MEGALITH CP (MEGH) Message Board

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Microcap & Penny Stocks : MEGALITH CP (MEGH)

MEGH 0.0001000

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Jan 9 9:30 AM EST

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To: zamir who wrote ()	4/25/1997 10:01:00 AM
From: rgerson	Read Replies (1) of 430

They are an elevator company that had been family run and had been quietly doing well for many years. They made hydraulic elevators which are less expensive than traction elevators and cannot go as fast or as high. They are good for freight and smaller buildings. Anyway the owner died and the family turned the company over to someone who ran it into bankruptcy. A Texan businessman has bought the company along with it's debt. He plans to grow the company in third world countries such as China and Korea where there is a building boom going on and there is a need for less expensive but reliable elevators. Unlike the United States the less developed countries are more concerned with cost than speed. Apparently they have plans to produce elevators in China in a partnership with a Chinese elevator firm and market these elevators worldwide but especially in China where there is a huge pent up demand. They also make elevator parts for other larger elevator companies and hold important patents for hydraulic elevators that they license out.

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