Unitec Int. Controls Inc. Message Board

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

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To: Technopeasant who wrote (314)	4/13/1998 12:37:00 PM
From: John B. Smyth	Read Replies (2) of 856

Thanks for the leads. I intend to send new releases directly to the three uppermost. In the past we relied on another firm to disseminate the releases. Canada Stockwatch does pick them up as I get the feedback directly from them, even notices when Chris Bunka has written us up. I haven't heard of Wrights Investor Service. Do you have an address, fax or email for them? No doubt we need more base coverage. With limited resources over the past while, we have been allocating most of it to the production side of the business. Getting orders hasn't been the problem over the last year. Getting the orders out the door has. Limited financing capability due to our weak financial statements has been the major problem. Being on the VSE attracts a lot of people with motives for "quick bucks". Several have come to the Company with offers to finance, promote or both. All proved to have little interest in building the Company over the long term. One that I recall vividly who offered to finance only part of one of the $million contracts we received. The contract was expected to run 12 months. He offered roughly 25% of what we needed for 90 days with an interest and bonus that averaged 50%. He was surprised that I politely showed him the door without further discussion. Three others over the past two years have made claims about how well connected they were (and indeed two of them were) to the markets and offered to help move the stock back up. Nothing happened, both seemed to have their own agenda, or other interests which served them better at the lower price. Most of the mainstream houses have advised me to maintain focus on the business. "Grow the business and the market will notice" has been that message. If I don't get the sales up and generate cash flow and earnings, no amount of promotion will help. Hence my focus on the business side. For those that don't mind the higher risk with our weak balance sheet (although it is much stronger now than it has ever been), our low price is an excellent opportunity for patient investment. Hope I can leave a few more trails to our Company. Any help you care to offer will be gratefully received. Hope the family survives dinner! Best regards, John

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