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immediate US$50 million facility, & an automatic US$150 million
after the first US$50 million has been exhausted. TTRIF will receive
a licensing fee & participate as a 50% joint venture partner on
each new facility constructed.
Kevin Simpson, president & CEO of Thermo TechTM Ventures stated,
"We are again fortunate to be working with such a professional group
as Residential Resources. Throughout our negotia-tions, they clearly
delivered on all their promises. Thanks to ISM Holding Corp., we
now have our financing in place & can move forward with finalizing
agreements to start building Thermo MasterTM Mark II plants." This
represents very good news. Call Lyle Veillet @ Thermo Tech @ 800-377-5085
or 604-534-5085, or write 20436 Fraser Hwy, Langley, B.C., Canada
V3A 4G2. [R-6; M-7; L-8]
Ultra Petroleum Corp. (TSE/UP -- CS Sneak 8/95) appointed
Michael D. Watford its new company chairman & CEO. He has a strong
record in building shareholder value with such companies as Nuevo
Energy (tripled asset size & quadrupled market cap under his watch
1994-1997). Call David Russell @ 800-688-5651, or write 609 Hastings
St., Suite 1100, Vancouver B.C. Canada V6B 4W4. [R-6; M-6; L-8]
USA Video Interactive Corp. (OTC Bulletin Board/USVO & Alberta/US
-- CS 8/93) added high-end, state-of-the-art wavelet-based compression
technology to its patented Video-on-DemandTM technology. This allows
full-screen, high-speed, high-quality streaming video & video-on-demand
via the Internet using existing telephone lines & standard TV-cable.
The initial applications for USVO's technology include corporate
training, education, surveillance, etc. USVO's technology permits
the application where you can select any of thousands of movies
in your home & control them in the same way you now control a VCR.
That will be the second phase of USVO's market strategy. This situation
is a sleeper -- look into it. Call Kevin Yorio @ 800-625-2200; or
write 70 Essex St., West Mystic, CT 06388. [R-5; M-7; L-8]
Veronex Technologies, Inc. (OTC Bulletin Board/VXTK -- CS
8/98) announced Q3 '99 results with earnings of $7,266,000 or $1.04/share
vs. a net loss of $8,000 or nil/share for the same period '98. 1998
was VXTK's first full year as a software design, develop-ment, licensing,
& service company resulting from the acquisitions of Mainstream
Technologies & ArchData Technology, completing the I|Nova System
(software for the New Millennium).
I|Nova takes a full, system-wide approach to eliminating the costly
"legacy" problems of inefficient programming. It facilitates the
"codeless" development of new & existing mainframe applications
by eliminating redundant source code & by standardizing source code
definitions, facilitating application integration & migration. Existing
mainframe MVS-COBOL applications can be seamlessly migrated to a
client/server platform. I|Nova facilitates the efficient & effective
management of complex computer systems which undergo frequent change
as the needs of business change. Problems, such as the now famous
Y2K issue, are automatically fully corrected system-wide (not the
tedious "line-of code" approach otherwise available) as part of
the I|Nova process. At the same time, efficiencies are generated
which substantially reduce the cost of data processing operations,
resulting in a significant return on the I|Nova investment.
I|Nova goes well beyond the "Millennium Bug" problem; providing
cost-saving efficiencies while insuring continuing operation of
the vital information systems of the company. I see this as not
only a turnaround, but as having extensive long-term appreciation
potential. Call David Wooldridge, IR @ 800-500-3379, or write 18023
Sky Park Circle, Suite E-2, Irvine, CA 92614. www.veronex.com [R-7;
M-8; L-9]
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WaveRider Communications, Inc. (OTC Bulletin Board/WAVC
-- CS 11/98) announced completion of a private placement of $10
million which provides funds to implement full commercialization
of its wireless Internet products. WAVC also announced it received
FCC approval for its NCL135 wireless bridge/router. This represents
its first commercialized product. Call Michelle Fowler @ 416-502-3204,
IR @ 888-533-1910, or write 235 Yorkland Blvd., Suite 1101, Toronto,
Canada M2J 4Y8. Email: investors@waverider.com www.waverider.com
[R-7; M-7; L-8]
Disclosure: Our most important policy is shared by everyone
at Conservative Speculator ("CS"), Guidera Communications ("GC"
-- a division of Guidera Publishing Corporation), & Guidera Publishing
Corporation. It is: "Companies selected for inclusion in CS have
never been, are not now, & will never be, charged a fee of any kind
for editorial coverage, nor are any prerequisites imposed, other
than my personal opinion that the company has an excellent chance
of doubling in price during the following year."
CS does not accept advertising, include inserts, or rent, sell,
or divulge its subscription list. We do this to protect the privacy
of our subscribers. GC provides a broker relations service to public
companies. GC does not deal with the media, or offer traditional
PR functions. It offers, for a monthly fixed cash fee, only one
service; it's professional staff of Broker Relations Managers speak
with brokers throughout the U.S. to inform & up-date them regarding
client companies.
A company's unique product/service, growth potential, & other
fundamentals that cause me to write about it are similar to characteris-tics
GC seeks. Result: Some companies covered in CS may be invited to
use GC's services. I also cover some compa-nies that became GC clients
before they were considered candidates for CS. Becoming a GC client
is not a prerequisite to being covered in CS.
Of the 40 updates, recommendations, & Sneaks in this issue, AMSO,
APII, LVDG, MDRE, SCLN, TNOR, TTRIF, USVO, VXTK, & WAVC are GC clients.
GC clients are usually responsible about keeping me advised of news
-- I try to get all of the other companies I've recommend-ed to
keep me advised as well, but many are a bit lax about it. If Rosanne
or I, directly or beneficially, invest in any company recommend-ed
in CS, or a client or candidate of GC, I will disclose it in the
next issue. If any company in which we have an investment is covered,
I will disclose that as part of the coverage of that company. The
recommenda-tions, Update Briefs, & Sneak Previews in this newsletter
may include forward-looking information as that term is defined
in the Private Security Reform Act of 1995, & therefore are subject
to various risks & uncertainties. There can be no assurance that
actual results, business conditions, business developments, losses
& contingencies, & local & foreign factors will not differ materially
from those suggested in the forward-looking statements as a result
of various factors, including market conditions, competition, advances
in technology, acquisitions, potential litigation, personnel changes,
capital availability, & all sorts of other factors.
Sneak Previews
I picked these special situations from those presented to me by
our due diligence people. They select theirs after studying the
many situations
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