Thermal Control Technologies Corp TCT (was Redux Energy) Message Board

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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)

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To: mike wood who wrote (1087)	9/24/1999 2:13:00 PM
From: Saverio	of 1208

Thermal Control first quarter results Thermal Control Technologies Corp TCT Shares issued 14,841,842 Sep 23 close $0.17 Fri 24 Sept 99 News Release Mr. William Wagner reports First quarter fiscal 1999 revenues were $376,975 as compared with $2,234,029 for the corresponding period in 1998. Basic earnings per share showed a loss of 6.5 cents as compared with a profit of three cents for the corresponding period in 1998. The company also announces that Cameron Schuler no longer acts in the capacity of investor relations and Blaire Hooper has resigned as vice-president of Canadian marketing and sales. The Calgary office is being maintained to accept phone calls for investor relations by Nathan Hansen. The company is in negotiations for the sale of the non-core assets in its Edmonton operation. The reason for the dramatic decrease in sales was because of the company's lack of financial resources to apply product to its customers.

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