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Gold/Mining/Energy : Urban Resource Tech. (URT-Alberta)
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To: Ronald P. Margraf Sr. who wrote (65)1/9/1997 11:23:00 PM
From: Patrick Franchuk   of 288
 
Urban has talked the talk now they have to walk the walk.

This company has up until six months ago spent all their
money on R and D and what they now need is a sale of just
one of their plants to get the ball rolling. The main reason
why they are concentrating on these countries that do not
have an abundance of wood is because it is far cheaper to
produce the fibre-plast product than wood. Evan in North
America they can produce railway ties cheaper than the
competition is just one example of the many lower cost
use for this garbage, but they could never compete in North
America with plain old wood.

They are working very hard on closing some deals for their
plants - China and South Africa look very promising. Now
that they are out of the R and D stage they are concenrtrating
on SALES, SALES, SALES! As for the Jan 21, deadline it is flexable,
I think that should be the least of our worries. As for the
team Canada trade mission Urban will are not going this year because
of lack of money.

This company reminds me of the Canadian Football
League because its a great product, but they can't make a buck.
Lets have faith these plants start popping up.

Pat Franchuk
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