United Industrial Services (UIS/ASE) Message Board

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Gold/Mining/Energy : United Industrial Services (UIS/ASE)

UIS 3.210

+2.6%

Jan 9 9:30 AM EST

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To: SAM-DAN who wrote (66)	6/30/1999 4:30:00 PM
From: SAM-DAN	Read Replies (1) of 90

Following was taken from UIS website. ANNUAL GENERAL MEETING - PRESIDENT'S MESSAGE June 29, 1999 ANNUAL GENERAL MEETING PRESIDENT'S MESSAGE WHAT A PLEASURE IT IS TO STAND BEFORE YOU TODAY AND PERSONALLY ANNOUNCE TO YOU THAT ALBERTA'S NEWEST SILICA SAND PLANT IS UP AND OPERATING. WE HAVE WORKED LONG AND HARD OVER THESE PAST TWO YEARS TO ACCOMPLISH THIS DREAM. OUR MEETING TODAY WAS PURPOSELY DELAYED TO LATE JUNE TO INSURE THAT I WOULD NOT STAND BEFORE YOU, AS I HAVE FOR THE PAST TWO YEARS, AND TALK OF THE FUTURE OPENING OF THIS PLANT. I AM SURE THAT YOU HAVE ALL NOTICED THE RECENT FRONT PAGE ARTICLE PUBLISHED LAST FRIDAY IN THE CALGARY HERALD AND THE EDMONTON JOURNAL. TO FORMALIZE THE OPENING OF THE PLANT, THE COMPANY ANNOUNCED THIS MORNING THAT THE COMMISSIONING PHAZE OF THE PLANT IS COMPLETE. I HAVE A VIDEO TO PLAY FOR YOU THIS AFTERNOON SHOWING THE PLANT. THIS WAS AIRED ON BUSINESS TELEVISION ON THE PRIME NETWORK LAST WEEK AND WAS SHOWN ACROSS CANADA SIX DIFFERENT TIMES. FOR SOME OF YOU WHO HAVE NOT SEEN THIS I WOULD LIKE TO SHOW THE VIDEO NOW. I AM GOING TO LET YOU ALL IN ON A SECRET THAT MY BOARD AND I HAVE KNOWN FOR A LONG TIME. IT ALSO HAS BEEN KNOWN BY OUR INVESTMENT BANKERS AND TRADITIONAL BANKERS FOR SOME TIME NOW AND ANSWERS IN PART WHY A START- UP COMPANY CAN RAISE EQUITY MONEY ON A BOUGHT DEAL BASIS AND BORROW SEVERAL MILLIONS OF DOLLARS FROM THE ALBERTA TREASURY BRANCH. BY VIRTUE OF THE PLANT UP AND OPERATING - THE SILICA SAND DEPOSIT IS NOW A BANKABLE ASSET. WE HAVE THE ABILITY NOW TO LEVERAGE THIS DEPOSIT WHEN WE SO DESIRE FOR HUNDREDS OF MILLIONS OF DOLLARS FOR THE INVESTMENT IN SECONDARY AND TRESARY INDUSTRIES IN RETURN FOR LONG-TERM SUPPLY CONTRACTS OF SILICA SAND. AS YOU SAW ON THE VIDEO, WHETHER WE USE 48 MILLION TONNES OR 200 MILLION TONNES, AT A CONSERVATIVE $10 PER TONNE, HUNDREDS OF MILLIONS OF DOLLARS ARE NOW AVAILABLE. IT IS ONLY A MATTER OF TIME BEFORE THIS WILL BE REFLECTED IN OUR STOCK PRICE. MY MANAGEMENT TEAM AND I WILL BE GOING ACROSS THE COUNTRY THIS FALL TELLING THE UNITED STORY AND I HAVE ACCEPTED FEATURED SPEAKER ENGAGEMENTS IN OCTOBER AND DECEMBER IN VARIOUS INDUSTRIAL MINERAL ORGANIZATIONS BASED IN TORONTO AND MONTREAL. THE WORD WILL GET OUT. OUR SILICA SAND SHAKES ARE UNDER TEST CURRENTLY AND APPROPRIATE ANNOUNCEMENTS WILL BE MADE WHEN APPROVALS ARE RECEIVED. OUR SYN FRAC PRODUCT HAS BEEN SHELVED FOR NOW IN THAT OUR PARTNER HAS EXPERIENCED FINANCIAL DIFFICULTY AS OF LATE. WHEN HIS HOUSE IS IN ORDER, WE WILL PURSUE THIS AGAIN IN EARNEST. OUR RECENT PROSPECTUS WAS FILED IN EARLY JUNE AND SHOULD CLEAR THE VARIOUS COMMISSIONS BEFORE THE SEPTEMBER DEADLINE. THAT BRINGS TO A CLOSE MY REMARKS FOR THIS YEAR. IT HAS BEEN A VERY STRESSFUL BUT EXCITING YEAR FOR ALL OF US. WE HAVE WORKED TWO YEARS TO ACHIEVE THIS STATUS AND NOW THE MAIN CHALLENGE WE HAVE NOW IS MARKETING AND WE ARE READY. TARGET IS READY AND OUR MARKETING TEAM WITHIN THE COMPANY HAS BEEN FORMULATED. IN FACT, MY ENTIRE MANAGEMENT TEAM WILL BE WEARING A MARKETING HAT FROM NOW ON. What an amazing stoty.The fact that the Markets have not yet realized how powerful this company is and will become ,only gives us a chance to increase our holdings before reality steps in.We will do a more indepth analyses in a later posting.But the potential of this company is tremendous.Management can take great pride in doing what many said couldn't be done.Nothing can stop them now.

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