toxo - a mut have punt?, page-3

Financials look very positive. Average monthly revenues for 2003/2004 year were $345,600. December 04 saw monthly revenues up 55% to $577,000!!!

Debt levels appear to have dropped from $3,000,000 to $500,000 with a very substantial reduction in last years financing costs of $405,000 (down to $65,000 this year???) A substantial investment has also occurred into plant and equipment to boost sales revenues further. Cash is $740,000.

The recent fundraising of $2,000,000 helped reduce debt and provide cash to very substantially ramp up future revenue growth. Balance sheet numbers for Dec. half of 2004 should be available soon BUT it is already apparent that TOX is turning into a profitable AND growing business. At its current valuation of 3.1 cents TOX is worth $12.1 million IMHO we will see 10-15 cents a share within twelve months.