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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Nick Morvay who wrote (1146)	3/17/2001 2:14:13 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Hi Nick, Your in with APK-v @$.35 for 28,571 shares. Chart for Altek Power Corp.(APK-v): bigcharts.com Looking at this chart one sees the long-legged doji candle that formed on Wed. this candle often signifies a turning point and turn it did, right back up to the $.35 level. One point of note is the failure of the stock price to crack the $.35 level 3 times last week. With a rising Slow Stochastic from previous oversold conditions I would expect this stock to move upwards only if it can take out the $.35 level with force. Good luck with this pick next week, Al

To: Nick Morvay who wrote (1146)	3/22/2001 8:22:07 PM
From: Al Collard	Read Replies (2) \| Respond to of 11802

APK-v...news release: Altek signs final Fort Macleod JV agreement Mr. Dale Peterson reports Altek Power has signed a final joint venture agreement with Texas-Australia Power Inc. of Wichita Falls, Tex., known as the Fort Macleod joint venture agreement. The purpose of the joint venture is to acquire 10 acres of land in Fort Macleod, Alta., develop an electrical power plant on the land and operate the project thereafter. The first phase of the project is intended to produce between 40 and 50 megawatts of electricity, which will be sold to the Power Pool of Alberta, together with the generation of thermal power for local businesses and institutions. A second phase is also planned for the project to boost electrical output to 100 megawatts. The second phase will commence once the first phase has been completed and commissioned, and appropriate equipment has been procured. A new Alberta corporation, Altek - Texas Power Inc. (ATP) is being incorporated for the purpose of holding all of the assets including the land, building, power generation and infrastructure of the joint venture. Texas-Australia Power Inc. will hold 50 per cent of the issued shares of ATP and Altek will hold 50 per cent of the issued shares of ATP. The board of directors of ATP will comprise two members designated by Texas-Australia Power and two member designated by Altek. The term of the joint venture is 40 years. Generally, the joint venture will receive contributions from Texas-Australia Power and Altek equally. These contributions will be in the form of equipment for the project and cash. The joint venture facilitates the development and continuing operation of the power plant. Actual costs for the project are currently being developed and the resultant capital budget will set out the capital requirements for the project. Once the project is operational, the joint venture agreement provides that all profits and losses will be allocated equally to Texas-Australia Power and to Altek.