Finance

Howtek reports Q1 2002 financial results, update on merger plans

Published in Women's Health Weekly, June 13th, 2002

Howtek, Inc., (HOWT) announced a net loss of $521,122 for the first quarter of 2002, on sales of $775,633, compared with a net loss of $639,591 on sales of $1,513,604 during the first quarter of 2001.

According to Scott Parr, Howtek's president "In February 2002, we announced that Howtek had entered into a plan and agreement of merger with Intelligent Systems Software, Inc., (ISSI), a privately held company based in Boca Raton, Florida. ISSI recently received approval from the U.S. Food and Drug Administration to market its MammoReader Computer Aided Detection (CAD) system in the United States. ISSI's MammoReader system is designed to help in early detection of breast...

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Source: Women's Health Weekly (2002-06-13)

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