Article: Coretec Announces Second Quarter 2005 Results Second Quarter Sequential Revenue Growth of 2%

TORONTO, ONTARIO--(CCNMatthews - Aug. 4, 2005) - Coretec Inc. (TSX:CYY) today reported its financial results for the second quarter ended June 30, 2005. The Company recorded sales from continuing operations of $19.7 million in the quarter, a 6% decrease over sales of $21.0 million in the second quarter of 2004, although a 2% increase sequentially from the first quarter of 2005. Gross profit for the quarter was $4.3 million or 22% of sales compared to $6.2 million or 30% of sales in the second quarter of 2004. Sequentially, gross profit increased 4% from gross profit of $4.1 million or 21% of sales in the first quarter of 2005. The Company recorded a loss per share in the quarter of $0.07 ...

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