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Gold/Mining/Energy : TRQLF (Triquanta)

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To: Offworld who wrote (18)1/31/1998 9:43:00 AM
From: Jack Levey  Read Replies (1) of 26
 
Doug, I got a reply from TQT - not personal, but a reply none-the-less.

UPDATE-JAN. 27, 1998

You have reached Triquanta Investments and Bob Messenger

As most of you are aware the company's share were Cease traded for failure to file audited financial statements on December 4, 1997.
The audit for Triquanta is now nearing completion. Unfortunately the auditors are insisting on making a one day trip to San Diego to view the operation and talk to Senior Management. This trip will be done the week of Feb. 1st and should give us an audited statement the following week. We will keep you updated on a date for the resumption of trading.

In regard to Access, we should have our operation up and running in Las Vegas by the end of January. We have completed the hardware installation and are now awaiting the installation of some software to interface between NexTel and Worldcom. Since November when Access signed up 169 subscribers, we have had 318 sign-ups in December and look to be on course to sign up over 500 in January. Since 96% of these sign ups are on an annual basis our cash flow has jumped from $22,000 to $39,000, to a projected $59,000 in the months of Nov., Dec., and Jan. The company is in the process of raising funding for both working capital and to strengthen the expansion of Access. To this end we have packages with two money sources in Alberta and one in B.C.

If you require further information you may try to reach me at 604-732-4354.
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