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To: Instock who wrote (480)	1/6/1998 6:15:00 PM
From: Michael C. Woodward	Respond to of 1488

They are in a hot market (the former USSR). GIRC (Globus Int'l Resources Corp.) delivers food and non-food products such as clothing, automotive parts and paint to the Russian and CIS marketplace (formerly USSR). The company president stated that "We have expanded our food product lines to meet the ever growing requirements of our clients and hae entered into the non-food markets with better than expected results. The company has been able to take advantage of the ever increasing Russian markets and believes it is poised to continue its rapid raste of growth." Financials announced 1/6/98 11:40 AM EST 1997 1996 Net Change Sales $15,389,452 $9,987,751 + 54.1% Pre Tax Inc $ 273,497 $ (249,472) + $522,969 Pre Tax EPS $0.07 $ (0.09) + $ 0.16 Net Income $155,253 $(256,134) + $411,387 Net Inc per Share $.04 $ (.09) + $.13