2003           2002           2001
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REVENUES (Notes 1 and 23)                             $  76,932,587   $ 70,537,046   $ 53,511,576

COST OF SALES (Notes 8, 18, 19 and 21)                   75,172,428     68,534,705     51,823,912
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GROSS PROFIT                                              1,760,159      2,002,341      1,687,664
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OPERATING EXPENSES
General and administrative (Notes 8, 18, 19 and 21)       7,086,307      6,225,935      5,663,733
Special charges (Notes 5, 8 and 16)                      12,895,769             --             --
Selling and marketing                                       762,071      1,146,760        965,403
Research and development                                    722,857      1,253,242        691,394
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      Total Operating Expenses                           21,467,004      8,625,937      7,320,530
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LOSS FROM OPERATIONS                                    (19,706,845)    (6,623,596)    (5,632,866)
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OTHER INCOME (EXPENSES)
Interest and bank charges (Notes 10, 12, 13 and 14)      (1,346,692)      (482,837)      (313,545)
Foreign exchange gains (losses) - net                      (243,218)        29,253        796,570
Interest income                                             132,886         82,319        414,226
Gain (loss) on disposal of property and equipment            (1,482)        38,741             --
Equity in net losses of an investee (Note 7)                   (112)           (87)          (425)
Early retirement costs (Note 18)                                 --             --       (679,884)
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      Total Other Income (Expenses)                      (1,458,618)      (332,611)       216,942
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LOSS BEFORE INCOME TAX                                  (21,165,463)    (6,956,207)    (5,415,924)
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PROVISION FOR (BENEFIT FROM)
   INCOME TAX (Note 17)
Current                                                       5,859             --         27,238
Deferred                                                   (178,640)         9,680        (30,066)
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      Total Provision for (Benefit from) Income Tax        (172,781)         9,680         (2,828)
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LOSS BEFORE MINORITY INTEREST                           (20,992,682)    (6,965,887)    (5,413,096)

MINORITY INTEREST                                           (10,840)        47,805        (94,781)
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NET LOSS (Note 25)                                     ($21,003,522)   ($6,918,082)   ($5,507,877)
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Weighted Average Number of Common Shares
   Outstanding (Note 25)                                 13,289,525     13,289,525     13,289,525
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Basic and Diluted Earnings Per Common Share
   (Note 25)                                                 ($1.58)        ($0.52)        ($0.41)
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