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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Roger A. Babb who wrote (17273)2/3/1999 1:14:00 PM
From: Peter V  Read Replies (4) of 18691
 
WHere is everyone today? What do we think about ALTIF's runup on the press releases regarding hiring Prudential? (Yahoo also lists another press release regarding alternatives for mine assets, but the link is wrong)

biz.yahoo.com

Tuesday February 2, 6:02 am Eastern Time
Company Press Release
SOURCE: Altair International Inc.
Altair Retains Prudential
CODY, Wyo., Feb. 2 /PRNewswire/ -- Altair International Inc. (Nasdaq: ALTIF - news) today announced that it has retained Prudential Securities Incorporated to assist in exploring financing and strategic alternatives which will enable the Company to realize the full value of its mineral deposits in Tennessee. As reported earlier, the discovery of the Little Benton Deposit adjacent to the Camden Deposit effectively doubles the Company's estimated titanium resource. The increased size of the Camden/Little Benton titanium orebody to ''World Class'' status makes it a strategically more valuable feedstock resource for the growing Ti02 pigment industry. Prudential Securities will assist the Company in identifying strategic partners and sources of capital to fully develop these mineral deposits.

Altair International is in the final development stages of commercializing its state-of-the-art technology, the Altair Centrifugal Jig, which recovers extremely fine, heavy particulate matter using a combination of a mechanical jig and centrifugal force. Potential applications include gold/mineral recovery, coal cleaning and environmental remediation. Altair is the 100% owner of a large titanium/zircon mineral deposit in Tennessee.

This press release may be deemed to contain certain forward-looking statements . . .
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