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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Edward W. Richmond who wrote (3817)	5/21/1999 5:12:00 PM
From: Jack Rayfield	Respond to of 8117

Thanks Ed for your response. I can certainly see why management would be warying of giving target dates and if the reference to last quarter 1999 in the April PR was suppose to mean by Dec 99 the stock price may have benefited slightly by leaving the meaning "cloudy".

To: Edward W. Richmond who wrote (3817)	5/21/1999 5:49:00 PM
From: Edward W. Richmond	Respond to of 8117

Tour of Pyng's Operation - Beyond FAST1 Final Design Stage After the FINAL final design has been determined by the end of May, there three distinct phases in the development of FAST1. (1) Redesign for Volume Production During this intensive engineering phase, Pyng will produce detailed designs (materials, dimensions, tolerances, surface finishes) of all component parts of the FAST1. Simultaneously, detailed designs will be developed with parts manufacturers and contractors. (2) Production Contracts This phase overlaps completely with the Redesign Phase. The company will be selecting contract manufacturers, developing contracts and developing their own internal production processes. (3) Implementation Production is initiated and the product is available for sale. Ongoing production of FAST1 is established. In my opinion, management has their work cut out for them for the remainder of the year. In my opinion, they have a reasonable chance of volume production by year's end. However, I do not see it as an easy target. Regards, Ed