Article: Ionic Fuel Technology Reports Fiscal Year 1999 Third Quarter and Nine Months Results.

Revenues Increase 153 Percent Over Second Fiscal Quarter

ESSEX, England, May 17 /PRNewswire/ -- Ionic Fuel Technology, Inc. (OTC Bulletin Board: IFTI; BSE: IFU) today announced total revenues increased 132 percent to $225,742 in the third quarter of the fiscal year ended March 31, 1999 from $97,196 for the same fiscal quarter last year. In addition, revenues this fiscal quarter registered a 153 percent increase over revenues of $89,293 reported in the second quarter of fiscal year 1999. The net loss for the third quarter of fiscal year 1999 was $367,221, or a net loss per share of ($.06). This compares to a net loss of $318,690, or a per share loss of ($.05), ...






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