Technology Research Corporation (NASDAQ NMS/TRCI) makes ground fault-protective devices. They reduce electrical fires, protect equipment, humans, & pets from electrocution, fire, or serious injury. The market is largely untapped. The typical electrical circuit is either fused for 15 amps, or has a circuit breaker that trips if 15 amps is exceeded. 15 amps is 15,000 milliamps (ma).

If a person touches a live wire or piece of equipment that is wired incorrectly, or has a short to its frame, he gets a shock. The fuse or circuit breaker will keep a wire in the wall from melting by limiting the flow of electricity to no more than 15,000 ma, but it won't protect you. What most folks don't realize that if 1 ma flows through your finger, you'll feel a slight tingle. A 10 ma shock will make the muscles contract so hard, it may be hard to let go of the wire or equipment frame. A 30 ma shock will make breathing difficult & cause you to lose consciousness. A 50 ma shock will probably kill you. The fuse or circuit breaker won't help until 15,000 ma flows.

TRCI's Ground Fault Circuit Interrupter, when attached to appliances, extension cords, or plugged into existing outlets will only allow about 4-6 ma to flow before cutting off the power. If you don't have them, by all means get them to protect yourself & your loved ones.

TRCI's revenues for Q1 ended 6/30/99 were $3.9 million, with net income $203,825 ($0.04 per share). Management anticipates net income will increase to about $900,000 for the year to end 3/31/2000 ($0.15 to $0.17 per share). In the year to end 3/31/2001, a 30% increase in revenues & net income of about $0.28 per share is the goal. Call Jerry Falkner at the company's IR firm at 800-377-9893. www.trci.net & www.rjfalkner.com [R-6; M-7; L-8]

Trimark Oil & Gas Ltd. (Vancouver/TMK.V) operates in the U.S. It is involved as a minority interest holder in several natural gas prospects in the San Joaquin Basin in CA (SJB). Some oil & gas analysts have projected one of the prospects to have reserves of from 4 trillion cubic feet of gas (tcf) to 16 tcf, or the equivalent of 300 million to 1.25 billion barrels of oil. TMK has a 1% working interest in this project, which could be worth something like $5.50 per fully diluted share if it is as successful as some of the other prospects in the SJB. TMK has somewhat larger interests in other prospects in the SJB.

I do not usually look at oil & gas exploration ventures, unless they have some special attributes that put them well above the rest of the crowd. In this case, the SJB is close to major natural gas markets, the infrastructure is in place, the political environment is stable, three of the prospects TMK has interests in are already drilling, & the SJB contains seven of the only 14 fields in the U.S. that have produced more than a billion barrels of oil equivalent (examples include Midway Sunset, Elk Hills, Kern River, North Kettleman Dome, & South Belridge).

 

TMK also has the right to acquire 100% of the Kathleen Ann Field in TX, which would provide it with a solid, low cost oil reserve base (reserves are about 300,000 barrels), & it owns 50% of the 14-well Big Springs Unit in Nebraska operated by Hilton Petroleum Ltd. & already producing 400 million cu ft of gas per day. Call David E. Castaneda at the company's IR firm, MDC Group, Inc. @ 888-948-0075 or 303-675-0061, fax 303-675-0062, e-mail: trimark@mdcgroup.com, or write 1900 Wazee St., Suite 202, Denver, CO 80202. [R-5; M-6; L-7]

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