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Stocks G / Golden Triangle Ind.


Subject:  Re: Yahoo Board Date:  1/7/1998  9:25 PM
Author:  born2fly Number:  19 of 22

Info on your 2 points:

1. Folks who purchase through the Direct Purchase Program (DRP) don't really get a 2%. Instead, GTII averages the last 5 days of its closing price and then takes 98% of that price. So, on first glance, it looks like a 2% discount, but given flucuations in price, you really don't get one (unless it doesn't move for 5 days!).

2. The following announcement was made which gives an Internet address. I visited the site and it didn't have anything. Perhaps they are just getting it up an operation with more to come:

Wednesday January 7, 11:46 am Eastern Time
Company Press Release

Golden Triangle Industries Inc. Makes Announcements

New Salt Water Disposal Site Acquired

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Jan. 7, 1998-- Golden Triangle Industries Inc. (NASDAQ:GTII - news) of Albuquerque announced the acquisition of a new salt-water disposal facility near El Campo, Texas.

This new facility, named Transcon Spanish Camp, is located near some of the top producing gas wells in Texas. This new facility is projected to increase the company's revenues by approximately $15,000-$25,000 per month.

Trucking & Equipment Service Added

GTII has expanded its oil and gas services to include trucking and equipment services. Three semi-tractor trailer trucks, several diversified trailers and three bulldozers were purchased during the fourth quarter which now allows the company to provide greatly needed services to the oil and gas operators in the Houston area. GTII can now provide the following trucking and equipment services that will bolster its increasing revenue base:

1. Equipment moving
2. Vacuum services (hauling of fluids to and from other disposal sites)
3. Oil transportation
4. Pad construction for drilling operations
5. Leasing of equipment

BDO Seidman, LLP Signed as New Auditor

GTII is pleased to report that BDO Seidman is the company's new auditor. BDO Seidman, LLP is one of the nation's leading accounting and consulting firms and is the seventh largest international accounting and consulting organization.

New Web Site,

GTII has established a new web site,, which allows access to all the most recent and updated information concerning the company.

For further information, please contact Glenn Gagnon or Shawna Owens at 505/856-5075.
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