By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Fluorotechnics has reported that its preliminary fiscal-year 2011 revenues fell 67 percent from FY2010, as it continues to reorganize its business in a bid to stay afloat.

Separately, the Australian firm announced it has raised A$615,000 (US$646,807) for a planned acquisition in the "resources sector."

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