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To: Alan Markoff who wrote (1903)	11/10/1997 11:24:00 PM
From: Michael Arrigotti	Read Replies (1) \| Respond to of 8835

Alan.. From the press release 10/31. It can be found on Yahoo News wire. Note that most of their profits are from existing silver, copper, gas and Oil projects. Their joint venture with MDIN (the gold mind that they own 20% of is not producing yet). Also Net Profit can be found across from Net Profit. Funny how that works isn't it. NPEC can gross another 2M before they start paying taxes. Not bad when you consider that their profit margin is 97%. You won't find margins like this in any industry except for oil and gas. Summary Consolidated Financial Information Year End 6 months to March 31, 1997 September 30,1997 Assets Current $1,164,860 $3,117,363 Property, Plant $2,601,580 $3,015,702 and Equipment Total $3,766,440 $6,133,065 Liabilities Current $160,477 $211,293 Long Term $305,179 $771,864 Total $465,626 $983,157 Shareholders Equity $3,300,814 $5,149,908 Gross Revenue $520,874 $2,320,799 Direct Expense $263,653 $387,905 Gross Profit $257,221 $1,932,894 Other Expenses $113,186 $83,800 Net Profit $144,035 $1,849,094 Note: No provision for income taxes are recorded as previous accumulated tax losses applicable to future income exceeds $4,000,000. Corporate Statement It is the intent of the officers and directors of NPEC to place our emphasis and dollars on those projects which will provide, in the immediate and long term, the highest cash flow and asset value to the Company.