Hello to all Ofex fans.

Punting out to LAC as favourite stock of the coming quarter.

Price target of 5.5p.Current price 2.75p. Yes that is a 100% increase.

IMHO ofcourse.

regards

Rich

PPI worth having a look at, just signed a $25/30million contract for the next 2 years and for a company valued at just 1.98m!! Unlike most OFEX stocks it is very liquid with shares available online.

Product Power International Ltd Newstrack Announcements 20/10/2003

Dear Shareholders, 20th October 2003

The management of PPI is pleased to announce that an agreement has been reached
and a contract signed between PPI and a local engineering group in the Chita
region of Russia, for an Engineering, Procurement and Construction Management
(EPCM) contract to supply a used Cement plant capable of manufacturing
approximately 400,000 tonnes of cement per annum (tpa).

This is a very significant development for PPI as the total contract would
amount to US$25 to US$30 million over the next 2 years and by far our biggest
contract to date. PPI will be responsible for a full feasibility study to
Western banking standards allowing the project to move to the construction
phase.

Once the feasibility study is complete, PPI will mobilise engineering and
dismantling teams to the site of the selected plant and remove, refurbish,
transport and re-erect the cement plant in Chita. PPI will also be responsible
for the equipment supply and commissioning of the limestone quarry and training
for smooth operation of the cement plant.

Depending upon the results of the feasibility study, the size of the plant
could increase substantially due to the close proximity and access to the large
Chinese bulk cement market, with the possibility of up to 800,000 tpa capacity.

In other news,

* PPI's management has just returned from a technical overview of some
operational problems at the huge Ekibastuz coal mine N.E Kazakhstan where it
has submitted five separate proposals for engineering contracts for projects
such as waste dump spontaneous combustion fire fighting, fine coal
pelletising, in-pit fire prevention and large scale dust suppression on
haul roads and at the mining face.

* Our engineering contract at the Kluchevskoye gold mining project in
Chita, Russia, is showing real promise to develop into a very large-scale
operation. PPI's technical development services should allow reconstruction
to begin in the next 2-3 months. PPI is very well positioned to obtain
preferred supplier status and EPCM contractor.

* PPI has been asked to submit quotes for the supply of mining and support
equipment at the Celtic Resources' Nezhdaninskoye goldmine in Yakutia,
Russia. Celtic is preparing for initiation of mining activity at site and
PPI has significant experience in regard to this very interesting and very
large project.

We are most pleased to see our efforts in a number of fields coming to fruition
in some of our areas of focus and we look forward to reporting on the progress
of the above and other developments as they mature.

Very best regards,

JOHN WEBSTER
Managing Director