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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!! -- Ignore unavailable to you. Want to Upgrade?

To: tom r. phillips who wrote (458)	7/17/1998 7:58:00 AM
From: Thomas Kirwin	Respond to of 601

Napeague Letter Overview - 7/16/98 THE NAPEAGUE LETTER Thursday, July 16, 1998 Editor: Bob Davis napeague.com TOUCHSTONE APPLIED SCIENCES - (NASDAQ:TASA): In a brief telephone conversation with management today, I learned that TASA expects to close the Drake acquisition on July 30th. NOTICE This analysis is based on publicly-available information, and is in no way warranted by me as to accuracy or completeness. I do not guarantee to advise you as to any change in this information. I currently may be a stockholder in these Companies as the result of purchasing the stock on the open market, and I may from time to time purchase or sell these Company's securities on the open market. I otherwise have no affiliation with any of these Companies, and I am not compensated by any of them in any way whatsoever.

To: tom r. phillips who wrote (458)	7/20/1998 8:09:00 PM
From: csm	Read Replies (1) \| Respond to of 601

I have been holding TASA for quite a while but decided to dump it last week. Although I believe it is in a great market and has good potential, it is so small compared to other much better known names that I decided to move the money elsewhere. I hope it does well, my son and his friends have some, but I didn't like all the selling that has been showing up since June. It just didn't bode well and I have ridden other stocks that I got too attached to down in a similar manner. Decided to get out without a loss a move along. Stuart.

To: tom r. phillips who wrote (458)	7/29/1998 1:29:00 PM
From: tom r. phillips	Read Replies (1) \| Respond to of 601

to all -- check out ALSI -- a company that is probably a competitor of TASA. stock's been strong and is really taking off today on no news that i could find (leak of earnings info?). i'd like to think that ALSI's move bodes well for TASA also. anyone with more info re. ALSI? TASA's Drake acquisition announcement due any day. I talked with John Dutton, TASA CFO, last week. i asked about stock purchases by insiders and co. buy-back program. he said such purchases could not be made now due to timing rules. i gathered that other developments, probably positive, are imminent. tom phillips