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Gold/Mining/Energy : CEU - China pager and emerging IDC -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dydo who wrote (12)	4/26/2000 1:50:00 PM
From: Robert Dydo	Read Replies (1) \| Respond to of 26

Concept Industries Inc CEU Shares issued 6,457,822 2000-04-11 close $1.06 Wednesday Apr 12 2000 Mr. William Jung reports Two major international telecommunications systems and equipment solution providers have each agreed to install its two-way wireless messaging test system in the capital city of Jinan in Shandong province in the People's Republic of China. Each system will be tested under full operating conditions so that management can assess its performance before making a selection. The first system is slated for installation in May and the second is scheduled for early July of this year. Due to its efficiency and cost-effectiveness, electronic mail or E-mail is very widely used today and growing. Wireless messaging services are already dominating the way in how messages are being sent and received since it is a more effective and efficient way of managing information and messages without the necessity of a personal computer or being connected to the office. For example, America Online (AOL) members on a daily basis send and receive 110 million E-mails as compared with in excess of 600 million wireless messages being sent and received daily through AOL's Instant Messenger services. The new wireless hand-held devices allow users to send messages to pagers, fax machines, cellular telephones and personal computers. Since announcing the wireless messaging licence in the March 15, 2000, news release, the company's technical personnel has been working diligently to advance this initiative. Management strongly believes that wireless messaging will be the wave of the future in terms of how messages are sent and received in China. The company has a paging joint venture with a subsidiary company of the Shandong provincial government that operates paging systems in 13 cities in Shandong province and currently has in excess of 375,000 subscribers. Management plans to develop and incorporate a wireless messaging network into the existing paging infrastructure as quickly as possible so that the company is positioned to capture a part of the immense wireless messaging market expected in China. Recently while in China, management and officials of Jitong Telecommunications Co. Ltd. undertook a preliminary review of the Internet data centre project presentation and certain areas were identified for further consideration. Management is currently in process of completing these additional requirements. WARNING: The company relies on litigation protection for "forward-looking" statements.