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Technology Stocks : UREC - URECOATS INTERNATIONAL (formerly WINA) ready now
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To: Cytotekk who wrote (125)5/13/1999 4:55:00 PM
From: Jim Bishop   of 199
 
By: CIMA
Reply To: 19 by sanchin108
Thursday, 13 May 1999 at 3:31 PM EDT
Post # of 22

I had a long talk with Larry Clemons this morning. He said he didn't know where the buying is coming from and didn't really care. He is
convinced the rubber sealant product UREC has is going to do to the world what velcro has done. They have other products as well
but are focusing on this compound at the present time. They have passed one of the UL tests and there are more to go. On the test
the product passed the lab is to note the failure point in the report. In this category the report said " exceeded the capability of the test
equipment". Larry is a believer and very excited about the long term prospects. He realizes previous management failed to follow
through and placed far too much paper into the market. When the time is right there could be a rollback of shares but he indicated that
would likely happen around positive news. At this point in time they are completing a legal forensic audit of the company's affairs. The
legal financial forensic audit has already been completed. They are very serious about getting their house in order and cleaning up the
past. I complained about the lack of shareholder news. He said a new website should be up by the end of the month and shareholders
will receive regular updates through the website. All in all, I was impressed with the enthusiasm, vision and in my view, the honesty of
Larry. I think I'll hold to see what the story brings!
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