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

To: Richard Saunders who wrote (424)	6/6/1998 4:04:00 PM
From: John B. Smyth	Respond to of 856

For those that aren't familiar with the term, pigs are devices that are inserted in the pipeline to evacuate water and other materials that are carried into the gas pipeline. As the contaminants are heavier than the gas, they collect in the horizontal or lower level sections of the gas pipelines restricting the flow of gas. The launchers provide a means of inserting the pigs either by manual or remote control means through the SCADA system when required. Concerning the easy to buy comment at current prices, Richard, I think we are suffering from a lack information getting to the public or as in the last few weeks being on the receiving end of directed misinformation. As mentioned in my earlier posting, I have taken steps to remedy the former, and I trust that latter will be ignored or maturity will prevail. I'm not sure if it would be worse to be hit by a flying pig or a flying toaster! Something for you to ponder regarding your concerns. We have nearly doubled our sales each year while operating with a $1M working capital deficit. We now have a working capital surplus and sales are still growing. While I often stress the need for project financing to allow us to grow faster, perhaps you should consider that we are in a better position now than ever, with expenses down, order backlog up, sales trend up, financing for current WIP secured, etc., etc. With the new I.R. program ready to launch, I think today is the best opportunity for anyone to purchase a position and regrettably those that wish to sell will perhaps miss a good opportunity. Regards, JBS