FACTS TO CONSIDER

1. The demand for new power generating capacity is growing rapidly. For example, the World Bank estimates that developing countries will need approximately 380,000 megawatts of new generating capacity through the year 2000.

2. According to the Asian Development Bank, the economy of Asia is estimated to grow at an annual rate of 6.6% to the year 2000 with a trillion U.S. dollars to be spent on infrastructure projects... global generation capacity is projected to increase by 885,000 megawatts by the year 2003... 46% to come from Asia.

3. Today, according to a report in the Globe and Mail, India alone is faced with a shortfall of 46,000 megawatts of power - the equivalent of three James Bay Hydro projects - and has committed billions to developing new power generation over the next five years.

4. "The Indian government estimates that over the next 15 years it must at least double, and perhaps triple, the current generating capacity of 82,000 megawatts. The estimated cost: up to $400 billion..." The Globe & Mail

5. Once at their final destination, they are simply connected to the host country's power grid. The largest of the stations can deliver up to 200 megawatts of electricity. Clients also have the option of a reverse osmosis desalination plant capable of producing up to 1,000,000 US gallons of drinking water per day.

6. Collectively, the World Bank estimates that emerging Asian nations will require as much as US $2 trillion in newer power plants, water systems, telecommunications, highways and airports by 2O04.

7 China is the glittering prize. The World Bank figures it will require over $700 billion in new infrastructure in the decade through 2004. The central government wants 16,000 megawatts a year of new electric generating capacity alone through the year 2000, which will require $20 billion in foreign capital.

8. Regional investment banking firm, namely Everen Securities.

9. Joint-venture partner CMS Energy, NYSE listed 4th largest utility in the US and 7th largest independent power producer in the world - $10 billion in assets and over $5 billion in sales.

10. SNC Lavalin, a multi-billion dollar international engineering and construction firm, aid in supervising the design and construction of barges.

11. World-class management team.

12. Revenue growth including fiscal 96 to the end of fiscal 98 has appreciated by 166% to 275% respectively.

13. By the end of fiscal 01 revenues are estimated to increase by 10 times.

14. Earnings are estimated to rocket from a brake even for fiscal 99 to around US $.75 by fiscal 01.

15. Qualify for NASDAQ listing except for a $4.00 price.

16. By the end of fiscal 01 company anticipates 10 "power barges" either under construction or on-line.

17. Out of favor micro-mini cap.

18. Files with SEC a F20 - filing required by foreign companies.

INVESTMENT SUITABILITY

PART A

1. For aggressive accounts that are not adverse to the risks that are inherent to small micro-cap investing. Reward potential during the next 6 - 24 months may result in a 200% to 600% appreciation from current levels.

2. For less risk oriented accounts that believe proper diversification helps to control risk - a position divided within thirds may be more suitable, that is 1/3 EGPSF, 1/3 JEC and 1/3 FLR.

3. Most conservative with a taste for risk: 1/4 EGPSF, 1/4 FLR, 1/4 JEC, 1/4 GVA.

PART B

FLR - management and internal changes - may take some more time.

GVA - domestic - will benefit from Intermodal Transportation Act.

JEC - best managed in the industry.

CBI - Asia and domestic problems.

FWC - overly exposed in Asia.

FINAL NOTE

In our opinion, the management of EGPSF should seriously consider a 3 for 1 reverse stock split, which, of course, would satisfy NASDAQ listing! The listing, of course, would benefit the company tremendously with respect to visibility, greater institutional participation and greater availability of financing option. Once listed, the company could always forward split the forward stock again.