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Gold/Mining/Energy : Unitec Int. Controls Inc.

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To: Richard Saunders who wrote (286)	4/9/1998 8:12:00 PM
From: John B. Smyth	Read Replies (2) of 856

I don't understand the first part, but we will be meeting with the auditor Monday to review the statements. I would expect to release them Wednesday allowing discussion and review by the audit committee. Our cash position is tight as usual, but we turned out a lot of goods in the first quarter and the cash flow is better now than it has been in a long time. We have secured project financing for the $4M project now, which bodes well for the remaining quarters. Had some very encouraging news from SE Asia today and expect to announce some new orders within the next few weeks. Two projects have been funded and we have been asked to write the specifications. Happy Easter. John

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