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Gold/Mining/Energy : TECSYN (Toronto-TSN)

TSN 65.20

+0.3%

3:59 PM EST

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To: Steven Ivanyi who wrote (12)	7/17/1997 12:52:00 AM
From: Serge Collins	of 78

The company has made steady progress this year with quarter to quarter improvements in revenue and earnings. This seems to indicate that the company has legititmately turned things around. '97 Revenues ************ '97 EPS Q1 $13,671,986 ********** .005 Q2 $17,064,283 ********** .035 Q3 $24,802,134 ************ .07 This improvement augurs well going forward as costs have been pared, debt has been reduced and revenues continue to increase.

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