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Microcap & Penny Stocks : MEGALITH CP (MEGH) -- Ignore unavailable to you. Want to Upgrade?

To: Shoot1st who wrote (77)	4/29/1998 12:58:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 430

I am trying to verify the rumors .... this one is really meesed up and took a lot of people to the cleaners. ESCO is bankrupt and from what I can find the JV with China is it fact with MEGH not Esco. Now also the charters have some problems to. There is a lot to this one I have to do yet. do be do be dooooo I may have found my next LONG .... GB

To: Shoot1st who wrote (77)	4/29/1998 1:02:00 PM
From: Israel	Read Replies (1) \| Respond to of 430

From MEGH's 10QSB filing of Nov. 97.... Interesting... On January 16, 1997 Shaanxi Elevator Corp. in the Province of Shaanxi in China and Esco Elevator Corporation entered into a Joint Venture Agreement to manufacture and market a full line of hydraulic and traction elevators and related products. Under the terms of the agreement, the provincial government will provide a large plant capable of producing $100 million in products a year. Esco will equip and manage the plant and China Shaanxi Elevator Corp. will market the Joint Venture's elevators through its 36 offices in Northern and Central China. Esco will have the right to market the products of the Joint Venture throughout North, Central and South America, as well as to continue to manufacture and market elevators from its existing facilities in Fort Worth, Texas. Simultaneous with the execution of the Shaanxi Joint Venture Agreement, Esco received an order from China Shaanxi Elevator Corp. for a minimum of 250, and up to 400, hydraulic elevators valued at $19 million to $30 million. Esco is to commence the production of this order immediately so as to open the China market as soon as possible for the benefit of the Joint Venture. However, as discussed above, the Company must obtain adequate working capital to manufacture the elevators, and the Company expects to be capable of shipping the first of these products in approximately 120 days after funding. The Company believes this order will be a "perpetual order" since the joint venture plant, when operating at full capacity, is expected to supply only a small portion of China's total needs. Happy Trading, Israel