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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge
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To: SAM-DAN who wrote (9438)9/20/2002 2:48:05 PM
From: Al Collard  Read Replies (1) of 11802
 
YWW-v...in the news:

World Wise provides activity review

Fri 20 Sept 2002

News Release

Mr. Craig Johnson reports

WORLD WISE TECHNOLOGIES- PRESIDENTIAL UPDATE
The following is a progress report from the president of World Wise,
Michael McLaren, on the recent activities of the company.
In regard to news in Stockwatch April 30, management is in continuous
dialogue with the customer. Testing of the product, which started in late
July, is under review with the client. At the request of the customer
during testing, it should be noted that the moulds received and supplied by
them have been modified from their original format to enhance the
performance of the product. Both World Wise and the customer are working in
concert to ensure that when the testing has been successfully completed
that there will be a seamless transition from the testing process to
production. If and when that step is achieved, World Wise will announce the
start of production of the product. Through the challenging state of the
economy, management anticipates increased order flow from its core clients
in the traditionally strong fall/winter season. Additionally, World Wise
has received expressions of interest in regard to certain non-core
technologies in the company's portfolio of developed products. These talks
are in the preliminary stages.
World Wise is looking forward to the coming months with cautious optimism.
And, as always, the company remains committed to regular dialogue with all
stakeholders.
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