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Microcap & Penny Stocks : MTCI - Will it live out the year ??? -- Ignore unavailable to you. Want to Upgrade?

To: joe wiles who wrote (1277)	2/18/1999 2:36:00 PM
From: Victor Cassella	Read Replies (1) \| Respond to of 1336

Maybe it was a type-o... I hate reg s.

To: joe wiles who wrote (1277)	2/19/1999 11:43:00 AM
From: J.S.	Respond to of 1336

Joe, I had not kept up with the abraxis development. This release is old but the other developments are not. Check out the other stuff on the abs website. One question that I have is how MTCI lost the Hong Kong and Singapore divisions. Legally, I believe Ray Cork only had the rights to the London operations. I find it interesting that Cork referred to the inability to come up with "shareholder funds". That means more REG S I guess as if all the others were not enough. Anyone have any additional information? Joe

To: joe wiles who wrote (1277)	2/19/1999 11:57:00 AM
From: J.S.	Respond to of 1336

I don't know what the point is exactly but the "other side" of what used to be MTCI is also now profitable: see mtits.co.uk CTG Holdings Plc Based in London, CTG Holdings Plc was formed in October 1997 by Joel Jervis and Cairnsford Associates with the intention of creating a significant, IT based, group with an emphasis on software and services. Managed by a small executive team of Joel Jervis and Vincent Smith, who have between them many years of experience in IT and corporate finance, CTG's approach is to build a close working relationship with the management of the acquired companies, thoroughly understand their business and target market sector and provide hands on support to help encourage growth. The group's primary objective is always to enhance the value of the group through the organic growth of existing businesses and the acquisition of companies that fit, strategically, into the group profile. Within a reasonable time-scale it is the group's intention to obtain a public quotation. CTG's strategy is to acquire software companies with a high degree of related services selling to large corporates. Businesses must either have significant individual potential for growth or be complimentary to the business of an existing group company. CTG's first acquisition was completed in October 1997 when it bought the assets of MTi Trading Systems (MTi), a software business trading in the European financial services sector. The business of MTi is now profitable and trades under the name of "OpenTrade Technologies Ltd". The head office is in Harrow (London) with other offices and representatives in Frankfurt, Milan, Paris, and Zurich. Completed in just 10 days, the purchase of the business of MTi has proven CTG's willingness and ability to move swiftly when presented with possible investment opportunities. The company is financed by a large private investment group, which has committed substantial funding to CTG.