Polar Molecular Holding Corp (fka POMH)

[testekleez]

Oops, it hasn't been years since a pr I was wrong about that though it has been a while....

http://tinyurl.com/2uuews

Polar Molecular Holding Corporation Announces Improved Financial Performance in 2005

Tuesday , April 04, 2006 08:30 ET

DENVER, Apr 04, 2006 (BUSINESS WIRE) -- Polar Molecular Holding Corporation (Pink Sheets:POMH) President and CEO Mark Nelson announced today that the company's financial performance, based on unaudited year-end financials for 2005 resulted in a 56% reduction of net losses compared to 2004. Net losses for the audited financials for the year ending December 31, 2004 were $3,194,721.09. Net losses for the year ending December 31, 2005 have been reduced to $1,412,927.85, a reduction of 56.1% (or $1,791,793.24) over the previous fiscal year ending December 31, 2004.

"Polar's Board of Directors and management team is working very hard to improve the company's financial results. The company hopes to bring its SEC financial reporting in line with requirements during the course of this spring and summer," stated Nelson. "Additionally, high fuel costs in North America are opening up new market opportunities for the company's proprietary DurAlt(R) fuel additive technology, which in turn, has increased the interest of investors as the company seeks additional working capital in order to exploit new market opportunities and to increase the company's revenue base", concluded Nelson.

About Polar Molecular Holding Corporation

Polar Molecular Holding Corporation is the parent of Polar Molecular Corporation. Polar Molecular Corporation develops and sells a proprietary line of fuel conditioners for gasoline, diesel fuel and industrial heating oils under the trademarked name DurAlt(R). DurAlt(R) products provide up to an 8-12% increase in fuel economy, up to 60% decrease in emissions, reduced engine octane requirement (3-5 octane numbers), a 2 number increase in Diesel fuel cetane rating, and up to a 20% decrease in engine maintenance.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE: Polar Molecular Holding Corporation

Polar Molecular Holding Corporation
Mark L. Nelson, 303-221-1908

Copyright Business Wire 2006