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Gold/Mining/Energy : International Hi-Tech (IHI) -- Ignore unavailable to you. Want to Upgrade?

To: mike frith who wrote (341)	4/11/1999 10:59:00 AM
From: V Farmer	Respond to of 461

I read a newspaper article today regarding Insulated Concrete Forms (ICF). The paper showed a home in Nova Scotia that was quite impressive - 2850 sq ft bungalow. The home required 12 weeks to finish using just one of many ICF systems available today. Anyway, the paper related that the concrete industry across Canada is actively promoting this type of construction and that their target is for 15% of new home constructions to use this process within the next few years. Nothing in the article mentioned IHI, but it did quote the marketing manager of the Canadian Portland Cement Association. Also, pictures of the show home indicate that an electic heat system was installed. The article further relates that a showcase of homes is being designed and built across Canada. The article left me with a few questions that maybe the group can help with. Is the ICF process the same as the IHI process or is it in direct competition with the IHI system? It seems that the IHI system may require less building time and, in turn, possibly less labour and construction cost. Does the IHI system necessitate the use of electric heat? This could be a detractor. What exactly do the IHI patents provide that the other ICF systems may not offer? I'm guessing that this is the real key here. I appreciate any assistance anyone can provide. Best of luck VF

To: mike frith who wrote (341)	4/16/1999 7:30:00 PM
From: David Michaud	Respond to of 461

Int'l Hi-Tech to sell 4.7 million units privately International Hi-Tech Industries Inc IHI Shares issued 52,148,371 Apr 15 close $1.18 Fri 16 Apr 99 News Release Mr. Roger Rached reports The company has arranged several private placements for a total of 4.7 million units at $1.30 per unit. Each unit consists of one share and one warrant to purchase one additional share at $1.30 in the first year and $1.50 in the second. The total proceeds of approximately $6.11-million will be used for equipment for the company's Hopcott Road property. Finder's fees will be paid for the proceeds from the private placement.

To: mike frith who wrote (341)	4/19/1999 10:20:00 PM
From: David Michaud	Read Replies (2) \| Respond to of 461

DATE Mar 16, 1999 EDITION National PAGE C02 DATELINE MONTREAL COLUMN Manufacturing BYLINE HEADLINE GBA Industrial buys 60% of Arkansas sawmill firm GBA Industrial Equipment Inc. is buying 60% of Hi-Tech Engineering, Inc., of Hot Springs, Ark., a specialist in sawmill technology and automated handling systems with operations in Quebec and Vancouver. The price was not disclosed. GBA is a machinery firm acquired last year by Schroder Canadian Buyout Fund II, the Ontario Teachers' Pension Plan Board and a unit of the Caisse de depot et placement du Quebec. The enlarged GBA will have annual sales of $175-million, 1,200 employees, 10 plants in Quebec and the U.S.