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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (9536)	5/25/1999 7:12:00 AM
From: RikRichter	Read Replies (1) \| Respond to of 52051

SW - I sold NTXY yesterday (I've been in and out three times) on dilution concerns. The S-1 registration statement indicated a whopping 24 million fuly diluted shares outstanding. I rolled over the proceeds into DRIV which is a steal at under 27 IMO. Regards.

To: Stock Watcher who wrote (9536)	5/25/1999 7:43:00 AM
From: SteelerStu	Read Replies (1) \| Respond to of 52051

DREV News --- SANFORD, Fla., May 25 /PRNewswire/ -- Dragon Environmental Corporation (OTC Bulletin Board: DREV) has successfully closed its previously announced licensing agreement, granting the licensee the exclusive right to utilize its Sand Dragon(R) and Mud Puppy technologies in the United Kingdom and the Republic of Ireland, it was announced here today. Pursuant to this agreement Aquatek (UK) Limited (OTC Bulletin Board: AQUK), the new licensee, has paid to Dragon 2,500,000 shares of its restricted common stock, and in addition to other consideration is required to make additional cash payments to Dragon over the next several years. "This is the first definitive step in Dragon's international expansion plans," stated Basil J. Meecham, the company's chairman and CEO. "We're looking forward to working closely with John Hedges, Aquatek's chairman and CEO, and his management team to place several Sand Dragon and Mud Puppy systems into full operation in the United Kingdom at the earliest possible date." Mr. Hedges commenced ten days of consultation and planning at Dragon's Florida headquarters on Monday, May 17th. Asked about the potential of the UK market, Loren Howard, Dragon's Executive Vice President and Chief Operating Officer, replied, "Before executing this landmark agreement with us, Aquatek's management team made a detailed study of the population of water and sewage treatment plants in England, Ireland, Scotland and Wales, the methods that they presently employ in order to maintain clean, free-flowing operations, and the government regulations that apply in each of those jurisdictions. Their research confirms our belief that these markets represent a major opportunity to put Dragon's technology to work."