MotorVac Technologies Inc.: The Santa Ana maker...
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MotorVac Technologies Inc.: The Santa Ana maker of systems for cleaning internal-combustion engines reported a third-quarter net loss of $58,436, or 1 cent a share, compared with a net loss of $126,902, or 3 cents a share, for the same period of the prior year. Sales declined 7% to $2.5 million from $2.7 million. For the nine months, the company reported net income of $281,606, or 6 cents a share, contrasted with a net loss of $936,306, or 23 cents a share, for the same 1996 period. Sales increased 24% to $7.2 million from $5.8 million.
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