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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Dale Mackenzie who wrote (13097)	3/9/1999 11:10:00 AM
From: Joe Copia	Read Replies (6) of 25711

Anyone have news on MRPS? Possible patent problems with CTRL. Does not sound good. Obviously a shorters rumor: To: D. RUTTER (2976 ) From: Joe-MA Tuesday, Mar 9 1999 10:51AM ET Reply # of 2995 **Important MRPS response to CTRL* I talked with Jimmy Gayle this am- 9:40 or so about the CTRL email to a number of us ast night as well as the conversation I had with Bob Roche of CTRL and also asked the questions posed here while I was on the phone. Mr. Gayle says he purchased all rights to Ultraphonics product from the original company not CTRL. Originally Ultraphonics of N.A. (precursor to MRPS) were buying boards from the original company UltraphonicsUSA but that arrangement did not work out - so ULTRA N.A. bought everything from them and proceeded to further design and modify and devlop the product themselves.(in 1990 i believe) CTRL - five years later - actually bought 15 units from Gayle and were going to sell them. Mr. Roche apparently got intersted in the product and Ultra N.A. and offered to buy them out. Gayle set a price and they met face to face to negotiate. NOTHING came of this. CTRL did not come up with asking price and Mr. Gayle walked away from the deal. (Funny side note: Jimmy mentioned that in the negotiation for the sale of the company Mr. Roche asked for air fare back from TN) Mr. Gayle says Mr. Roche purportedly went back to UltraUSA to buy the rights from them, but THEY WERE ALREADY SOLD to the precursor to MRPS - Mr. Gayle. The units for sale by CTRL on their web site, Mr. Gayle believes, are the original 15 units bought from MRPS in 1995!! Mr. Gayle through their attorney asked and I think secured a ban on CTRL from using the Ultraphonics label on any of their advertising. Again, the units listed on CTRL's web site are according to Mr. Gayle the units MRPS sold them. According to Mr. Gayle, CTRL has tried in the past to get MRPS trademark on Ultraphonics reversed - UNSUCCESSFULLY. Mr. gayle said that their patent attorney - Watley and Paterson (spelling?) is looking into the matter regarding CTRL - Mr. Gayle is reluctant to spend the necessary money - beyond the 10,000 already spent in restraining CTRL re trademark, but will reconsider in light of Mr. Roche's email. Other questions: re. the sale of shares of Rozzi and the IB 1.4mill. Mr. Rozzi was originally hired by MRPS before the IB to raise cash and bring the company public. He was given the 270,000(number?) shares for his efforts. He apparently did not perform. They tried to get shares back or stop the sale. Mr. Gayle thought that was successful but if not, the attorney will lokk into it The IB was a bank run by a Mr. Russo of Staten Island - who came in after Rozzi - who claimed they would straiten out the fallout from Rozzi. We know about the arbitration/legal action going on there. Mr. Gayles says they are #21 on the docket at NASD for a hearing and he is optimistic of getting redress from both Mr. Rozzi and Russo. I agreed to email Mr. Gayle the email from Mr. Roche and Mr. Gayle or his attorney Mr. David Clinefekter will email me all the particulars about the IB, the Rozzi thing, and the Roche claims. MORE GOOD NEWS: MRPS IS NOW IN discussions with 51 potential customers.** Mr. Gayle believes the good press from current larger customers is spreading. He shared this exciting comment. A Goodyear rep at a NASCAR event said publically, (not verbatim but something very like, "We are going to revolutionalize tire manufacturing due to adances made by a little company in Tennessee." That's most of it folks - I hope I haven't lost the chance to buy more today.(forgive the typos here -and I'll correct anything later - this has taken a long time to write... Joe -MA

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