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

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To: Richard Saunders who wrote (288)	4/10/1998 2:55:00 AM
From: John B. Smyth	Read Replies (3) of 856

Chris Bunka continues to write us up, Richard. Following is the latest report I received from stockwatch which points to his pay for view link on Unitec: stockhouse.com Yorkton's technology analyst, John Panchuck, just released a 4 page Internal Report on us today. It's quite thorough and I understand it is being sent to all their branches. They have listed us as one of their 10 technology stock picks. They also arranged a visit to our plant last Monday from a significant western fund. It has taken time, but they are starting to get the word out. I'm sure they wouldn't mind if I faxed you a copy if you want to give me your fax number. Cash has always been tight for us. We have operated with a 6 and 7 figure working capital deficit over the past few years and still managed to double our sales each year. We now have a working capital surplus, but our order bookings grew by 600% last year which means we still have to allocate our resources judiciously. Receivables run mid to high 6 figures and payables run low to mid 6 figures. Best regards, John

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