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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).
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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]
Update Briefs
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