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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: Cavalry who wrote (452)	9/15/1998 6:24:00 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 1637

Cavalry, Aren't you into ABTE??? Asensio & Co.: Able Fails to File Form 10Q and Its Auditors Resign September 15, 1998 8:28 AM EDT NEW YORK, Sept. 15 /PRNewswire/ -- The following is being issued today by Asensio & Company, a member of the National Association of Securities Dealers, CRD number 31742: Yesterday, in two unannounced filings, Able Telcom Holdings Corp. (Nasdaq: ABTE) disclosed that it could not file its Form 1OQ for the quarter ended July 31, 1998. Able also disclosed that Ernst & Young LLP, its most recent auditors, resigned effective September 7, 1998. Ernst & Young was Able's sixth auditor in the last ten years. Able failed to notify its shareholders of its auditors' resignation for seven days. These two announcements were included in SEC filings. Able has yet to directly inform its shareholders of these adverse developments. In an obvious case of selective disclosure, on September 11th, Able issued a press release that did not mention that its auditors had resigned or its inability to file the Form 1OQ. Instead, Able announced it had concluded its financing terms with WorldCom, Inc. Even in disclosing financing terms, Able failed to provide material, adverse information. Able failed to disclose the conditions of the new loan, the amount of receivables it had collected and paid to WCOM, and the amount of NT's losses used to reduce the purchase price. Able has also not disclosed the circumstances of its $10 million, 12% Senior Subordinated Notes ("Note"). First, it failed to disclose that the WCOM debt violated the Note's convenants and required a default waiver, which led to Able's obligation to repay the Notes in full on August 31, 1998. Now Able has failed to disclose whether it made the Note payment or defaulted. Asensio & Company is a New York-based institutional investment bank specializing in corporate valuations and equity research. The firm has recommended the sale and short sale of Able shares. The firm sees no possible residual value for Able shares in excess of Able's debt and preferred obligations. Asensio & Company specializes in investigating fraudulent stock promotions and publishing research on grossly overvalued companies. Asensio & Company's published research reports are available on its Internet home page located at asensio.com. This report should not be construed as an offer to sell or solicitation of an offer to buy any securities. Opinions expressed are subject to change without notice. This report has been prepared from original sources and data which we believe to be reliable, but accuracy is not guaranteed. This research report was prepared by Asensio & Company, Inc., whose stockholders, officers and employees may from time to time acquire, hold or sell a position in the securities mentioned herein. Asensio & Company, Inc. may act as principal for its own account or may sell or buy to or from its customers the securities described herein. Asensio & Company may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in this report or its affiliates. SOURCE Asensio & Company c PR Newswire. All rights reserved. KJC

To: Cavalry who wrote (452)	9/15/1998 9:12:00 PM
From: Forest Gump	Read Replies (3) \| Respond to of 1637

CAV what is this... WHo did all of the buying in the last 3 days... Could it be.... SATAN!!! Or Dynamite, Willie, RBM, and you

To: Cavalry who wrote (452)	9/16/1998 12:06:00 AM
From: Cavalry	Respond to of 1637

HERE IS PESO'S AQUISITION OF JOH RUBBER RELEASE AND LINK TO PATENT Northport Industries Inc. Acquires JOH Rubber Inc. and Vulcanized-In-Place Sealing Technology Business Wire - July 10, 1998 14:43 DEL RIO, Texas--(BUSINESS WIRE)--July 10, 1998--Northport Industries Inc.(OTCBB:PESO) is pleased to announce today that it has entered into agreements to acquire JOH Rubber Inc. (the "Company") and the U.S. patent for a vulcanized-in-place ("VIP") sealing system for automotive powertrains (engines and transmissions) from Guenter Joh ("Joh"). Northport Industries Inc. is a Nevada domiciled holding company ("Northport") engaged through its wholly owned subsidiaries in Maquila (Mexico based) manufacturing for Fortune 500 clients. The Company is an Original Equipment Manufacturer ("OEM") with three divisions: automotive, golf equipment, and infant products. Pursuant to the merger agreement ("Merger Agreement"), Northport Industries Inc. will acquire all of the issued and outstanding stock of JOH Rubber Inc. The Company will become a wholly owned subsidiary of Northport under the terms of the agreement, in which shareholders of JOH Rubber Inc. will receive restricted common stock shares from Northport. Additional terms of the transaction were not disclosed. JOH Rubber Inc. is a Canadian company founded in 1989, organized to exploit the vulcanized-in-place (VIP) technology. This technology provides better sealing, lighter weight, lower noise and reduced cost. The Company supplies Ford Motor Company and General Motors with this superior proprietary sealing system technology. Pursuant to a separate Acquisition Agreement, Northport Industries Inc. will acquire the U.S. patent and the worldwide rights with the exception of Europe, for the VIP sealing system technology from Guenter Joh. Under the terms of the Acquisition Agreement, Joh will receive restricted common stock shares from Northport. Additional terms of the transaction were not disclosed. "Through these two acquisitions, Northport will gain both the proprietary rights to Joh's U.S. patent and the know-how, JOH Rubber Inc., to enable Northport to offer this capability to the automotive OEM market," said Bob Michelini, President and CEO of Northport. Bob Michelini further stated, "In North America, about 15 million passenger cars and light trucks are produced annually. These would use on average, 4 covers per powertrain at an average selling price of $9 per unit, representing an annual market in North America alone, of about $700 million. The current market penetration of these sealing systems represents sales of about $100 million and growing each year. Two major competitors who are developing their own capability as suppliers of composite powertrain sealing systems are Dana and Freudenberg-NOK." For additional information concerning Northport Industries Inc., please contact our Investors Relations Representatives: Mr. L. Baker or Mr. B. Michelini at telephone number 830/775-1705. Website under development. LINK TO PATENT AND CLAIMS OF PATENT patents.ibm.com patents.ibm.com

To: Cavalry who wrote (452)	9/16/1998 12:11:00 AM
From: Cavalry	Respond to of 1637

HERE ARE PESO FINANCIALS, 2 MILLION IN REVENUES FIRST HALF OF 98, TRIPLE YEAR OVER YEAR FROM 1997. Northport Industries Inc. Reports Revenues for Second Quarter 1998 Up 249%; Operating Income Up 133% Business Wire - August 13, 1998 15:49 DEL RIO, Texas--(BUSINESS WIRE)--Aug. 13, 1998-- Summary of Historical Results of Operations Three Months Ended June 30, 1998 (Unaudited) and 1997 Northport Industries Inc. (OTC BB:PESO), announced today results for the quarter ended June 30, 1998. Revenues increased 249 percent in the current quarter and 289 percent for the Year To Date to $1,186,416 from $476,238 and to $2,177,155 from $753,976 respectively. As a result of increased revenues, operating income for the current quarter increased 133 percent to $103,675 compared with operating loss of ($313,035) in the first quarter of 1997 and $186,703 YTD 1998 compard to a loss of ($482,586) for the YTD 1997. 2nd Qtr. 2nd Qtr. YTD YTD 1998 1997 1998 1997 --------- --------- -------- -------- REVENUES $1,186,416 $ 476,238 $2,177,155 $ 753,976 Cost of Goods Sold 562,809 581,663 1,196,232 900,172 Operating Expenses 176,913 124,534 339,656 185,183 General & Administrative 343,020 83,077 454,656 151,208 Operating Income 103,675 (313,035) 186,703 (482,586) Interest Expense (Income) 636 0 (18) 0 Earnings Before Income Tax $ 103,039 $(313,035) $ 186,721 $(482,586) Northport Industries Inc. is a Nevada domiciled holding company ("Northport") engaged through its wholly owned subsidiaries in Maquila (Mexico based) manufacturing for Fortune 500 clients. The Company is an Original Equipment Manufacturer ("OEM") with three divisions: automotive, golf equipment, and infant products. Except for historical information contained herein, certain matters set forth in this press release are forward-looking statements that are subject to risks and uncertainties, including government regulation and taxation, spending, competition, general economic conditions and other risk factors. For additional information concerning Northport Industries Inc., please contact our Investors Relations Representatives: Mr. L. Baker or Mr. B. Michelini at telephone number 830/775-1705. Website under development. Quote for referenced ticker symbols: PESO.

To: Cavalry who wrote (452)	9/16/1998 12:14:00 AM
From: Cavalry	Respond to of 1637

HERE IS PESO RELEASE FROM 9/2 W.E.T. AUTOMOTIVE DEAL COULD BOOST PESO'S REVENUES TO 12 MILLION ANNUALLY Northport Industries Inc. Signs Three Year Agreement With W.E.T. Automotive Systems Ltd. Business Wire - September 02, 1998 09:15 DEL RIO, Texas--(BUSINESS WIRE)--Sept. 2, 1998--Northport Industries Inc. (OTC BB:PESO) is pleased to announce today that it has entered into agreements to become a preferred supplier to W.E.T. Automotive Systems Ltd. ("W.E.T."). Northport will be supplying electrical harnesses commencing November, 1998. W.E.T. is the largest producer of heated seats to the United States automotive market. W.E.T. supplies 98% of the United States and 52% of the total world market. These harnesses will be produced at the Northport Automotive plant in Ciudad Acuna, Mexico. Bob Michelini, president, stated that he was very pleased that the largest producer of automotive heated seats selected Northport to produce this crucial part: the electric harness. "All the work we have done to become a world class supplier is starting to pay off. We will officially obtain our QS 9000 rating in late October. A QS 9000 rating is a world class standard quality rating. This was a major reason for us obtaining this business." Michelini further stated that, "In North America, about 15 million passenger cars and light trucks are produced annually. About 7% of these cars are slated to have heated seats". Northport Industries Inc. ("Northport") is engaged through its wholly owned subsidiaries in Maquila (Mexico based) manufacturing for Fortune 500 clients. The Company is an Original Equipment Manufacturer ("OEM") with three divisions: automotive, golf equipment and infant products. The Company employs approximately 500 people, including site administration, engineering, materials, quality, prototype and maintenance personnel to compliment an experienced work force. The Company's services range from assembly-only services to full materials procurement and assembly contracts referred to as "turkey" contracts. They frequently work with customers from product design and prototype stages through ongoing production, and providing manufacturing services for successive product generations. Except for historical information contained herein, certain matters set forth in this press release are forward-looking statements that are subject to risks and uncertainties, including government regulation and taxation, spending, competition, general economic conditions and other risk factors.