Trac’s parent sells more, loses less and wins financing

Sunday, June 1, 2003

June 2, 2003

SCHENECTADY, N.Y. - The business segment of Authentidate Holding Corp. that includes e-CMN mover Trac Medical boosted sales to $1.1 million for the first nine months of its current fiscal year.

That’s up from $41,704 over the same period the previous year. The same group tallied $4.1 million losses over those nine months.

Two weeks after reporting these 9-month results, Authentidate announced that it had completed a private financing of approximately $2.7 million.