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Gold/Mining/Energy : Napier International Technologies Inc. (T.NIR) -- Ignore unavailable to you. Want to Upgrade?

To: peter joseph who wrote (413)	6/11/1998 9:53:00 AM
From: Ginco	Read Replies (2) \| Respond to of 2444

THE FINANICIAL POST ALSO SAY'S Thanks AL G They say just as suddenly as the share price went up, the stock fell back. So far it has timbled more than 49%. According to the company there have been no material changes to justify the decline. (?) June 3 the BC sec slapped Carlo CIvelli with cease trade order. ( Which was recinded today, post it after )Recently some of the directors have been actively trading their shares. The OSC insider trading report shows that director Clifford Davis exercised 100,000 options for .13c each on May 4 and sold 50,000 shares on May 5 and May 11 for $2.90 to $3.65 each, for a cash gain of $169,760.00. A relation, Carolyn Davis, obtained 670,000 shares for .12C each between May 1 and May 11 and sold 240,000 between May 1 and May 13 for $2.90 to $3.40, for a cash gain of $862,700 ( which is incorrect because if you sell 240,000 shares all for $3.40, you would get $816,000.00 ) Despite the controversies, Napier's SV-35 paint stripper may live up to some of the companies claims....The comapny believes SV-35 has applications in excess of several hundred million dollars a year in any number of industries.However Napier is focusing it's efforts on the aerospace industry, where it pegs the U.S. market at about 100 million a year. ( I have read somewhere they were already shipping product over seas to some air places there ). According to Dave Tomlinson, a sales engineer at Turco Products ( the market leader in paint strippers for the aerospace industry )that figure is closer to US 10 million. SV-35 has already garnered some endorsements from big-name players. It is being tested by Delta Air Lines Inc., and they say early results are more that positive. ( tells you something right there ). Spokeswoman Peggy Esty says " Our guys in the paint shop are delighted with the stuff" If the early results hold up, Delta may decide to use the product on a regular basis. SV-35 is also being tested by US Airways Group Inc ( as i858 has attested to ), and the U.S. Navy. Lieutenant Ken Jones says he's impressed. He had to find a paint remover that wouldn't dissolve the toxic marine paint. Go Navy. It goes on to say that a new market for environmentally friendly paint strippers is opening up in the U.S. as the government mosves to curtail the use of methylene chloride-based paint strippers.In the aerospace industry, the ban comes into place Sept. 1. A lot of the companies currently making paint strippers are not very happy with the deadline, as they are having a extremely difficult time finding a substitute for methylene chloride. ( ie, they will not have a replacement product ) Turco's Tomlinson says that Napier's SV-35 is one of the more promising replacments of any he has seen. Then a bit on ICI about how they are working out a licensing agreement that would see Napier's paint stripper distributed by ICI to industrial and possibly retail customers. ICI's Canadian clients include Wal-MArt Stores Inc. and Home Deopt Inc. All for now folks Smiling now, Al G.