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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy) -- Ignore unavailable to you. Want to Upgrade?

To: Saverio who wrote (271)	2/24/1998 4:44:00 PM
From: Saverio	Read Replies (1) \| Respond to of 1208

TCT Announces Third Quarter Financials CALGARY, ALBERTA--Thermal Control Technologies Corp. (ASE:TCT NASD OTC BB:TCTCF) is pleased to announce the financial results of the Company for the nine month period ended December 31, 1997. Revenues for the nine month period ended December 31, 1997 were $5,368,888 as compared to $1,029,042 for the same period in 1996. Net earnings for the nine month period were $1,537,354 as compared to $325,277 for the same period in 1996. Pre-tax net earnings per share for the nine month period were 13.7 cents per share based on a weighted average of 12,279,719 issued and outstanding common shares. The fully diluted earnings per share are 11.3 based on 13,794,178 common shares. This compares to net earnings of 0 cents per share for the same period in 1996. Shareholder's equity reached $6,914,773 as compared to $4,195,359 for the same period in 1996. TCT is a manufacturer of advanced heat exchange equipment for sale and distribution into the automotive, heavy duty truck and industrial equipment, agricultural and marine aftermarket. TCT's main product line is a revolutionary charge air cooler for aftermarket installation on Class 8 heavy duty trucks and buses. For further information on TCT and for a copy of the complete statement, please contact TCT at 1-800-230-6061 or visit TCT's web site at cadvision.com. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Thermal Control Technologies Corp. Blaine Maller President & CEO (403) 543-1300 (403) 543-1313 (FAX) tct@cadvision.com cadvision.com THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN