Enron Mail

From:bounce-otcjournal-1899244@lyris.otcjournal.com
To:alewis@enron.com
Subject:Exciting XML Articles and Energy Power Earnings News
Cc:
Bcc:
Date:Wed, 6 Jun 2001 12:10:26 -0700 (PDT)

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[IMAGE] June 6, 2001 [IMAGE] [IMAGE] Volume IV, Issue 50 [IMAGE] Em=
ail : info@otcjournal.com URL : http://www.otcjournal.com To OTC Journ=
al Members: Last week's Trading Alert on Petapeer Holdings (OTC BB: PETP)=
was a failure. We hoped the unique news of the company's intention to file=
a patent on its revenue generating technology would restore the stock to i=
ts previous high. Instead, the enhanced volume brought out sellers, and the=
stock dropped. This demonstrates the importance of selling quickly when th=
ese stocks we feature in Trading Alerts go against us. You should have sold=
the stock at $1.06 if you followed our advice, and gotten out with a small=
but manageable loss. It's always preferable to be out wishing you were in,=
rather than in wishing you were out. In this edition we have a follow up=
on XML technology in the news, and coverage on Energy Power's earnings ann=
ouncement which was issued yesterday. [IMAGE] XML Global (OTC BB: XMLG=
) in Investor's Business Daily and Worth Magazine's Informative Article L=
ate last year we were contacted by an associate in the computer industry wh=
o told us we needed to find a microcap stock with leading edge technology i=
n XML programming language. At the time we had no idea what XML was, but we=
learned, loved it, and found a pure play in the microcap arena to cover. =
Information on the XML revolution is starting to appear in the main stream=
financial media. Last Thursday's edition of the Investor's Business Daily =
contained an article which referenced our choice, XML Global Technologies (=
OTC BB: XMLG). Many thanks to the members who emailed us concerning our typ=
o in the weekend edition. We mistakenly printed the article was in the May =
12th edition. It was actually in the May 24th edition. It's of no consequ=
ence as we have the article available for you in its entirety. Investors Bu=
siness Daily gave the company permission to post the article in PDF Format =
on its corporate web site. Simply click here to go directly to it, or go X=
ML Global's investor relations section at their web site- Click Here for t=
hat section. In addition to the Investor's Business Daily article, June'=
s edition of Worth Magazine has a feature article entitled The XML Revoluti=
on. This article has an understandable explanation of XML- what it is, how =
it works, and how it will be used. This is a must read for anyone intereste=
d in the future of computer programming. Click Here to read the article, o=
r go to the following URL: http://www.worth.com/content_articles/0601_xml_r=
evolution.html XML Global Technologies has spent the last two years deve=
loping tools for programmers working on code for the XML revolution. We exp=
ect media attention to continue to grow in this arena, and hopefully we hav=
e identified an outstanding pure play for our members. Please read the arti=
cles and let us know if you agree. We are getting more excited as coverage =
of this new technology continues to accelerate. [IMAGE] Energy Power Sy=
stems LTD (OTC BB: EYPSF) Announces 3rd Quarter Results We believe there =
will be a bull market for North American energy related companies for the n=
ext two to five years. In the microcap arena, Energy Power Systems LTD is o=
ur contribution. The company's market cap (only $18 million) leaves plent=
y of room for upside, and we are anticipating substantial growth in future =
quarters. New business will start to come out in the June and September qua=
rters, and their M&M Subsidiary is embarking on $5.5 million in new project=
s right now. On Tuesday nine month financial performance was announced by=
the company. Revenues were only up 9%, but the earnings turnaround was imp=
ressive. The company turned a small EBITDA profit of $100,000, but this com=
pares to a $1.3 million loss in year 2000. This is very positive news as st=
ocks generally trade on investor perception of the future, and this company=
is definitely headed in the right direction. Here is the complete text o=
f the press release for your review: Tuesday June 5, 5:14 pm Eastern Ti=
me Press Release Energy Power Systems Limited - Announcement TORONTO--(=
BUSINESS WIRE)--June 5, 2001--Energy Power Systems Limited (``EPS'' or the =
``Company'') (NASD Bulletin Board: EYPSF) (CDNX: YPS - news; www.epsx.com) =
announces that it has issued unaudited consolidated financial statements fo=
r the nine month period ended March 31, 2001. These statements reflect the =
following activities of EPS and its subsidiaries: consolidated revenues =
of $15.2 million for the nine months ended March 31, 2001 ($13.9 million -2=
000); consolidated gross profits of $1.5 million for the nine months ended =
March 31, 2001 ($2.3 - 2000); consolidated EBITDA of $0.1 million for the n=
ine months ended March 31, 2001 ($1.3 million negative EBITDA -2000); conso=
lidated loss from continuing operations of $0.5 million for the nine months=
ended March 31, 2001 ($2.0 million - 2000); and consolidated basic and ful=
ly diluted loss per share from continuing operations of $0.13 ($.63 per sha=
re - 2000). EPS's consolidated revenues of $15.2 million for the nine mon=
th period ending March 31, 2001 increased by 9% from the $13.9 million repo=
rted during the same period the previous year. Increased activity from the =
Company's Engineering and Offshore Division and new sources of revenue from=
the Company's Oil and Gas Division that began operations February 1, 2001 =
contributed to this revenue growth. Consolidated EBITDA of $100,000 for =
the nine-month period ending March 31, 2001 was positive versus consolidate=
d EBITDA of $(1.3) million reported for the previous nine-month period. The=
consolidated EBITDA increase was largely due to the benefits of a corporat=
e restructuring initiated at the end of fiscal 2000 as well as the addition=
al cash flow from the introduction of the oil and gas division. ``It was ou=
r corporate objective at the end of last year to turn the Company cash flow=
positive this fiscal year,'' stated Scott Hargreaves CFO, ``to achieve thi=
s we eliminated two non-core subsidiaries and created the Oil & Gas Divisio=
n. We are most pleased with the positive improvement in cash flow as EBITDA=
increased $1.4 for the nine month period ending March 31, 2001.'' The E=
ngineering and Offshore Division is currently working on recently announced=
contracts of $5.5 million of work to carry itself over the fourth quarter =
and beyond. Construction of the 'floating production, storage and offloadin=
g' platform for the White Rose Oil Field expected to get the go ahead late =
this summer could feed further growth for the Engineering and Offshore Divi=
sion in the fiscal year beginning July 1, 2001. In addition the Oil and Gas=
Division is adding positive cash flow to help fund corporate operations an=
d future exploration and acquisition strategies. At present the Company is =
planning its summer exploration, drilling and development program to increa=
se production and oil & gas reserves. EPS is an Independent Power Projec=
t Developer, an Oil and Gas exploration company and a Contractor of infrast=
ructure projects. EPS issued and outstanding common shares: 5,663,419 =
Certain of the statements contained in this news release are forward-looki=
ng statements. While these statements reflect the Corporation's current bel=
iefs, they are subject to uncertainties and risks that could cause actual r=
esults to differ materially. These factors include, but are not limited to,=
the demand for the Corporation's products and services, economic and compe=
titive conditions, access to borrowed or equity capital on favourable terms=
, and other risks detailed in the Corporation's Form 20-F and Annual Report=
. The Canadian Venture Exchange has not reviewed and does not accept res=
ponsibility for the adequacy or accuracy of this release. -----------=
--------------------------------------------------------------------- Cont=
act: Energy Power Systems Limited Sandra J. Hall, 416/861-148=
4 The OTC Journal is a proud partner of the SwingWire.com Online Inve=
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OTCjournal.com Newsletter is an independent electronic publication committ=
ed to providing our readers with factual information on selected publicly =
traded companies. All companies are chosen on the basis of certain financia=
l analysis and other pertinent criteria with a view toward maximizing the =
upside potential for investors while minimizing the downside risk, whenever=
possible. Moreover, as detailed below, this publication accepts compensat=
ion from certain of the companies which it features. Likewise, this newsle=
tter is owned by MarketByte, LLC. To the degrees enumerated herein, this =
newsletter should not be regarded as an independent publication. Click He=
re to view our compensation on every company we have ever covered, or visi=
t the following web address: http://www.otcjournal.com/disclaimer.html fo=
r our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer=
.html for Trading Alerts. MarketByte LLC has been paid the following fee b=
y XML Global for a year of representation: $100,000 cash, 60,000 shares of =
free trading stock, 60,000 shares of restricted stock, and 60,000 options e=
xercisable at $2. The 60,000 shares of free trading stock have been contrib=
uted by a third party on behalf of the company. MarketByte LLC has been pai=
d a fee of 125,000 shares of free trading stock of Energy Power Systems Lim=
ited for representing the company for one year. The fee has been paid by Fi=
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=3Dalewis@enron.com . =09


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