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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH. -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (898)	7/26/1999 7:59:00 AM
From: Ruby	Respond to of 1247

The leader will be selected by Oct. The trials were to finish by July 16th and were on schedule. They did go well. Everything in the original well-though out plan has been followed. Along with the contract for the leader, there are 2 small contracts for the remaining followers (3 million each) in order to get them in sync. for te next 2 lines. They should proceed quickly with the other lines. In the meantime other transit systems are awaiting the results of these trials and will likely follow NYCT. Now I will correct myself. Kasten should get about 10% of the contract. 10 million u.s. or 15 million cdn is for 1 line. There are 19 lines to be completed here alone. or 300 million cdn. With other transits moving into this technology, we should see exponential growth. So Next year may only see 3-4 million in additional revenue, but the following year should see 8-10 million and so on. The total scope of these projects are exciting and will lead to stability and major growth for Kasten. I did say the stock would double not be 10 times current price based on the NYCT contract. Versapath and RASP will be responsible for the other doublings.