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Gold/Mining/Energy : ZENON Environmental -- Ignore unavailable to you. Want to Upgrade?

To: Bannick who wrote (7)	5/28/1998 10:19:00 PM
From: Bannick	Read Replies (1) \| Respond to of 71

To All, ZENON was true to form and released their Q1 numbers as well as a Press Release dealing with a letter of intent for a 20M dollar order in the United Arab Emirates. The contract is for a desalination plant and is a followup order to one delivered by the company in 1994. Reading the Q1 numbers, the revenue was neutral and earnings remained flat at 66K, or 0.01 / share. Management notes that the first quarter is traditionally weak but expect better results from the order backlog. Market reacted positively to give the stock a new 52 wk high of 28.80 The stock price has doubled in the past 90 days. Regards, Mike