USA: Frisby Revenues Fall 19.8 Per Cent, Needs Extra Capital
Frisby Technologies Inc, the company behind Comfortemp climate control materials, said revenues for 2001 decreased 19.8 percent to $8.2 million, from $10.2 million in the previous year. And in a statement Greg Frisby, chairman and chief executive officer, said: "We are currently projecting that we will need substantial additional capital to fund our operations beginning in the second quarter of 2002 and we are actively seeking such capital."
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