended June 30, 2004 compared
to same period last year.
"We are seeing significant in-creases in revenues and pr0fitability as
we respond to growing customer demand for RBX. We see continued earnings
momentum for 2004 and 2005," said Chairman and Chief Executive Mr. Fuzhi
(Press Release Source: Genex Pharmaceutical, Inc.)
About Genex Pharmaceutical, Inc.
Genex Pharmaceutical, Inc. is a biomedical technology company with
distinctive proprietary technology for an orthopedic device that treats
bone-related injuries. Headquartered in Tianjin, China, the Company
manufactures and distributes Reconstituted Bone Xenograft (RBX), to 400
hospitals in 22 provinces throughout mainland China. RBX offers a modern
alternative to traditional methods of treating orthopedic injuries.
Good Luck and Succesful Trading. Go GENEX!!
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statements" within the meaning of Section 27A of the Securities Act of
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time the statements are made that involve a number of risks and
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materially from those presently anticipated. F0RWARD looking statements
in this action may be identified through the use of words such as
"projects", "foresee", "expects", "will," "anticipates," "estimates,"
"believes," "understands" or that by statements indicating certain
actions "may," "could," or "might" occur. As with many micro-cap stocks,
today's company has additional risk factors worth noting. Those factors
include:a limited operating history, the company advancing cash to
related parties and a shareholder on an unsecured basis: one vendor, a
related party through a majority stockholder, supplies ninety-seven
percent of the company's raw materials: reliance on two customers for
over fifty percent of their business and numerous related party
transactions and the need to raise capital.These factors and others are
more fully spelled out in the company's SEC filings. We urge you to read
the those filings before you invest. The Growth ST0CK Report does not
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