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Gold/Mining/Energy : Magnifoam Tech MTG/ASE -- Ignore unavailable to you. Want to Upgrade?

To: Ron Nairn who wrote (112)	2/11/1999 11:20:00 PM
From: JAMES BORECKI	Respond to of 144

Hi Ron, Everytime I think of sailing at this time of year I stumble over the thought of scraping, sanding, painting, fixing, etc. Nasty stuff, so I don't think about it until the morning of...and then I close my eyes...hold my breath...and just do it. Now, no more about sailing until that day. As a matter of fact I'm enjoying the market and SI a lot these days. Waiting for four things to explode. DELL DMX ATHM ATY. I got the info re MTG on a newswire service. That's all there was...ain't no more...sound familiar. Actually the only reason I've been hanging on to this "dead money" for the past year is a very slight belief that the product is brilliant and has a future. But mostly because if I sell it my foreign content % goes down. And since my foreign content is growing strongly and its present value is now over 50% of my portfolio I didn't want to lower my Canadian content by selling MTG and therefore have to sell any of my DELL, etc. I hope this makes sense. I'm tired. Now, since I see these new #'s from MTG my hope flames anew. I would love for a Canadian company to make good in the stock market, but my dreams keep getting kicked in the teeth. Maybe MTG....someday. The above sounds so black....in reality I'm delighted with my foreign investments. JimB

To: Ron Nairn who wrote (112)	3/9/1999 1:10:00 PM
From: JAMES BORECKI	Read Replies (1) \| Respond to of 144

Here's some more good news. ==================================================== MAGNIFOAM TO SUPPLY NEW BOMBARDIER AEROSPACE CRJ 700 PROGRAM Barrie, Ontario (March 9, 1999) - Magnifoam Technology International Inc. (MTII) today announced that PolyFab, the company's design, engineering and fabricating division, has been awarded the contract to supply Bombardier Aerospace with thermal-acoustic insulation for the new Canadair Regional Jet® Series 700 (CRJ Series 700) aircraft. Initial shipments will begin in May 1999. "Based on firm orders and options for this new aircraft, the contract is expected to generate in excess of $17 million in net new business beginning in fiscal 2000," said Tom Ambeau, President & CEO, MTII. "Together with contracts to supply Bombardier's CRJ Series 100 & 200, Challenger® 604, Global Express® and Q400 Series® aircraft programs, PolyFab's order book, including options is now approaching $60 million. This is expected to increase as further aircraft orders are awarded," added Mr. Ambeau. Bombardier introduced the CRJ Series 700 in January 1997 as a response to the growing trend towards larger regional aircraft. This new plane is a stretched 70-seat version of the 50-seat CRJ Series 100 and 200. Bombardier has reported that as of February 19, 1999, it had 532 firm orders and 240 options for CRJs, including 96 firm orders and 138 options for the new CRJ Series 700. Customers for the Series 700 include American Eagle, COMAIR, Lufthansa Cityline and Horizon airlines. "We are pleased to be working with Bombardier on an ongoing basis. Together, we are working to improve passenger comfort and safety through efficient management of heat, noise and vibration in the aircraft," added Mr. Ambeau. PolyFab applies noise and vibration technology, including Magnifoam's silicone elastomers, to develop insulation systems in compliance with aerospace regulatory standards. About Bombardier Aerospace Bombardier Aerospace, a unit of Bombardier Inc., is the world's third largest civil aircraft manufacturer with operations in three countries. Leading the 20 to 70 passenger regional carrier market, Bombardier Aerospace offers complete families of turboprop and regional jet aircraft. It has the industry's widest range of business jets, offering both full and fractional ownership, and also produces firefighting/maritime mission aircraft. It provides technical services, aircraft maintenance and pilot training to business, regional airline and military customers. About Magnifoam Technology International Inc. Magnifoam Technology International Inc. is an integrated material science company with proprietary technology. Through its wholly owned subsidiaries, QSi, MTI, and PolyFab, the company is engaged in the research, development and production of low density silicone foam using patented chemical formulations, the production of specialty silicone resins, and the design and fabrication of energy management systems using a variety of flexible, cellular materials. MTII products are sold to the aerospace, mass transit, automotive, sporting goods, industrial, electronics, medical, marine, construction and institutional markets. - 30 -