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HQNT (OTCBB) H-Quotient, Inc., Announces Earnings Target Revised Upward; Doubling Projected for 2003

TUESDAY , DECEMBER 03, 2002 09:08 AM

VIENNA, Va., Dec 3, 2002 (BUSINESS WIRE) -- H-Quotient, Inc., (OTC Bulletin Board:HQNT) confirmed that its earnings target of $.10 to $.12 for the year ending December 31, 2002, (earnings for the nine months ending September 30, 2002 were $.07 per share) has been revised upward to $.11 to $.13 per share.

Earnings for 2003 are projected to be more than double this number.

All divisions are profitable. DataQual II and LinkQuotient continue to show strong growth. Quotient Capital, the company's investment division, is witnessing steady gains. The Financing/Factoring/Distribution Division has booked substantial sales, which are reflected in the company's increased receivables.

The company's new products, LabQuotient and BloodQuotient, continue on track, with significant sales of the former being posted.

CEO and President Douglas A. Cohn said, "Once again, H-Quotient is having a record year, and next year is conservatively projected to more than double this year. This is a result of a business plan that emphasizes highly qualified employees, outsourcing to renowned contractors, cost controls, new products and markets, a light debt load, and broad diversification. The company's base has been solidified and we are preparing to make a quantum leap."

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

For more information visit the H-Quotient web site at www.hquotient.com.



CONTACT: H-Quotient, Inc.
Kathryn Kennard, 703/821-3434

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