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Technology Stocks : Xinex Networks

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To: Ruby who wrote (266)	12/23/1997 7:02:00 PM
From: moishe	Read Replies (2) of 693

I was glad to read that Xinex announced earlier today that they have received renewed financial support by Helix Investments of Toronto in the form of a $2 million bridge loan. As you probably know Helix is one of the leading Canadian venture capital firms. Their expertise in evaluating the potential of emerging growth technology companies is unquestionable. They have been the early financial backer of a number of "success stories" in the technology field in Canada and the U.S. in the last several years. No offense to the people at the VCC, but I believe that Helix' expertise in determining the technological value of Vortex is more specific. Helix has continually supported Xinex over the last 4-5 years and has not seen any return over that period of time. It is unusual for a venture capital firm to put in more money under such circumstances. Their endorsement should be viewed as more than an endorsement of the product but also one of management.

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