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To: Beacon Light Holding who wrote (3804)	9/23/1999 12:32:00 PM
From: Pendretti	Read Replies (1) \| Respond to of 4080

Thanks Beacon Light, that clears things up. So the profit from Wellux in total gives already 4.5ct EPS. But the big profit has to come from the other businesses, right? Suppose next year you make the a 10% higher profit in Wellux and you make a profit of USD 2,5 mio in the other business (Hong Tex ...) like is expected by you, that means in total a profit of about USD 2,7 mio on a total of 24 mio shares (is this number still correct????). That would mean EPS of about USD 0.10 for next year, right??? So the company is now valued at 3 times next years expected earnings??? Should go easily to USD 1 IMO. Any comments? Regarding the press release, I think it was done totally wrong. You took the news which has a negative sound and put it in front of the positive news of earnings (in last paragraph). I know you cannot be negative about Niphix in an official statement but there must be a good reason why you didn't do it and I am happy it is not happening. Concentrate on core business. I think the future for Niphix is zero, IMO, and by the way, I never saw an article in the Bloomberg Magazine about this Niphix, correct??? I am anxious waiting for the audited numbers, any idea when they are finished? Rene.