BOULDER CITY, Nev. (Nov. 6)—Amerityre Corp.'s net loss for fiscal 2001 nearly doubled from the previous year to $3.37 million, while sales were $116,336, according to the company's 10-K filing with the Securities and Exchange Commission. Amerityre—formerly American Tire Corp.—is a "development stage" company specializing on polyurethane technology for flat-free specialty tires. Since its inception in 1995, Amerityre has chalked up losses of $13.6 million on sales of $259,331. Amerityre also divulged it has terminated a sales and marketing agreement for its AirRiders flat-free bicycle tires with Focus Sales and Marketing L.L.C. after the deal produced "no significant sales" in the year since it was announced.
Amerityre posts $3.4 million loss in 2001
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