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MLXO: News! and the next leg up
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[QUOTE]Originally posted by sidestyle: [QB] Michelex Corp. Announces Audited Financials Completed 9:30a ET October 13, 2006 (Comtex) Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company") a plastic manufacturing company and an audio record production group announced today that their Auditors, Seligson & Giannattasio, LLP have completed the company's audited financials for 2004 and 2005. This will enable the company to have the 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board which is currently in process; however there can be no assurances as to when the 15 (c)(2)(11) will be approved or whether it will be approved at all. Thomas Gramuglia, CEO of Michelex announced that since it restarted production on July 10th, the company has been successful in regaining market share. The Company's August sales were up 140% over July, and September sales were up 70% over August. The company anticipates that their operating margins will increase due to the declining costs of polystyrene, the raw material used in manufacturing its products, which is predicated to the oil industry cost per barrel. [/QB][/QUOTE]
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