MotorVac Technologies Inc.: The Santa Ana designer...
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MotorVac Technologies Inc.: The Santa Ana designer and developer of a system for cleaning and repairing internal combustion engine fuel systems reported a net loss of $1.3 million, or 28 cents a share, for 1996, which included litigation expenses of about $293,000 and an increase in prices of about $242,000 by a former supplier. The company, which went public last April, recorded a net loss of $3.1 million for 1995. Sales rose 64% to $8.2 million from $5 million.
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