Replies to post #20 on OSE USA INC (fka OSEE)

[mike306oh]

It looks like OSEE starts awakening. No wonder, after the K last spring it went to above 0.1. Can it do the same this time around? Let's hope so. The ingredients are there:

From the last K (late last week): "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."

Plus:

Years Ended December 31

2002 2003 2004

Revenues $4,803 $3,294 $4,331

Operating expenses:
Selling, general and administrative
expenses 3,696 3,933 3,692

..............................................
..............................................

and, most important (to me, at least):

Net loss applicable to common stockholders
basic and diluted ($0.13) ($0.14) ($0.02)
Number of shares used to compute per share
data 73,092 56,695 56,726

700% reduction in net loss compared to 2003, yet no increase in the # of shares, to me this means a lot. If after the bad K last year the PPS went to over 0.1, with this much improvement in the numbers, I don't see why the market value (and implicitely the PPS) won't start going at least as high in the near future. Today was a good start. All we need is some volume. Lock up your shares folks. I trust this starts moving! As always, do your DD.

Mike

[mike306oh]

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

OSE USA, Inc.

http://eol.edgar-online.com/edgar_conv_html/2005/04/29/0001193125-05-089047.html#FIS_TOP_OF_DOCUMENT

TO THE STOCKHOLDERS:

NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of OSE USA, Inc., (the “Company”), will be held on Thursday, May 26, 2005, at 10:00 a.m., local time, at the Company’s offices at 2223 Old Oakland Road, San Jose, California, to consider and take action with respect to the following:

1. To elect four (4) directors to serve for the ensuing year and until their successors are duly elected and qualified.

2. To ratify the appointment of Grant Thornton LLP as independent auditors for the Company for the 2005 fiscal year.

3. To transact such other business as may properly come before the meeting or any adjournment thereof.

The foregoing items of business are more fully described in the Proxy Statement accompanying this Notice. Only stockholders of record at the close of business on April 1, 2005 are entitled to notice of and to vote at the meeting. All stockholders are cordially invited to attend the meeting in person. However, to assure your representation at the meeting, you are urged to mark, sign and return the enclosed proxy as promptly as possible in the postage-prepaid envelope enclosed for that purpose. Any stockholder attending the meeting may withdraw their proxy and vote in person, even if he or she has previously returned a proxy.


FOR THE BOARD OF DIRECTORS

/s/ E LTON L I
Elton Li, Secretary

San Jose, California

April 29, 2005