OSE USA INC (fka OSEE)

[mike306oh]

From tonight's PR:

http://biz.yahoo.com/bw/050331/315982.html?.v=1

"Revenue from the continuing operations for the twelve months ended December 31, 2004 were $4,331,000, compared with revenues of $3,294,000 for the same period one year ago. The Company reported a net loss applicable to common stockholders from continuing operations of ($1,292,000) or ($0.02) per diluted share for 2004, compared with a net loss of ($2,225,000) or ($0.04) per diluted share for 2003. The Company reported a net loss applicable to common stockholders of ($1,292,000) or ($0.02) per diluted share for 2004, compared with a restated net loss of ($7,774,000) or ($0.14) per diluted share for 2003."

Note: Oops, 2004 revenue ($4,331,000) increased 31.5%, compared with 2003 revenues ($3,294,000), and not with over 40% as I previosly posted. Good, clear PR, and with reduced loss, OSEE should be on its way back where once was. Asian business is picking up, and since this is an old company (in business since 1971 (?), yet it has a low float), I trust this as safe as one can get for a penny stock, and poised for rapid growth.

Mike
MF