SITUATION OF THE MONTH
By Lawrence C. Oakley
February 2000



[ Editorials - Industry Commentary - Tony Velocci - Sneak Preview
Update Briefs - Important Strategies - Dow 30 Market Timing - Ken Coleman ]


Ocean Power Corporation

o Worldwide, water consumption has doubled every 20 years
o Supplies of potable water have actually diminished
o Many drinking water supplies are becoming polluted
o Drinking water standards are becoming increasingly stringent
o 1,475,000,000 people throughout the world do not have access to clean drinking water
o Water shortages are threatening world peace
o 80% of the Earth is covered with salt water
o The U.S. Dept. of Defense estimates 75% of the world's population will live at coastal sites by 2040
o Conclusion No. 1: Drinking water will have to largely come from the sea as the world's population expands
o Ocean Power makes systems that convert sea water to potable drinking water
o Tests show the quality of the water Ocean Power produces is exceptionally good -- better than all international standards
o Its systems use alternate sources of power
o Its systems are modular, cost effective, can be mass produced
o The seawater desalination industry has installed a total water production of 22 million cubic meters per day over the past 30 years -- an average of 733,333 per day per year
o In the past 10 years, the average has gone up 49,772% to 365,000,000 per day per year -- that represents $1.5 billion per year in new equipment sales, & growing at a fast rate
o Ocean Power can revolutionize an entire industry
o Ocean Power is an emerging growth company
o Ocean Power is a sleeper
o Conclusion No. 2: Ocean Power is at the right place at the right time

Business: Seawater Desalination
Listed: OTC Bulletin Board
Symbol: PWRE
Price (1/28/2000 Last): 4-1/4
Dow (1/28/2000 Close): 10,738.87
NASDAQ (1/28/2000 Close): 3,887.07
S&P 500 (1/28/2000 Close): 1,360.16
Russell 2000 (1/28/2000 Close): 504.62
52-Week Range: 3/8 - 5-1/4
Shares Out: 31.28 million
Approx. Float: 3.73 million
Market Cap: $132.9 million

...continued on next page, click here

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