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Gold/Mining/Energy : Innomat Solutions Corp (INAT - was Stackpal, STAX) -- Ignore unavailable to you. Want to Upgrade?

To: mr. campbell who wrote (515)	10/14/1998 6:14:00 AM
From: Bob Fairchild	Read Replies (2) \| Respond to of 580

Brings back some good memories doesn't it: Mr. Paul E. Kavanagh, Chairman of InnoMat Solutions Corp. stated "we are pleased with the overall performance of the company during a year in which a major re-positioning of the company took place. Of particular note, the shift in focus towards selective sales with higher gross margins are reflected in the order book going into 1998 where margins have increased four fold compared to the first half of 1997. Although revenues were dramatically higher than in 1996 they were lower in 1997 than originally expected due to more margin selectivity as well as uncontrollable delays in shipping certain orders. As a result, the company entered 1998 with a significant backlog of booked orders in excess of $1.0 million." Activities in the last quarter of 1997 and first few months of 1998 have produced very promising, initial results. With the recent addition of TPF(r) and the pending acquisition of Brunswick International Container Systems Inc., 1998 is shaping up to be a very exciting year."