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Gold/Mining/Energy : Carbite Golf Inc. Vancouver-CAB -- Ignore unavailable to you. Want to Upgrade?

To: eyewatch who wrote (172)	7/12/1999 7:36:00 PM
From: John Marcinko	Read Replies (2) \| Respond to of 209

Donner Corporation Upgrades to Buy Recommendation on Carbite Golf Thursday July 8, 12:00 pm Eastern Time Company Press Release SOURCE: Donner Corp. International SANTA ANA, Calif., July 8 /PRNewswire/ -- The following is being issued by Donner Corporation International, a member of the National Association of Securities Dealers, CRD number 37702. Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, Calif., today upgraded its recommendation on Carbite Golf Inc. (Vancouver: CAB - news), San Diego, Calif., to Buy from Speculative Buy. Carbite Golf produces the very popular Polar Balanced Series Putters, which do not twist with an off-center hit, significantly decreasing the possibility of a putt going in the wrong direction or losing distance. It also produces other clubs, which allow even the amateur to improve their score, based on the Company's proprietary powder metallurgy technology. The Donner report says golfers are willing to pay more for equipment if it will improve their game. The report says that Carbite Golf uses infomercials, public product demonstrations and direct response advertising to make the golfing community aware of its unique, effective clubs. ''Carbite's application of basic metallurgical science to the development and manufacturing of golf clubs sets this company apart from the others in this field,'' the Donner report says. For instance, the Polar Balanced Putters are manufactured utilizing a patented high-pressure diffusion process that fuses together dissimilar metals into a single club. Carbite utilizes lightweight titanium or aluminum in the hitting area of the putter and heavier, high-density tungsten in the heel and toe, reducing resistance to twisting by 60 percent compared to today's most popular club designs. The Donner report says Carbite Golf's wedges include a ''friction enhancing insert which provides a distinct advantage for golfers at various skill levels, enhancing the softness of feel and increasing playability.'' ''Over 80 professional golfers have used Carbite technology including the winner of the U.S. Open this year and in 1998 Carbite technology was found in the golf bags of the winners of all four major tours, the British Open, the U.S. Open, the Master's Championship and the PGA Championship. None of the golfers were compensated for using these clubs,'' the Donner report said, meaning that golfers use the clubs because they can win with them. ''We believe Carbite stock is undervalued considering the superiority of its products, its record sales in 1998 and continued strong sales in 1999, and the sound marketing strategy the Company has in place,'' the Donner report concluded. Copies of the report are available from Donner Corporation at 1-800-324-6050. Donner safe harbor statement The information contained herein is based on sources believed to be reliable but is not guaranteed by this Company and is not comprehensive. It is not to be construed as an offer or the solicitation of an offer to sell or buy securities mentioned herein. The Company, its members, affiliates and employees may have long or short positions, which could be substantial, in securities discussed or recommended and may purchase, sell, or trade these securities from time to time in the open market or otherwise. In addition, this Company may from time to time perform investment banking, corporate finance, provide services for, and solicit investment banking, corporate finance, or other business from the issuers of such securities. SOURCE: Donner Corp. International