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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: Honor+Integrity who wrote (8366)9/13/2000 8:44:35 AM
From: Honor+Integrity  Respond to of 11130
 
Sorry. Thought better about making that last post, but the 15 minutes had passed. Couldn't pull it.



To: Honor+Integrity who wrote (8366)9/13/2000 10:12:28 AM
From: Wayne Rumball  Read Replies (2) | Respond to of 11130
 
Well I guess most already figured out it's CTHZ. From
yesterday's filing it seems they finally decided to do
something;

During fiscal 2000, the Company's future business direction was
established. At May 31, 2000, the Company's business consisted of: (I) an
interest in MedClixx, Inc., which will provide IT Enabled Services, (2) Water
Treatment Technologies, Inc. and Global Patent Development Corp., which will
market a proprietary invention related to the on-site production of chlorine gas
and related compounds, (3) an interest in a radiation therapy center under
development located in Logan, West Virginia, (4) a subsidiary (CTI Management
Corp.) through which the Company's president provides management services, and
(5) an office condominium located in Hollywood, Florida which is currently under
contract for sale.

IT-Enabled Services

The Company has positioned itself to be able to offer high quality
services enabled by information technology (""IT-Enabled Services) to the
healthcare providers and insurance carriers. IT-Enabled Services include medical
transcriptions, billing and collecting, bookkeeping and claims processing
services. The Company has affiliated with a well-established, Indian-based
IT-Enabled Service provider and it is expected that MedClixx, Inc. ("MedClixx")
will offer the IT-Enabled Services worldwide during fiscal 2001. MedClixx was
formed as a subsidiary of Blue Gold USA, Inc., a wholly-owned subsidiary of the
Company.

Water Treatment

On February 25, 2000, the Company (through Global Patent Development
Corporation, "Global") applied for a patent in South Africa for an invention
relating to a method and device for on-site generation of chlorine and related
gases, and a provisional patent was issued.

Chlorine gas is considered a hazardous substance and its transport and
storage is strictly regulated to avoid accidental spills. The new device would
prevent this hazard by enabling users to manufacture chlorine on-site and when
needed at a competitive cost. The Company believes that there would be demand
for the new device from water utilities and industrial users of chlorine.