PerfectData Reports Loss in 3rd Quarter

PerfectData Corp. in Simi Valley reported a net loss of $102,000, or 3 cents per share, for the third quarter that ended Dec. 31.

This compared to a loss of $234,000, or 8 cents per share, for the same quarter a year earlier.

Company officials said the loss is related to the loss of a major customer in 1997. In the wake of that, management implemented many cost-cutting measures and plans to continue developing programs and acquire new business.

In December, the company announced the signing of an agreement to merge with Pego Systems of Long Beach. Pego is an engineering and manufacturing company and distributor of industrial-process equipment.

PerfectData holds a modest stake in Flamemaster Corp. The two companies, in a joint venture, own a small stake in El Guapo Spices, a profitable Los Angeles Latin food and spice company.

PerfectData and Flamemaster also own a stake in Staruni, an Internet services and Internet commerce provider. Cyberhotline, a division of Staruni, is a Los Angeles-based Internet service provider and Web marketer that recently announced that it surpassed 2,000 customers.

PerfectData designs computer, office-care and maintenance products and accessories.