Thermo Tech Technologies (TTRIF) Message Board

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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: Nicholas P. Acquaviva Jr. who wrote (904)	6/20/1997 3:18:00 PM
From: Kit H. Lou	of 6467

Nick, if I may correct you... As far as I understand, the Ontario regional license agreement is off the table with the annoucement of the Oshawa and Niagara plants. This is actually better for shareholders long term in terms of revenues/earnings produced in the future with each new operating plant. Each new plant operating at full capacity is capable of producing C$8 million (could be wrong here?) or so in revenues per year. Why give up big chunks of potential money for a small income (license fee) upfront? I don't expect to see imminent regional license agreements in North America (maybe British Columbia is still under discussion), especially with the latest news release having Blount Parrish & Company, Inc. handling debt financing for new plants. We could see a license agreement with the Japanese group shortly, but this will probably be structured as a joint venture (no big upfront license fee). Just a conjecture of mine here based on information I gathered in the past year... The key to break even or profit is to put up many more new operating plants quickly, which I understand the company is poised to do now. Regards, Kit

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