Techcorp Industries is a new company involved in the design and development of proprietary products used in the oil service sector. Equipment that is manufactured by Techcorp is sold, rented, and leased on a long-term basis by energy companies and other oil service companies.
There are currently 12.95 million shares issued and outstanding, of which 9.8 million are held in escrow.
Techcorp's inaugural product is an Underbalanced Blowout Preventer, of which it has sold six units. Additional units are currently being manufactured, which are expected to be sold or utilized during 1998. The Corporation anticipates to be profitable during 1998, its first year of generating sales. |
