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Show The National Enterprise, December 15, 1976 Page two CPI President Predicting Higher 1976 Earnings AUSTIN, Texas Communications Properties, Inc. (OTC 4.25, 4.625) expects to realize a net income of approximately SI. 5 million for fiscal 1976, president Robert Hughes told a group of Austin analysts last week. Preliminary unaudited figures indicate that CPI's profits for the year ended Oct. 31, 1976 should be similar to nine months figures which increase in showed a 30 increase 24 revenues and a in operating income over the previous year's figures. The Bureaucratic Delays Check Willard Peases Plans GRAND JUNCTION, Colo.-Som- e might call Willard Pease an impatient man. But fact of the matter is, the federal government is costing him year end results will be considerably more gratifying than last years net loss of money. $953,615, Hughes said. More than anything else, CPIs return to profitable the dominant theme of the operations primarily is due to the sale of its subsidiary CPI company presidents message stockMicrowave, Inc. to Western in a recent letter to Union Corporation for approx- holders was that bureaucratic red tape has pigeon-holeimately $11.45 million in cash and profits. and Western Union Telegraph company plans Governmental red tape Company preferred stock. CPI is the eighth largest and delays have prevented us cable television company in from doing our work, which the United States serving was scheduled to begin Oct. Pease said of a $1.9 263,690 subscribers in 11 1, million drilling program in states. d, Geo Surveys Polaris Resources Sign $2 Million Exploration Pact -- arranging all financing required through development and production. GeoSurveys will manage the first years exploration program by integrating technical staff of its own with that of Energy Fuels. Preliminary geologic, radiometric, and geophysical work will begin this month. Energy Fuels Ltd. is headed by Robert Adams, the founder of Western Nuclear, COLORADO SPRINGS, Colo. Energy Fuels Ltd., a private limited partnership, has agreed to spend $2 million over the next years in exploration and evaluation of 15,000 acres of uranium leases held jointly by GeoSurveys Inc. (OTC 2.00, 2.75) and Polaris Resources (OTC .42, .47) to earn a 50 percent interest in the property. A letter of intent signed with Energy Fuels Ltd. last wreek also provides that the partnership may earn up to 75 percent by 3-- 12 Inc. eastern Utah. With the capital raised through a private place- ment, limited partnership, Willard Pease Oil & Gas (OTC 2.625, 3.00) will drill 12 wells in locations adjacent to pres- ent productive areas in order to increase the possibilities of success. I am hopeful that the various governmental permits will be handed down soon, since drilling activity during winter takes longer and costs more, he said. Too, Pease criticized a six month delay by the United States Geological Survey and the Bureau of Land Management to allow the construction of a collection system from the companys wells in the Cisco Springs Field in Grand County Utah and at the Lower Horse n, video display computer terminals. This contract is an add-oto an original two-yecontract. $800,000 'According to Warren B. Clifford, Beehive president, this contract calls for shipment of the terminals with detailed delivery dates through May 1977. These terminals will be used within the German n ar The main plant of American Buildings Co. (OTC 8.75, 9.25) is being struck by about 240 workers, after the company and the United Steel Workers Local 7326 failed to negotiate a new contract. The company said the 240 workers represent about 45 percent of the companys total production of steel buildings. Other plants in Ohio and Iow'a aren't affected. An official for the company said the contract deadlock involves primarily ecobut he denomic issues, clined further comment. He said the Efala plant is now being operated on a reduced basis by management personnel. application. Weve Staff Reporters Peter Harrison Operations Manager JUST PUBLISHED INVESTING IN THE GREAT NORTHWEST. controls. been deluged with requests for more information on the Permaloy process. And the company has also received parts from a large extrusion company on the cast coast and from Florida for coating, Woods said. These parts are for testing purposes, he explained, but added they could also result in some additional contracts to coat solar panels. Permaloy has coated the panels for a solar energy home located in the southwest por Goorga Gregarsen Publisher Mary McMillan Gabar Dean Alsup office machines and other industrial OGDEN, Utah Since a presentation in Atlanta, Ga., at the American Electroplaters' Society Symposium on Coatings for Solar Collectors, J. L. Woods, chairman of Permaloy Corporation (OTC .005, .10) reports increased interest in Permaloy s patented process for solar panel City. Utah Ryan B. Poulton Business Manager banking industry and exported to Kienzle s customers worldwide, he said. Beehives subsidiary, Beehive Europe, headquartered in Amsterdam, The Netherlands, will provide the technical support for the additional terminals. Kienzle Apparate, GmbH, headquartered in Villingen, Germany, is a world renowned manufacturer employing over 5,000 people in production of traffic control equipment, meters, timers, data equipment, ... Solar Industry Eyes Permaloy Workers Strike Plant EUFALA, Ala. . m Salt Lake Alana E. Bantlay Editor Beehive Gets German Order Villin-ge- 50 Cents Per Copy The National Interprise is published weekly by the National Enterprise Publishing Company, Inc 500 Continental Banh Bldg., P.0. Bos 1I77S, Pioneer Station, Salt lake Gty, Utah 84147. (801)533-055- 6 R. provide Kienzle Apparate, GmbH, with an additional 350-40- 0 Blanco Once again, government bureacracy has prevented the company from showing what could have been impressive earnings during the third quarter. At present, the company is waiting for governmental approvals which would permit Western Slope Gas Company to construct a collection system into the Lower Horse Draw Field. If the decisions arent handed down soon, construction may have to wait until spring, due to winter weather. Pease said. He concluded saying he Carter hoped President-elec- t would do something about the reduction of bureaucratic red tap which has tied the hands of the oil and gas industry. Subscriptions $24.00 per year Second Class Postage Paid SALT LAKE CITY, Utah Beehive International (OTC 8.625, 9.125) has signed a contract totaling approximately $1 million to Draw Field in Rio County, Colorado. tion of Salt Lake County, Utah. The house is being tested at the present time for the efficiency of the solar heating If the tests are system. successful, Woods said other such homes could be built in the Salt Lake area. Permaloy also has a contract with a San Diego firm to coat 5000 solar collectors to be used in heating swimming pools. Ship- ment of the first of the 4x8 panels has already begun, he said. An extremely hard coating applied by an electrochemical process, the Permaloy surface showred no degradation after the equivalent of 50 years exposure to desert sun in an environmental test chamber, Woods said a scientific analysis of the coating indicated it will have an infinite life from sunlight degradation. NOW FOR THE FIRST TIME. A DEFINITIVE BOOK THAT ANALYZES EXCITING INVESTMENT OPPORTUNITIES IN THE DYNAMIC, RESOURCE-RICSEVEN STATE REGION OF THE PACIFIC NORTHWEST (INCLUDING ALASKA). H ABOUT THE AUTHORS. INVESTING IN THE GREAT NORTHWEST" Is a new approach to Investment guidance, bringing together in 320 entertaining and readable pages information indlspensible to any businessman interested in this region. Discusses over 200 public companies With over 2 billion shares of stock Over $30 billion annual sales Paying over $1 billion annual dividends and Interest HANNON P. PRATT to Editor Of Nomiwil toeattmenl nwtwi and . 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