 |
 |
October
4, 2001 |
 |
|
 |
Volume
IV, Issue 84 |
 |
|
Email : info@otcjournal.com
URL : http://www.otcjournal.com
To
OTC Journal Members:
 |
Special
Announcement on Astralis/Hercules Development Group (OTC BB: HDVG) |
 |
Several days after we released our
long anticipated Fall Profile on Astralis LLC it came to our attention
the file size of the profile was too large for many systems. AOL
zipped the file and made it impossible to read. Several other ISPs corrupted
the file in other ways or simply deleted it.
We have altered the size slightly
by making some changes you cannot detect, and we are republishing the profile
in its entirety this Saturday morning. Fortunately, the stock is down slightly
from last Monday, making the entry level even more attractive.
AOL members should always
use the first link at the top of the newsletter and read the web page version
of the OTC Journal.
One Important Note: While
many email environments corrupt the newsletter's appearance, it looks the
same to everyone on the web page version. You can always access the web
page version by going to the following web address: http://listserv.otcjournal.com.
Please save this web address in your favorites, and simply go to it when
you see the OTC Journal in your inbox. The current edition is available
the moment it begins going out of our mail server. This way, you will always
be able to view the newsletter in the manner intended regardless of your
email capabilities.
 |
News On Energy
Power Systems (OTC BB: EYPSF) |
|
Today, shortly after the market
closed, Energy Power Systems issued its first press release in some
time. We are hoping this new contract becomes the catalyst to propel the
stock back above the $3 level where it was just prior to the September
11th Attack on America.
We are approaching a time period
where we expect news flow to pick up from Energy Power once again.
Contracts awards should begin on the infrastructure build out for Husky's
$2
Billion White Rose project, and EPS's M&M Engineering Division
should get a strong flow of business from this major off shore drilling
program in Atlantic Canada.
As depicted on this map, the White
Rose off-shore drilling project is located adjacent to both the Hibernia
and Sable Offshore sites. Both of these fields are maturing, and both have
generated billions in revenues for the major oil companies.
In today's press release, Energy
Power Systems disclosed its M&M Engineering and Offshore Division
recently was awarded a $3 million contract with North
Atlantic Refining Ltd. of Newfoundland. The press release goes on to
say the project will be completed by November 30, 2001, and 100 trades
people will be employed on this job.
The awarding of this contract to
the M&M division serves to remind investors that Energy Power's
unique
business model insulates the company from commodity price swings. Despite
the recent drop in natural gas and crude oil price, Energy Power
is still positioned for expansion as multi-year infrastructure construction
projects move forward. EPS can now use the leverage of its successful
construction division to continue acquiring cash flow producing properties
at bargain basement prices.
Here is the complete text of the
news release for your review. We are expecting a rebound in the stock in
conjunction with this news.
Thursday October 4, 4:28 pm Eastern
Time
Press Release
SOURCE: Energy Power Systems Limited
Energy Power System's Engineering
& Offshore Division Awarded Additional $3.0 million Contract as Atlantic
Canada's Offshore Industry Expands
TORONTO--(BUSINESS WIRE)--Oct. 4,
2001--Energy Power Systems Limited (OTC/BB: EYPSF - news), an integrated
energy source & service company operating as an Oil & Gas Division
and an Engineering & Offshore Division announced today that it's Engineering
& Offshore Division has been awarded a $3.0 million dollar contract
from North Atlantic Refining Ltd. (NARL) of Newfoundland.
The contract is for the rebuild of
a Process Heater and includes associated structural steel fabrication and
installation. This work is part of the Refinery's annual maintenance and
upgrading program. Work on the contract, which has already commenced, will
require upwards to 100 tradespeople and is expected to be complete by Nov.30,2001.
About North Atlantic Refining Ltd.
(NARL) NARL operates the 105,000 barrels per day Refinery at Come-By-Chance,
Newfoundland. The strategic location on the main North Atlantic shipping
route allows NARL to bring crude oil from overseas and new offshore oil
fields in Atlantic Canada and ship refined petroleum products anywhere
in the world. NARL holds the largest refinery dock in North America with
extensive tankage facilities and is only 3 sailing days from New York.
About Energy Power Systems Limted
Energy Power Systems Limited (EPS)
(OTC BB: EYPSF - news; CDNX: YPS - news) is an integrated energy source
& service company taking advantage of the current upward trends in
this critical sector. Investors, governments and industry are increasingly
looking at oil and gas as an integral part of a financial plan. Some money
managers are focussing on oil & gas service companies that profit from
building and maintaining the huge production infrastructures, rather than
just oil & gas producers whose profits fluctuate with the price of
oil. With growing cash flow from its Oil & Gas Division and ongoing
revenues from its Engineering & Offshore Division Energy Power is positioned
to perform throughout the energy cycle.
Certain of the statements contained
in this news release are forward-looking statements. While these statements
reflect the Corporation's current beliefs, they are subject to uncertainties
and risks that could cause actual results to differ materially. These factors
include, but are not limited to, the demand for the Corporation's products
and services, economic and competitive conditions, access to borrowed or
equity capital on favourable terms, and other risks detailed in the Corporation's
Form 20-F and Annual Report.
--------------------------------------------------------------------------------
Contact:
Energy Power
Systems Limited
Sandra
J. Hall, 416/861-1484
|
Charts Provided Courtesy
Of TradePortal.com
The OTC Journal is
a proud partner of the SwingWire.com
Online Investment Community. A next generation Online Analyst Exchange
providing Members the ability to search, review, track and monitor some
of the Internet's best Online CAs (CyberAnalysts). Members
have the opportunity to potentially achieve higher
returns by viewing top performing portfolios
and receiving real-time alerts from favorite CAs.
SwingWire.com
also has a lucrative incentive model for experienced investors and traders
who consistently outperform the market. Share market ideas with other like-minded
investors, establish a proven track record, provide insightful commentary,
attract followers and ultimately become one of the Internet's highest paid
and most sought after CyberAnalysts!
Click
here to receive your FREE 30-Day Trial Membership with no further obligation.
Sign Up Today!
|
|
| The OTCjournal.com Newsletter is
an independent electronic publication committed to providing our readers
with factual information on selected publicly traded companies. All
companies are chosen on the basis of certain financial 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 compensation from
certain of the companies which it features. Likewise, this newsletter
is owned by MarketByte, LLC. To the degrees enumerated herein,
this newsletter should not be regarded as an independent publication.
Click
Here to view our compensation on every company we have ever covered,
or visit the following web address: http://www.otcjournal.com/disclaimer.html
for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html
for Trading Alerts. MarketByte LLC has been paid a fee of 125,000 shares
of free trading stock of Energy Power Systems Limited for representing
the company for one year. The fee has been paid by Fieldston Traders LTD
acting on behalf of the company. Please review our policy on selling shares
found within our Mission Statement at our home page.
All statements and expressions are
the sole opinions of the editors and are subject to change without
notice. A profile, description, or other mention of a company in the newsletter
is neither an offer nor solicitation to buy or sell any securities
mentioned. While we believe all sources of information to be factual and
reliable, in no way do we represent or guarantee the accuracy thereof,
nor the statements made herein.
The editor, members of the editor's
family, and/or entities with which they are affiliated, are forbidden by
company policy to own, buy, sell or otherwise trade stock for their own
benefit in the companies who appear in the publication.
The profiles, critiques, and other
editorial content of the OTCjournal.com may contain forward-looking statements
relating to the expected capabilities of the companies mentioned herein.
THE READER SHOULD VERIFY ALL CLAIMS
AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED.
INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE
OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT
LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY
WITHOUT THE EXPRESSED, WRITTEN CONSENT OF THE EDITORS OF OTCjournal.com.
We encourage our readers to invest
carefully and read the investor information available at the web sites
of the Securities and Exchange Commission ("SEC") at http://www.sec.govand/or
the National Association of Securities Dealers ("NASD") at http://www.nasd.com.
We also strongly recommend that you read the SEC advisory to investors
concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm.
Readers can review all public filings by companies at the SEC's EDGAR page.
The NASD has published information on how to invest carefully at its web
site.
You
can unsubscribe from this list at any time by
Clicking
Here and HITTING SEND. If you are having difficulty removing
yourself or wish to change your address please go to http://listserv.otcjournal.com/opt.cgi?. |
|
|
|
Click Here to View the OTC Journal Disclosure
|
|
To subscribe to our newsletter, please enter your email address below.
Quotes are delayed 20 minutes.

|