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Gold/Mining/Energy : Unitec Int. Controls Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Richard Saunders who wrote (61)	1/14/1998 1:49:00 AM
From: John B. Smyth	Respond to of 856

We hope to be early with this years numbers for a change. There will be no surprises on our year end results. We stalled a bit in the last quarter due to slow cash flow, but are quickly picking it up. December was our biggest shipment month yet. We do not have a long enough history to interpret trends. The only trend I can point to is up. Our limitation is capital to finance our growth. Sales come in at all times of the year as our global base offsets any seasonal buying trends. Different corporate and government cultures have varying buying patterns, but the size of the projects we are winning cross multiple budget years offsetting patterns that can be followed. With several new additions to our staff, we are preparing a new business plan setting specific targets and objectives. I will have this prepared for a planned Directors Meeting January 23. When its finished and approved I will send you a copy if you wish. Regards, JBS