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Gold/Mining/Energy : News that catches your eye -- Ignore unavailable to you. Want to Upgrade?

To: Kent C. who wrote (87)	9/2/1998 10:20:00 PM
From: Buckey	Read Replies (2) \| Respond to of 148

Definately one that catches the eye - 42 cents/sh 9mos - price .50 There must be a good story behind this one to be halted this long IITC Holdings Ltd - 9mo earnings 42 cents per share IITC Holdings Ltd IIT.A Shares issued 5,370,828 1998-07-15 close $0.5 Wednesday Sep 2 1998 Mr. J. Norman Rokosh reports FINANCIAL HIGHLIGHTS Three months ended June 30 (in thousands of dollars) 1998 1997 Revenues $ - $1,013 Net earnings (loss) before the following $ (17) $ 290 Gain on sale of divisions/assets $ - $ 101 Net earnings (loss) $ (17) $ 391 Earnings (loss) per share (cents) nil 7 FINANCIAL HIGHLIGHTS Nine months ended June 30 (in thousands of dollars) 1998 1997 Revenues $ 48 $1,013 Net earnings (loss) before the following $ 48 $ (61) Gain on sale of divisions/assets $2,277 $1,067 Net earnings (loss) $2,325 $1,006 Earnings (loss) per share (cents) 42 18 The company reported a net loss of $17,000 (nil per share) for the three months ended June 30, 1998, compared to net earnings of $391,000 (seven cents per share) for the three months ended June 30, 1997. In the nine months ended June 30, 1998, the company's net earnings were $2,325,000 (42 cents per share) compared with $1,006,000 (18 cents per share) in the prior period. In April 1998, the company made an additional liquidating distribution of 60 cents cash per share ($3,354,000 in total). As previously announced, further distributions are anticipated to include two class A shares of Intermap Technologies Ltd. plus cash as the remaining assets are liquidated. Cash from the liquidation of the remaining assets could range from 10 cents to 20 cents per class A share of IITC Holdings Ltd. Investors should note that IITC Holdings Ltd. has been delisted from the Toronto Stock Exchange effective at close on July 21, 1998 because of failure to meet the continued listing requirements of the exchange. Please contact Norman Rokosh with any queries regarding further trading issues.