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Gold/Mining/Energy : Buckey's Bottom Bounce Short Term Picks (CDN ONLY) -- Ignore unavailable to you. Want to Upgrade?

To: Shaw who wrote (340)	5/11/1999 9:49:00 PM
From: Buckey	Respond to of 5887

I posted about SHW the other day - Not a bottom bounce perse but here is another one Techcorp Industries Inc - Techcorp earns five cents per share in 1998 Techcorp Industries Inc TCA Shares issued 13,137,500 1999-05-06 close $0.4 Tuesday May 11 1999 Mr. Arnold Wong reports FINANCIAL RESULTS 11 months to 12 months to 12/31/98 01/31/98 Revenue $3,056,099 $ 0 Gross margin 1,521,851 0 Net earnings (loss) 662,873 (114,074) Earnings per share (basic) 5 cents (2 cents) Cash flow from operations 953,318 (87,474) Cash flow from operations per share (basic) 7 cents (1 cent) For the 11 months ended Dec. 31, 1998, the company generated revenue of $3,056,099, net earnings of $662,873 (five cents per share) and cash flow of $953,318 (seven cents per share). Techcorp incurred general and administrative expenses of $552,000 and amortization expenses of $290,445. The company holds a healthy current position of $511,435 and no long-term debt. Techcorp achieved four important objectives during 1998: market penetration for its original product, the RPM System 3000; the establishment of a system of authorized distribution and service agents for North America; achieving profitability; successful development, testing and introduction of five new products. In addition to its inaugural product, the RPM System 3000 rotating blowout preventer, Techcorp is now manufacturing the smaller RPM System 1500, which will be offered for sale in the coming months. Testing of the RPM System 5000 continues, with prototyping expected in mid-1999. This larger system is intended for well control during offshore operations. Each of these systems allows oil and gas companies to substantially decrease the costs of services, while at the same time dramatically improving safety and reducing rig time. Techcorp now offers External Casing Packers (ECP), which are frequently used in both conventional and underbalanced well completion programs. Offered in a variety of technical specifications, this product line will increase our penetration in the well control market. Techcorp's Electronic Gauge Carrier systems incorporate two miniature electronic pressure and temperature memory gauges, which monitor tubing or annulus pressures. Current applications include open and cased hole drill stem testing, underbalanced drilling operations, and tubing conveyed perforating. One of the most anticipated products that Techcorp has been developing, the Underbalanced Drilling Deployment Valve (UBD Valve), is now in limited production prior to commercial introduction. Run as an integral part of the casing program, the UBD Valve allows full bore passage for the drill bit, allows the drill string to be tripped without the use of a snubbing unit or the need to kill the well when tripping, and offers significant savings and personnel safety. These cost savings include solids recovery, well control, compression, nitrogen, directional and rig costs. Interest in this product has been extremely high from a number of areas in the world, even prior to the commencement of marketing. A key objective for our company during the coming year will be to maximize marketing efforts on our existing suite of products, thereby firmly establishing Techcorp in the equipment markets it has chosen to operate within. Techcorp firmly believes that it offers the best choice in well control products.