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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (50410)	1/21/2000 6:40:00 PM
From: Anthony@Pacific	Read Replies (1) \| Respond to of 122087

ELSI<-----------During the nine months ended September 30, 1999, existing battery orders and contract work have not been adequate to sustain the Company on an ongoing basis and the Company continues to be dependent on cash payments from Kamkorp and its affiliates to continue operations on a day-to-day basis. As of November 15, 1999, the Company has not met its obligations to pay certain monthly operating costs including building rent, corporate liability insurance premiums, worker's compensation insurance premiums, telephone billings, property tax payments, employee health insurance premiums, equipment operating leases and numerous smaller operating costs. The Company anticipates that funds will be available from Kamkorp in an amount sufficient to alleviate this problem; however, Kamkorp is not obligated to provide additional funds, and there is no assurance that the funds will be forthcoming. The Company has approximately $750,000 of outstanding accounts payable greater than 30 days past due, most of which is payable to raw material suppliers, some of which date back to June 1998. Certain of these vendors have hreatened legal action for non-payment of invoices. One such vendor sued the Company in May 1999 for approximately $12,000 and the suit was settled in the third quarter. Another vendor sued the Company in October 1999 for approximately $12,000 and this suit has not yet been settled.