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First National Energy Corp (PK)

First National Energy Corp (PK) (FNEC)

0.090636
0.00
( 0.00% )
Updated: 23:16:04

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FNEC News

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Golden Cross Golden Cross 5 years ago
$FNEC Tier_Change: Pink Limited to Pink Current

OTCM Link
https://www.otcmarkets.com/stock/FNEC/disclosure
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slambino slambino 5 years ago
Recent tweets from FNEC twitter account @FNECorp

FNEC
?

@FNECorp
20h20 hours ago
More
FNEC Turbine electrical connectivity plan for the industrial complex set to be completed by next Tuesday. $fnec

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FNEC
?

@FNECorp
37m37 minutes ago
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Now also in discussion with potential customers who are expressing interest in new applications of our existing and proven technology.

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FNEC
?

@FNECorp
19h19 hours ago
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Project funding for this installation has been secured in anticipation of signing the long term agreement.

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Rambo Rell Retweeted


FNEC
?

@FNECorp
21h21 hours ago
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FNEC getting closer to finalizing its first North American contract. $fnec

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slambino slambino 6 years ago
This looks VERY interesting, wonder why no volume/interest? Looks to have pretty significant technology in the green-energy sector? People too focused on the fly-by-night over valued weed tickers? lol
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OTCRIDER OTCRIDER 6 years ago
http://firstnationalenergy.com/fnecv/
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knulp knulp 16 years ago
I'm buying at 0.0020 it seems to me a good buy opportunity
0.01 very possible in any moment
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mkinhaw mkinhaw 16 years ago
Volatile today
some range
MK
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futrcash futrcash 19 years ago
Interesting company...Bouncing off recent 52 week lows..
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due_diligence due_diligence 20 years ago
FNPR had some news out after hours tonight, just in case you missed it.

First National Power Enters Agreement with Arctic Remote Power to Purchase Green Oasis Micro Utility Unit
Tuesday March 29, 4:01 pm ET
Companies Work Toward Broader Agreement Wherein Arctic Remote Will Become Exclusive Marketer of GO Units in Northern Canada


BELLEVUE, Wash.--(BUSINESS WIRE)--March 29, 2005--First National Power Corp., (OTCBB:FNPR - News), a manufacturer of micro utility vehicles for areas effected by environmental disasters and difficult regional terrains, today announced that the Company has entered into an agreement with Arctic Remote Power ("ARP") to purchase a Green Oasis ("GO") micro utility unit.
This initial purchase represents a significant milestone for First National as it not only represents the first sale of a GO micro utility unit, it also represents both companies' intention to reach a broader agreement whereby ARP will become the exclusive marketer of GO units in Northern Canada.

A spokesman for ARP, stated, "We believe there is exceptional opportunity that exists for GO units to provide economical power to the Northern Canada region. Currently power in this area is, for the most part, provided by high cost diesel fuel generators. In addition to the economic benefits, there are significant environmental benefits in servicing this region with green power."

"The potential alliance with a renowned supplier of choice in providing, clear, dependable environmentally friendly and economical energy to Northern Canada's remote communities, clearly is a tremendous opportunity for First National Power. As we forge ahead to broaden recognition of the GO micro utility unit and achieve increasing market share, we expect to enter other geographic locations globally where the unit can be of significant aid," stated Peter Wanner, director for First National.

About ARP

Arctic Remote Power was founded by senior government and industry executives with extensive experience in Canada's Northern regions. ARP is committed to becoming the supplier of choice in clean and green energy to Northern Canada's remote communities including remote exploration and construction sites. ARP is dedicated to servicing Northern Canada's communities and resource industries. The Company's goal is to establish long-term relationships with prospective customers that will lead to ARP achieving progressive value and market penetration.

About Green Oasis

GREEN OASIS(TM) ("GO") is an environmentally friendly micro utility unit designed to supply power to off-grid communities, remote exploration and construction sites, and environmental disasters. GO units provide continuous power through the interaction of three independent power sources: Primary source - wind energy: The GO Wind Energy component uses state-of-the-art technology; second source: solar energy; tertiary source: chemical energy. The excess power generated from either or both of the Wind Energy and Solar Energy sources is stored in high efficiency, rechargeable lithium ion batteries. The stored power is drawn on when required to provide an uninterrupted source of power from the Green Oasis. GO units have both stationary and mobile applications. GO units may be used as the prime power unit or standby power unit depending on the application.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to future impact on the Company's results from new products in development are forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Such information may contain statements that involve risk and uncertainties and are subject to change, at any time, the Company's results may differ materially from expected results.



--------------------------------------------------------------------------------
Contact:
DeMonte Associates
Cynthia DeMonte, 212-605-0525
cdemonte@aol.com
www.demonte.com


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new5005 new5005 20 years ago
Gl, as you know Kevin Murphy is now controlling shareholder of
GVTS and you'll soon hear about it.
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furrysound furrysound 20 years ago
FNPR - looking good here.. news expected.

http://profiles.shaazamstocks.com/fnpr/index.htm
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gitimancip gitimancip 20 years ago
another kevin M failure
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gitimancip gitimancip 21 years ago
market cap over 50 Million now. Wonder if we are now overvalued.
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glhotdogs glhotdogs 21 years ago
Boy that Matt is fast we now are listed as FNPR

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
Just got this alert.

---------------------
Capstone International (CSNI: news, chart, profile), an energy developer using new technologies, has changed its name to First National Power (FNPR: news, chart, profile) and its new ticker symbol will be effective starting Monday. The company said late Friday that it bought wind generating technology and rights from Vertical Wind Turbine Technologies. No terms were disclosed.
----------------------
Never seen a co. change it's symbol so many times. The article said the co. said it bought tech and rights. Another said they entered into discussions. What's up?? Guess I'll change the way to get here to FNPR. This story gets stranger and stranger.

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
Hi
First got this alert.
-----------------------------
Keyword: "Capstone International"

Headline: First National Power Corporation Is Assigned New CUSIP Number and Has
Requested a New Trading Symbol
By PR Newswire 2/20/2004 1:44:00 PM
--------------------------------
I thought we just changed our symbol. What's up with that? Then today I got this alert. Both alerts were really short in fact I got four other alerts that said nothing at all.
---------------------------------
Keyword: "Capstone International"

Headline: First National Power Corporation (Formerly Capstone International Corp.)
Enters Discussions to Acquire WindCrank(TM) and Vertical Wind Turbine
Technologies LLC of Hawaii
By PR Newswire 2/20/2004 7:05:00 PM
----------------------------------
Anyone have any ideas. It sounds like to me that they may be getting a base to manufacture Snaper's bladeless technology. I would of hoped for a little more info from the co.

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
New PR defines business model ect.
This gives us a little clearer picture but not much. Two board members and Alvin Snaper with no employes. Kind of subcontracting out the work. Does sound good though that they have late stage????work on propless wind generator and other ideas they have do sound interesting. Anyway here it is.
--------------------------
Capstone International Corporation Announces Growth Plans for 2004
1/29/2004 6:00:00 AM









FOX ISLAND, Wash., Jan 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- Capstone International Corporation (OTB Bulletin Board: CSNI) (formerly CITC-CILC) CEO and Chairman of the Board, Kevin M. Murphy has provided the following open letter to all shareholders and the investment community outlining the Company's business and plans.







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Shareholders and Friends,

Capstone International Corporation (www.windwindwind.com) is your Green Power company and has in development stage, 3 principal projects: a Propless Wind Power Generator, PWPG, under development with the world recognized Mr. Alvin Snaper (http://windwindwind.com/snaper.htm ), the head of our Advisory Board and his team at Impactive Technology; the Green Oasis, our portable power generation, storage, water purification and satellite communication unit; and our biomass waste energy project in drawing board concept stage. In early January of 2004 we acquired First National Power Corporation to effectuate our entrance into the international market for energy conservation and savings, both in remunerative and ecological resources. These projects reflect the expansion of management's commitment to a world clean environment and the demand for a clean affordable and renewable energy source. We will soon be announcing other strategic alliances.

The International Market for Clean Renewable Energy

For many Americans, compact wind turbine technology offers the best near term hope of generating their own electricity from clean sustainable renewable resources. Millions of Homeowners, Farmers, Apartment and Small Business owners dream of the day they have the freedom to choose how their electricity is produced and what environmental impacts their consumption generates. Americans want freedom of choice, but over 2 BILLION people around the world have no access to electrical power as you read this. Americans want power at a price they can afford, the Third World just wants the availability to electrical power. EWEA (European Wind Power Association) chief executive Corin Millais stated, "This is just the tip of the iceberg; the global wind power market could be worth euro 25 billion a year by 2010. Wind power currently meets 2% of total European electricity demand. That share will increase rapidly as the technology continues to develop, costs continue to fall, and the need to secure and diversify energy supply becomes increasingly evident to decision makers."

Over 15 million American homes and 1 million small businesses could effectively use small wind systems if the economics were favorable. We believe they can be with products we have under development. Targeting these markets, Capstone International / First National Power will be combining sophisticated advancements in Propless Wind Power Generation, energy storage and support applications not currently being utilized in the electrical power generation industry. Capstone's goal is to build a Power Company with capabilities to provide proprietary-generating stations located on individual buildings and Portable units for rural and emergency services with applications for Third World development. (http://www.greenenergypower.com ) The International Market for Clean Renewable Energy is a voracious Lion and Capstone International / First National Power is committed satisfy its needs.

Green Energy Power Generation, Green Oasis (TM) and "Project Biomass"

The Green Energy Power Generation (GEPG) business unit is designed to implement cutting edge technology not formerly utilized in the electrical power generation industry. The goal is to build a Power company with proprietary generating stations located on customers' buildings. The continuing failure of international power grids endorses the need for the technology being developed by Capstone. Capstones plan calls for individualized power generation units to support small industry and high-rise commercial and residential complexes. During local and regional power failures, Capstone powered buildings will shine as a beacon of hope for green power. http://members.rogers.com/capstone/ ).

The Green Oasis (TM) is just what it sounds like, an Oasis of services providing direct and stored Green energy, water purification capabilities, internet and telephony by a mobile units designed to go anywhere on a temporary or permanent basis, to become the Local Utility, to support or become the principal source of survival in times of disaster. Each unit will be pre-designed on an individualized basis in a modular format to custom fit the environment in which it will be deployed to allow for maximum utilization. They will also carry pre-charged portable satellite battery modules that will allow individuals to transport power to specific areas on an "as need" basis to support temporary usage in emergencies. The Green Oasis(TM) and its power satellite units will hit the ground running as they are deployed fully charged and " Ready to Go."

The "Project Biomass" is our newest development stage project and is in drawing board form only at present.

Wind is the world's fastest-growing energy source ... .

Cumulative global wind energy generating capacity topped 31,000 megawatts (MW) in 2002 and has continued to rise. Some 6,868 MW of new capacity were installed worldwide during 2002, an increase of 28%, according to preliminary estimates by the American Wind Energy Association and the European Wind Energy Association. Wind plants now power the equivalent of 7.5 million average American homes (16 million average European homes) worldwide. Global wind power generating capacity has quadrupled over the past five years, growing from 7,600 MW at the end of 1997 to an estimated 31,128 MW at the end of 2002 -- an increase of over 23,000 MW. Wind is the world's fastest-growing energy source on a percentage basis, with installed generating capacity increasing by an average 32% annually for the last five years (1998-2002). The slightly slower rate of 28% in 2002 was primarily due to a lull in the U.S. market and is rebounding with the improved economy.

"Wind energy grew by 10% in the United States in 2002, a good performance given the poor state of the U.S. energy market and the stop-and-go-and-stop-again policy signals directed at our industry," said AWEA executive director Randall Swisher. "With steady supportive policies, wind power could grow at a sustained pace closer to that of Europe, and provide well over 6% of U.S. electricity by 2020."

Organizational Structure

Capstone is a "Virtual Management" model corporation. The Company has no employees and Management works under consulting contracts optimizing cash flow and efficiencies. The current Board is made up on two individuals who also act as the Officers of the company. All other services are supplied on an "as need" basis by professionals in their individual fields. The Company also has an Advisory Board, Chaired by Alvin Snaper.

Growth, Revenue & Financial Plans

The Company is currently exploring the options for additional financing needed for operating expenses, marketing, and the acquisition of additional synergistic technology. The Company's first priority is to complete our proprietary product development, establish brand awareness, and to launch effective marketing efforts for its product. The Company shall also actively pursue partnerships with other Green Energy developers, leveraging its technology, intellectual properties, and position in the industry to quickly focus international attention on its position as a world leader. The Company has identified potential acquisitions and will aggressively pursue this venue as a strategic growth strategy. Capstone International / First National Power is growth-focused on a corporate strategy of Build, Buy or Partner with premier industry individuals and company's with visionary management.

For more information about Capstone International Corp / First National Power Corporation, including a Business Summary, please access our new Website www.FirstNationalPower.com/Capstone for a download of this document.

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

SOURCE Capstone International Corporation

Kevin M. Murphy of Wannigan Capital Corp., +1-253-549-4336, or
info@wannigancapital.com, for Capstone International Corporation


http://www.greenenergypower.com
-------------------------
Regards The Hotdog



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glhotdogs glhotdogs 21 years ago
New Stock Symbol + PR.

Good stuff, things might be starting to gather momentum. Will take more time than I'd like I'm sure though. LOL.
--------------------
CSNI -- Capstone International Corp.
Com ($0.001)(New)


Company News and Press Releases From Other Sources:

Capstone International Corp. Announces Shareholder Approval to Rename Company First National Power Corporation and Completion of 1 for 7 Forward Stock Split

FOX ISLAND, Wash., Jan 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- Capstone International Corp. (OTC Bulletin Board: CSNI) announced today that further to its announcement January 8, 2004 that it had acquired all the assets of First National Power Corporation, the Company has approved a resolution to change the name of the Company to First National Power Corporation. The Company has notified its legal Council to take all necessary action to formally adopt the new name and request a new Trading Symbol. The Board of Directors had requested the name change to reflect the company's recent acquisition and to better reflect the expansion of management's commitment to a clean environment and for the world's need for an affordable renewable energy source. Capstones acquisition of First National Power will allow the Company to expand its focus on the international market for energy conservation and savings, both in remunerative and ecological resources and meet the growing demand for clean, renewable sources of power around the world. Capstone/First National Power's plans call for the development of wind driven power production sites using conventional as well as Propless Wind Power Generation, a proprietary cutting edge technology being developed for Capstone/First National Power by the world recognized inventor, Alvin Snaper (http://members.rogers.com/capstone/ ) and his team at Impactive Technology. These innovations will make the Company a prominent producer in Green Energy Power Generation. Capstone's goal is to build a Power Company with proprietary generating stations located on customers' buildings and Portable units for rural and emergency services with applications for Third World development. (http://www.greenenergypower.com )
On Monday January 12th, Capstone successfully completed a 7 for 1 forward stock split and the new symbol that has been assigned Capstone International Corp is CSNI.

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

SOURCE Capstone International Corp.



CONTACT: Kevin Murphy of Capstone International Corp.\ First National
Power, +1-253-549-4336, or ceo@greenenergypower.com

URL: http://members.rogers.com/capstone
http://www.greenenergypower.com
http://www.wannigancapital.com
http://www.prnewswire.com

Copyright (C) 2004 PR Newswire. All rights reserved.

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INDUSTRY KEYWORD: OIL
ENV
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SUBJECT CODE: TNM










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---------------------

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
Hi all.

I just asked Matt if he would change the symbol at the top of our sign in area to our new stock symbol of CSNI so if you can't get through remember we have to check in under CSNI.

Regards The Hotdog

ps. This is done for the new investors (if any LOL) that want to look up info about a co. by its current symbol.


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glhotdogs glhotdogs 21 years ago
Hi again.

For the investor, the link below is for Yahoo finance and will give you bid and ask and PRs ect for Capstone. The symbol change after the 7/1 forward split is CSNI for the Yahoo link type in CSNI.ob.
----------------------------
http://finance.yahoo.com/q?s=csni.ob
----------------------------
Just talked with Kevin Murphy the Ceo of the company and he said that Nov. 25 he was with Snapper behind closed doors and they agreed to a new agreement and then signed it Jan 5. Mr. Murphy said great things were in the works and that while important the propless turbine of Snapper's was not the only thing in the works. The acquisition while it opens doors to connections and possibilities does not bring revenue to Capstone. I pressed on the Snapper connection and Snaper's other ideas and the best he could say was that some thing were discussed in that area. Mr. Murphy however is not putting "all his eggs in one basket". There is more in the works unrelated to Alvin Snapper and the wind turbine. What, he would not say. I'm more inclined to buy now although to wait and see what the price does would not be imprudent. Sounded like further news if things work out would take awhile. 1,1/2-3 months. He did mention that a broker was thinking of covering them, which would be good, and IMO would rate a PR..
Remember all I've posted except the link is from me ,a second hand source and I will not guarrentee the acuracy of my conversation with Mr. Murphy. I tried to be accurate is the best I can say. His # is 1-253-549-4336 Call him ourself to be sure.
Do all your own DD is the best motto. LOL

Happy Trading
Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
A little more on the stock split.

-------------------------------
Keyword: "Capstone International"

Headline: Capstone International Corp. Announces Completion of First National Power
Corporation Acquisition, 1 for 7 Forward Stock Split and New Trading Symbol
                                     CSNI
By PR Newswire 1/12/2004 6:07:51 AM
--------------------------------

Wish they flushed this out a little more. Will try calling see if I can find out anymore.

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
Some news.

----------------------
Keyword: "Capstone International"

Headline: Capstone International Corp. to Effect a Name Change and A
7 to 1 Forward Split
By PR Newswire 12/19/2003 6:32:23 AM
------------------------

That's all there was. Nothing about the technology or the Wind Energy Co. or A. Snapper. My guess is there is nothing and they are basically holding a shell. Any way if you had 1,000 shares before with this you will have 7,000 shares but the price pershare will be 1/7th ie .62 cents. The theory IMHO is that the .62 cent price will be run up right away. The reasoning is that people who didn't want to buy at $4.50 will scoop it up at .62. That might be the case if there was any substancial information out there about Snapper's "propless wind generator" or any of the talk of joining with an energy co. ect. Without it I for one am not buying. JMHO

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
Hey Toofuzzy.

I'd like to invest in that power plant, maybe you'll let me buy yous. Oh wait a minute--first I have to save enough to buy that land in Florida first lol. This stock I think has died a death before it was ever born if that is possible. If some news comes out in the future on it or the tech, I'll be happy.

Happy investing The Hotdog
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Toofuzzy Toofuzzy 21 years ago
Hi Hotdog

I ran across the board because I was just looking to see what boards there were. There is another company called Capstone that makes "small" turbine powered gensets for backup power and cogeneration (heat AND electricity). I was also curious what it was doing in the banking and finance section at investorshub. Doesn't make any sence to me.

I myself get all my electricity from my own personal nuclear power plant which I keep safely 93 million miles away with a remote power collection system. It is warenteed for a few million years. Conservation is more cost effective though.

Toofuzzy
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glhotdogs glhotdogs 21 years ago
Hi Toofuzzy.

I agree this company doesn't really exist except on paper. The road less traveled? That seems to be this road.LOL. I haven't bought into it yet. I'm following the inventor not even the tech as I don't really have a clue about it. In my previous posts I made it clear that things had to happen first in order for this company to become a real company and that Mr. Snapper thought that if all went well and that was a big if that it would be at least 2-3 years before there might be retail products. Yes this would be a road less traveled and as far as your quote you should add that most who go down less travelled roads regret it. Nearly all-- but there are some that don't and I don't. The safe bet is to do what you are doing at least in the worse case scenario you would have enough time to pull out if you were carefull. But if I wanted safe I'd be looking for dividends ect. What you are doing on a board of this company I can't fathom. If I was you I'd stay away from all stocks under 5$ and only the ones that are on the big board not the OTCBB. As far as not having experiance in the business they are buying; The inventor is the only one with any knowledge of wind energy and that is limited......That's why they are trying to buy the wind energy based utility.......duh makes sense to me. Now the question should be do the people who are trying to put this deal together have the business and the hutzpah(SP) to make it work. Remember they are not buying the company as you mentioned they are looking at it. This company IMO probably will not get put together. I just wish someone like Gates would get behind Alvin Snaper. Maybe something would get done that might help the world more than a scooter.

Happy Investing The Hotdog
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Toofuzzy Toofuzzy 21 years ago
I have some swampland to sell:

If you think in any way that this is a real company I have some swampland to sell you. Look at the financial statement: No sales,No earnings, No retained capital to do research or investments. Look at their expences... they are working out of someones basement. Why would you invest in a company whose principles have absolutely no experience in the business they are buying.

I think it is interesting to follow the technology but if you are interested in investing as aposed to gambling I think you should look somewhere else.

Personally I have given up on buying any individual stocks and use Exchange Traded Funds. I can buy a whole industry and not wory about one company going out of business.

Toofuzzy
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glhotdogs glhotdogs 21 years ago
One BLock so far today.

It was a big one. (10,000 @ 4.00) Can't tell for sure if it was a buy or a sell. Bid is now 3.90.

Enjoy the Journey. The Hotdog
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glhotdogs glhotdogs 21 years ago
Also FWIW, somebody bought a ton of shares without a prototype. Man they must figure it works. This is not a .008 cent share, almost 500,000 dollars was put out. That is enough to buy part of the company. Perhaps that was part of the merger deal. We get them and they get part of us with maybe a seat on our board. That last part was not from Kevin but my own wild speculation. LOL. (irrational exuberance).

Enjoy the Journey. The Hotdog

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glhotdogs glhotdogs 21 years ago
Hi board.

Finally got hold of Kevin, he said he's been busy with company business. He refused to comment on how the Propless wind generator worked. When I asked him about the deadline of the 29th having come and gone, he told me that there has been an extention and he said the 15th was the date now. He actually said that formal extensions had been signed to that effect. When asked, he said extensions for both the Snaper and the First National Power deal were signed and he thought that the 9th may actually be the date for news. Well I guess I'll have to wait and see. Remember he said the 29th before and that to expect news sooner than that, same story. I also asked him who bought the 90k shares for 1/2 million $s. He wouldn't say. I asked if it was MMs and he said MMs wouldn't put out 1/2 million for anything. Kevin also said that there were not 90k shares available at the ask and that is why the 4.95 was paid. I must admit that the story does intrigue me. But I've been down that path before so I'm being pretty cautious.

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
Hi Reg.

Notice the dreaded BC (British Columbia) and Nevada connection. Like you said it all makes you wonder.

Regards The Hotdog
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RegGuheert RegGuheert 21 years ago
Hi HD,

Thanks for all your DD on this one!

I guess the first question that comes to my mind is "Why does Alvin Snaper always seem to deal with companies like this, where the original business is unrelated to his invention?"

My second question is "Why do I get involved with companies like this?"

Reg
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glhotdogs glhotdogs 21 years ago
????What's up.

I guess I will start to lose interest for sure by the end of next week unless I hear something solid from Kevin (if I can even reach him) about the merger and Snaper signing. I've been Googleing and found this under a summary [(FY98-present) which is april of "03"] of the Applied Research Initiative Program. I searched using the word "bladeless wind turbine" instead of Propless. I tried 3 times to cut and paste it but each time my computer froze up. There was only 1 sentence out of a 72 page report so I wrote it down longhand and here it is.
-------------------------
"We also worked with a private company to test a new bladeless wind turbine technology that could revolutionize the use of wind energy"
--------------------------
I couldn't find any mention of the name of the company. I did find a Cirrus Technologies Inc that recieved money from them to help monitor a "Roskey Wind Turbine" in 2001. I found a couple articles but they did not go into any detail about the turbine other than it was new. The bladeless or propless idea was not mentioned at all, leading me to think that the "Roskey" was not Snaper's idea or related to it. I could be wrong. Material is sure hard to come by.

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
The 29th is here and gone.

Still can't get hold of Kevin or Daryl. PS I see the Knobias site doesn't say anything now. It did when I posted it but they must have taken it down.

Things are looking dim in dream-ville
Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
This from Knobias.

Not that it's really a big deal but it does help explain about the 90k trade which was two trades. Below is the link. The 29th has come and gone and I still can't get hold of Kevin or Daryl Mills. I don't know what to make of that other than the obvious. The link for Knobias is below.
--------------------------
http://www.knobias.com/individual/public/news.htm?eid=3.1.e65f87c02e69397b56220dbdb6ba8a779f8d5ec910....
------------------------
Hope link works.

ps. Disregad the bit about the pre-paid funerals. That was the business before the new things have happened or at least started to happen. LOL

Regards The Hotdog


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glhotdogs glhotdogs 21 years ago
Well I see something on the pink sheets site

The best bid went from 1.something to 3.90 and best ask is at 4.50 and they show last transaction at 4.25 as before. I wonder about the 90k yesterday which I saw on pink sheets and Ameritrade and which ameritrade still shows but pink sheets does not. Yesterday and today too when I called Kevin I got a message from a girl that says she's not available to come to the phone. What's up with that? My best guess being the optomist that I am is that they got a MM on board or a few getting ready to trade this stock when the news hits. That might IMO explain the 90 k shares and spread getting more realistic. All again in my wild imagination. I'm calling the CEO next. BTW just called Mr. Snappr and he doesn't know any thing about the business end of it and he wouldn't comment at all on his part of the deal; whether or not they are coming up with the price he wants ect. Also I couldn't pry anything out of him about the Propless Wind Turbine. If I find out anything ya'll be the second to know. Remember tomorrow is my self imposed deadline. I was told about that deadline in no uncertain terms by someone who should know. Also I'm still hoping for another split too. Again just my opinion from what little I could find out. We'll soon see if I'm right.

Regards The Hotdog
👍️0
glhotdogs glhotdogs 21 years ago
1/4ly filing

It's long but does bring us up to date on the business plan and yes it is a real company. At least the start of one. Hope to see some real news about Snaper and the merger with First National very soon IMO. Financing would also seem to be needed in my layman's opinion. Also would really like to find out who bought 90k shares.

Regards The Hotdog
Filing below.
------------------------
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



FORM 10-QSB

QUARTERLY REPORT UNDER SECTION 13 OR 15(f) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2003



Commission file number 333-62588

Capstone International Corporation

6966 Coach Lamp Drive

Chilliwack, B.C.

Canada V2R 2X6

604-791-1979



IRS TAX ID # 66-0349372




PART I: FINANCIAL INFORMATION




Item 1. Financial Statements:







CAPSTONE INTERNATIONAL CORPORATION



(A DEVELOPMENT STAGE COMPANY)



FINANCIAL STATEMENTS



JUNE 30, 2003 AND JUNE 30, 2002



TABLE OF CONTENTS



Page Number

INDEPENDENT ACCOUNTANT'S REPORT . . . . . . . . . . . . . . . . . . . . . . . . . . .
1








FINANCIAL STAEMENT








Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2







Statements of Operations and Deficit




Accumulated During the Development Stage . . .
3







Statement of Changes in Stockholders' Equity . . . .
4






Statements of Cash Flows . . . . . . . . . . . . . . . . . . . .
5






Notes to the Financial Statements . . . . . . . . . . . . . .
6








David E. Coffey
6767 W. Tropicana Ave. Suite 216, Las Vegas, NV 89103

Certified Public Accountant







INDEPENDENT ACCOUNTANT'S REPORT





To the Board of Directors and Stockholders

of Capstone International Corporation

Surrey, BC. Canada



I have audited the accompanying balance sheets of Capstone International Corporation (a development stage company) as of June 30, 2003 and June 30, 2002 and the related statements of operations, cash flows, and changes in stockholders' equity for the periods then ended, as well as the cumulative period from November 16, 2002 (date of inception) to June 30, 2003. These statements are the responsibility of Capstone International Corporation's management. My responsibility is to express an opinion on these financial statements based on my audit.



I conducted my audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by managmene4t, as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion.



In my opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Capstone International Corporation as of June 30, 2003 and June 30, 2002 and the results of operations, cash flows, and changes in stockholders' equity for the periods then ended, as well as the cumulative period from November 16, 2000, in conformity with accounting principles generally accepted in the United States of America.



The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has not generated revenues from operations, which raises substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.





David E. Coffey, C.P.A.

Las Vegas, Nevada

August 19, 2003





CAPSTONE INTERNATIONAL CORPORATION

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEETS








June 30, 2003
June 30, 2002

ASSETS

------------------

-----------------









Cash
$
0
$
0





------------------

-----------------


Total Assets
$
0
$
0





==========

==========

LIABILITIES & STOCKHOLDERS' EQUITY













Accounts payable
$
4,308
$
11,852

Loans from stockholders

33,808



Common stock sold subject to a rescission offer

0

6,354





------------------

-----------------


Total Liabilities

38,114

18,206









Stockholders' Equity






Common stock, authorized 100,000,000






shares at $.001 par value, 10,567,680 shares






and outstanding after giving effect to a 5 for 1






stock split effective April 25, 2003

10,568

2,050


Additional paid-in capital

16,386

18,550


Deficit accumulated during the






development stage

(65,068)

(38,806)





------------------

-----------------



Total Stockholders' Equity

(38,114)

(18,206)










Total Liabilities and Stockholders' Equity
$
0
$
0




==========

==========






































The accompanying notes are an integral part of

These financial statements



-2-




CAPSTONE INTERNATIONAL CORPORATION

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS AND DEFICIT

ACCUMULATED DURING THE DEVELOPMENT STAGE

(With Cumulative Figures From Inception)








Six months ending June 30

From Inception, Nov. 16, 2000 to June 30, 2003




2003

2002




------------------

---------------

-------------------

Income
$
0
$
0
$
0










Expenses








Organizational costs

0

0

968


Professional fees

13,492

13,366

61,224


Fees

0

0

519


Office expenses

33

351

797


Interest expense

574

167

1,560




------------------

---------------

-------------------

Total expenses

14,099

13,884

65,068










Net loss

(14,099)

(13,884)
$
(65,068)








============

Retained earnings, beginning of period

(50,969)

(24,922)






------------------

---------------



Deficit accumulated during the development stage
$
(65,068)

(38,806)






===========

=========



Earnings (loss) per share, assuming dilution, after giving effect to a 50 for 1 stock split effective April 25, 2003:







Net Loss
$
0.00
$
0.00
$
(0.01)




==========

=========

===========

Weighted average shares outstanding

10,567,680

10,250,000

8,408,193



===========

==========

============








































The accompanying notes are an integral part of

These financial statements.



-3-




CAPSTONE INTERNATIONAL CORPORATION

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

FROM NOVEMBER 16, 2000 (Date of Inception) TO JUNE 30, 2003






Common Stock

Additional Paid-in Capital

Deficit accumul- ated during the development stage

Total


Shares

Amount





-------------

----------

-------------

----------------------

-----------

Balance, November 16, 2000
--
$
--
$
--
$
--
$
--












Issuance of common stock for cash










November 20, 2000
100,000

100

900

0

1,000

Less net loss
0

0

0

(968)

(968)


-----------

----------

-----------

----------------------

-----------

Balance, December 31, 2000
100,000

100

900

(968)

32












Issuance of common stock for cash










May 9, 2001
400,000

400

3,600

0

4,000

May 14, 2001
700,000

700

6,300

0

7,000

June 14, 2001
850,000

850

7,650

0

8,500

Currency translation adjustment
0

0

100

0

100

Less net loss
0

0

0

(23,954)

(23,954)


-----------

----------

-----------

----------------------

-----------

Balance, December 31, 2001
2,050,000

2,050

18,550

(24,922)

(4,322)












July 15, 2002 Expiration of rescission offer for Nov. 14, 2001 sale of common stock
63,536

64

6,290

0

6,354

Less net loss
0

0

0

(26,047)

(26,047)


-----------

----------

-----------

----------------------

-----------

Balance, December 31, 2002
2,113,536
$
2,114
$
24,840
$
(50,969)
$
(24,015)












Stock split 5 for 1 effective










April 25, 2003
8,454,144

8,454

(8,454)

0

0

Less net loss
0

0

0

(14,099)

(14,099)


------------

----------

------------

--------------------

----------

Balance, June 30, 2003
10,567,680
$
10,568
$
16,386
$
(65,068)
$
(38,114


=======

=====

=======

============

======




























The accompanying notes are an integral part of

these financial statements.



-4-




CAPSTONE INTERNATIONAL CORPORATION

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS
(With Cumulative Figures From Inception)










Six months ending June 30,

From Inception, Nov. 16, 2000 to June 30, 2003






2003

2002




----------------------

-------------------

----------------------

CASH FLOWS PROVIDED BY OPERATING







ACTIVITIES







Net Loss
$
(14,099)
$
(13,884)(
$
(65,068)

Non-cash items included in net loss

0

0

0

Adjustments to reconcile net loss to








cash used by operating activity









Accounts payable

(19,707)

11,123

4,308



Loans from stockholders

33,806

0

33,806






----------------------

-------------------

----------------------




NET CASH PROVIDED BY OPERATING ACTIVITIES

0

(2,761)

(26,954)












CASH FLOWS FROM INVESTING ACTIVITIES

0



0












CASH FLOWS FROM FINANCING ACTIVITIES








Sale of common stock

0

0

2,114


Paid-in capital

0

0

24,840


Common stock sold subject to a rescission offer

0

0

0






----------------------

-------------------

----------------------




NET CASH PROVIDED BY FINANCING ACTIVITIES

0

0

26,954















NET INCREASE IN CASH

0

(2,761)
$
0










=============

CASH AT BEGINNING OF PERIOD

0

2,761








----------------------

-------------------






CASH AT END OF PERIOD
$
0
$
0








============

===========






































The accompanying notes are an integral part of

These financial statements



-5-



CAPSTONE INTERNATIONAL CORPORATION

(A DEVELOPMENT STAGE COMPANY)


NOTES TO THE FINANCIAL STATEMENTS

JUNE 30, 2003AND JUNE 30, 2002



NOTE A SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



The Company was incorporated on November 16, 2000 under the laws of the State of Delaware. The business purpose of the Company is to acquire funeral facilities and the selling of prepaid funeral programs.



The Company will adopt accounting policies and procedures based upon the nature of future transactions.



NOTE B EARINGS (LOSS) PER SHARE



Basic EPS is determined using net income divided by the weighted average shares outstanding during the period. Diluted EPS is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued. Since the Company has no common shares that are potentially issuable, such as stock options, convertible securities, or warrants, basic and diluted EPS are the same.



NOTE C COMMON STOCK ISSUANCE



On November 20, 2000 the Company sold 100,000 shares of its common stock at $.01 per share for $1,000. On May 9, 2001 the Company sold 400,000 shares of its common stock at $.01 per share for $4,000. On May 14, 2001 the Company sold 700,000 shares of its common stock at $.01 per share for $7,000. On June 14, 2001 the Company sold 850,000 shares of its common stock at $.01 per share for $8,500. On November 14, 2001 the Company sold 63,536 shares of its common stock at $.10 per share for $6,354.



NOTE D STOCK SPLIT



On April 25 the Company split its common stock 5 for 1. The 2,113,536 pre-split shares increased to 10,567,680 shares at $.001 par value issued and outstanding.



NOTE E GOING CONCERN



The Company's financial statements are prepared using accounting principles generally accepted in the United States of America and applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has not generated any revenues from its planned principal operations June 30, 2003. Without realization of additional capital, it would be unlikely for the Company to continue as a going concern.

















-6-





Item 2: Management's Discussion and Analysis:

On April 22, 2003 the Company announced a 5-1 forward stock split effective for all shareholders of record on April 25, 2003. The trading symbol was also changed and the Company now trades under the new symbol CITC.

At a meeting held Monday, May 5, 2003, management announced it will expand the current Board of Directors from 2 to 5 members. The Board appointed Darryl Mills to the position of Chairman and added Kevin M. Murphy as a Director, effective May 7, 2003. Additional directors will be appointed as soon as they have been approved by the current Board.

Capstone International Corporation plans to review and explore opportunities in the power generation and utilities industry that have recently become available. The Company has opened discussions to acquire First National Power Corporation (FPOW) a private company located in Toronto Canada. The primary focus of First National Power is the international market for energy conservation and savings, both in remunerative and ecological resources.





Item 3. Effectiveness of the registrant's disclosure controls and procedures



Within the 90-day period prior to the filing of this report, the Company carried out an evaluation of the effectiveness of the Company's disclosure controls and procedures (as defined by Rule 13a-14(c) under the Securities Exchange Act of 1934) under the supervision and with the participation of the Company's chief executive officer and chief financial officer. Based on and as of the date of such evaluation, the aforementioned officers have concluded that the Company's disclosure controls and procedures were effective.



The Company also maintains a system of internal accounting controls that is designed to provide assurance that assets are safeguarded and that transactions are executed in accordance with management's authorization and properly recorded. This system is continually reviewed and is augmented by written policies and procedures, the careful selection and training of qualified personnel and an internal audit program to monitor its effectiveness. During the first quarter of fiscal year 2003, there were no significant changes to this system of internal controls or in other factors that could significantly affect those controls.





PART II - OTHER INFORMATION




Item 5: Other Information

Subsequent Events:

On July 27 the company announced further to its news release of May 6 th , 2003, that Capstone International Corporation has completed the primary Due-Diligence for the Company's first acquisition in the power generation and utilities industry. The Company has requested its Attorneys to prepare final documents for the Merger/Acquisition of First National Power Corporation (FPOW) a private company of Toronto Canada.

First National Power Corporation is a developer of renewable energy to meet the growing demand for clean, renewable sources of power. First National's focus is on wind power. Currently, First National Power is pursuing talks with the objective of developing a production site with upwards of 15 megawatts in Ontario as a test market

On August 4, 2003 Capstone International Corporation announced that in furtherance of its power generation and utilities industry business development plan, Capstone has signed a definitive agreement with Alvin Snaper, a leader in the International market for green powered energy conservation and reduced electricity costs. Mr. Snaper will Chair the CITC Advisory Board and lead the Capstones GREEN POWER ENERGY CONSERVATION program..

Capstone International Corporation has acquired exclusive Ownership and Patent rights subject to a Royalty Agreement with Mr. Alvin Snaper for the PROPLESS WIND POWER GENERATOR (PWPG), A WIND ENERGY TURBINE that does not utilize a propeller.

Prior to joining Capstone, Mr. Alvin Snaper has served as a Senior Consultant to other major corporations, including IBM, General Foods, NASA, Boeing, Gilette, Singer, Rocketdyne, General Motors, Lockheed Aircraft, Sanyo, Philips, Gulf Western, etc. Inventor of over 600+ patents, inventions and commercial products, including the IBM Selectric Type Ball, Tang, and the NASA Apollo Photo-Pack to name a few.

First National Power Corporation is a developer of renewable energy to meet the growing demand for clean, renewable sources of power. First National's focus is on wind power. Currently, First National Power is pursuing talks with the objective of developing a production site with upwards of 15 megawatts in Ontario as a test market. Such a site would make First National Power the largest producer of wind power in the province, thus taking First National Power on its way to becoming a leader in wind power generation in North America."





Item 6. Exhibits and Reports on Form 8-K



Exhibits:

Exhibit No.
Document
Location

3.1
Articles of Incorporation
Previously Filed

3.2
Bylaws
Previously Filed

99.1
Certification of the Chief Executive Officer of the Company pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Included

99.1
Certification of the Chief Executive Officer of the Company pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Included




Reports on Form 8-K



None







SIGNATURES





In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



CAPSTONE INTERNATIONAL CORPORATION



DATE: August 19, 2003





/s/ Darryl Mills

Darryl Mills

President and duly authorized officer



/s/ Rod Veremy

Rod Veremy

Chief Financial Officer







CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002





I, Darryl Mills, certify that:



1. I have reviewed this quarterly report on Form 10-QSB of Capstone International Corporation for the quarter ended June 30, 2003;



2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;



3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report.



4. The registrant's other certifying offering officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have: a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared; b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;



5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and



6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.







Date: August 19, 2003





/s/ Darryl Mills

Darryl Mills

Chief Executive Officer







CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)





In connection with the Annual Report of Capstone International Corporation, a Delaware corporation (the "Company"), on Form 10-QSB for the quarter ending June 30, 2003 as filed with the Securities and Exchange Commission (the "Report"), I, Darryl Mills, President of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to my knowledge:



(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and



(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.







/s/ Darryl Mills

Darryl Mills, President

Dated: August 19, 2003



CERTIFICATION PURSUANT TO SECTION 302

OF THE SARBANES-OXLEY ACT OF 2002





I, Darryl Mills, certify that:



1. I have reviewed this quarterly report on Form 10-QSB of Capstone International Corporation for the quarter ended June 30, 2003;



2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;



3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report.



4. The registrant's other certifying offering officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have: a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared; b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;



5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and



6. The registrant's other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.







Date: August 19, 2003





/s/ Rod Veremy

Rod Veremy

Chief Financial Officer







CERTIFICATION PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

(18 U.S.C. SECTION 1350)





In connection with the Annual Report of Capstone International Corporation, a Delaware corporation (the "Company"), on Form 10-QSB for the quarter ending June 30, 2003 as filed with the Securities and Exchange Commission (the "Report"), I, Rod Veremy, Chief Financial Officer of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to my knowledge:



(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and



(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.







/s/ Rod Veremy

Rod Veremy, Chief Financial Officer

Dated: August 19, 2003



--------------------------------------------------------------------------------

David E. Coffey C.P.A.

6767 West Tropicana Suite 216

Las Vegas, NV 89103







Capstone International Corporation

Surrey, B.C. Canada



This letter will acknowledge my agreement to include to or refer to the financial statements which I have audited for the cumulative period ended June 30, 2003, in the filing of the 10-Q with the Securities and Exchange Commission.





Sincerely,



/s/ David E. Coffey

August 19, 2003





--------------------------------------------------------------------------------
End of Filing

© 2003 / EDGAR

👍️0
glhotdogs glhotdogs 21 years ago
Wow WOW.!!

Where did that come from. Ameritrade and Pink Sheets each show a trade of 90,000 sharesat $4.95. Pink Sheets shows a spread of 1.10-4.50. Whoever did this paid nearly a half million dollars. And nearly a 50cent premium. I don't have a clue what happened no news yet and I can't get hold of Kevin. Is this the company buying or a MM or what I just don't have a clue. Anyon out there let me know what you think.

Staying tuned
Regards The Hotdog

PS the famous 29th is just around the corner. Someone took a stake in this.
👍️0
glhotdogs glhotdogs 21 years ago
Hi Caradoc

Yeah I agree the foward split did go through. Been trying to research CITC prior to 3 months ago. Raging B has a mesage board for it from "2001" the board is really messed up though I tried to post and on the index they put my name and subject which was test ect as the first 5 posts. I typed in the Number of the post and clicked and the original came thru. Citadel Communications Corp. traded around 27$ or better. SEC filings ended for Citadel Communications around the first of "2002". At that price a forward 5/1 split would give us the $4.50 price. I really don't know how it went but that makes enough sense to me LOL. What matters is the price now and what really matters is if they get Snaper signed and the merger with First National Signed and hopefully some kind of financing to make it all work signed. That would put them ahead of where PWTC is now to start with. As PWTC I would think they would be a R+D startup company and could burn a lot of cash in the process and take a lot of time building a working model then all the stages to a production model. Hopefully First National Power when merger with Capstone will provide revenue to help fund this project and give Capstone some credibiity when seeking the financing. A Snaper in my talk with him thought the PR about him was premature and that even if all went well it would still take a year or two to actually see production. Geez I sure wish I could find some more out about this. Remember Birdy in the beginning and all the talk about the low float and great possibilities? Starting to sound familiar isn't it? With another split say 10/1 this stock would be at .45 What ya think? Gee maybe by Xmas we could start up a New Old Bulls Club.LOL.

Best Regards The Hotdog
👍️0
Caradoc Caradoc 21 years ago
HD: Sounds like the forward split went off as scheduled in early May. Can't figure why it would have been worth 5 times the current price, though. As for recent trades, clicking on the Knobias link by the board's intro text shows one August 400- or 450-share trade at 4.25 and another trade of the same size at 4.50 happening at the end of July or the beginning of August.

Bigcharts.com shows a slightly different story. If I'm reading the volume graph correctly, 10 or 11 trades during July and August at four different prices between 4.50 and 4.00.

Caradoc


👍️0
glhotdogs glhotdogs 21 years ago
Called Kevin.

He confirmed that the 4.00 price range was right. He said that there is a float of 775k shares. Also said the date was right and quote "or sooner". He did warn me not to buy right away and wait for the smoke to clear.????????????? He said this could easily go to 6.00 if things go well initially. He said Mr Mills, Capstone's CEO was travelling. I had called the # I had and reached a message from a girl that said she still loved me!!!!!!!! So I asked Kevin for Mr. Mills' # and it was different. His # is 1-604-791-1979. The other # I'm not giving out!!!!!!!! I may call that one later.LOL

Regards The Hotdog

👍️0
glhotdogs glhotdogs 21 years ago
Hi and welcome Caradoc.

Good to see you. Thanks for information. I assume you're right. The only info I had was from the old funeral insurance filings which were out of date. That is pretty great news about the number of outstanding shares being so low. (If all this comes about, this thing IMO could really fly fast) I was wondering if the price I see around 4.00$ could of been from before the forward split? Otherwise the price per share would of been around 20.00. (Am I right in my thinking.) For a stock that never accomplished it's business model, that price doesn't seem realistic. I have no link to last trades for this one. Anyway things are up in the air at this point till the 29th according to Kevin. I was hoping possibly that the stock wasn't trading now and that a split would come with all the rest of the news then I could afford to buy some at say 1.00 or less. LOL. I stuck all my money right now into AMDS. (I also started a message board at Stockhouse for that one, when it rains it pours LOL) Think I'll call up Daryll Miller about CITC and it's current tradng satus, float and general feelings about the upcomig(?) news and other things today.

Good to see ya, Don't be a stranger
Hey we all can't be wrong all the time. LOL
Regards The Hotdog
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Caradoc Caradoc 21 years ago
HD: Market cap of 8.71 million (per Knobias) divided by 4.25 per share says total of slightly over two million shares outstanding. And that's after a 5-for-1 split. So they had about 409 thousand shares earlier this year?

And only two transactions so far in August for a total of less than 1000 shares.... You did find this one early!!

Caradoc


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glhotdogs glhotdogs 21 years ago
I have talked with Mr Snaper and he made some points clear.
There is no patent yet. So he wouldn't say anything about how the Propless Wind Turbine would work. He also made clear that his joining the team was not a done deal untill as the pr said the terms were agreed upon. He didn't know when that would be.
Later after talking with Kevin Murphy I realized that the deal to merge with First National and signing Alvin Snaper were tied pretty close together. I was told that this would all happen by the 29th of this month. Also that the web site would be up and running by then also. The date of the 29th was mentioned two or three times by Kevin Murphy. Why that date is important I don't know. I'm hoping this all works. I must make a disclaimer here that I don't own any shares yet and I haven't seen any traded yet. Perhaps a broker type could help me out here. The stock is around 4.00$
If this all is to happen IMO Only Just my guess but that there would be a forward split to get the stock within trading range. I believe the Outstanding shares are around 10.5 million. I could be all wet on this but I also think some financing would have to happen. Well the 29th is not far off.

Regards The Hotdog
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glhotdogs glhotdogs 21 years ago
In My Opinion Only it was in May that the company began looking for other means to create income. How it all happened I don't know but they have come up with "agreements in principle" (that's my terminology) with Alvin Snaper a world famous inventor for the rights to a propless wind turbine, and an agreement for a merger with First National Power a wind energy utility co. that will help develope Mr. Snaper's ideas. Below are the two pr's in chronological order. First National then Alvin Snaper.
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Jul. 09, 2003 Print This / Email This     


Capstone International Corporation Announce First National Power Merger/Acquisition Agreement


SARDIS, BC, Jul. 09 /PRNewswire/ -- SARDIS, BC, July 9 /PRNewswire-FirstCall/ -- Capstone International Corporation (OTC/BB: CILC-CITC) ("Capstone") today announced that in furtherance of its business development plan, as first announced in its news release of May 6th, 2003, Capstone has completed the primary due diligence for the Company's first acquisition in the power generation and utilities industry. Capstone has requested its attorneys prepare final documents for the Merger/Acquisition of First National Power Corporation (FPOW), a private company based in Toronto, Canada. The spokesperson for First National Power, stated, "...this is an exciting time for us and we believe the FPOW business model combined with our marketing skills will allow us to acquire and penetrate newly defined regulated and deregulated markets. FPOW is not limited in its international plan and will save the consumer significantly on their home energy bills. At First National Power, the primary focus is the international market for green powered energy conservation and reduced electricity costs. This strategy will relieve the pressure which is currently experienced by utilities in keeping up with electricity supply and demand, and have a major impact on reducing harmful gas emissions, a widespread concern today".
About First National Power Corporation
First National Power Corporation is a developer of renewable energy to meet the growing demand for clean, renewable sources of power. First National's focus is on wind power, the most rapidly growing source of electricity generation in the world. The team of experienced professionals at First National brings together a full range of project development, technical, financial and marketing skills to design, construct and operate wind power facilities. Combining this with First National's aggressive marketing plans and its relationships with private investors will allow the new Company, upon completion of the Merger, to accelerate the design and construction process and reduce the need to acquire data in order to satisfy typical funding or granting protocols. Mr. Frank Cavicchia, spokesperson for First National Power stated, "...First National is poised to become the largest producer of clean electricity, using wind power...that is our goal and we are focused on achieving it. Currently, First National Power is pursuing talks with the objective of developing a production site with upwards of 15 megawatts in Ontario as a test market. Such a site would make First National Power the largest producer of wind power in the province, thus taking First National Power on its way to becoming a leader in wind power generation in North America."
About Capstone International Corp. (OTC/BB: CILC-CITC)
The primary focus of Capstone International Corporation is to increase the share value for its Shareholders. With this goal in mind, the Management of CITC has been pursuing businesses with high growth investment opportunities that will reflect this increase. The acquisition of First National Power is the first step in our focus to become a major player in the utilities market in the United States and Canada, and to join the lucrative and expanding market in wind power generation, which already includes well known and successful companies such as General Electric (GE), which recently bought Enron Wind; British Petroleum (BP), which has changed their name to 'Beyond Petroleum'; and Sunoco, which now has a division for renewable energy called 'SunCor'. Terms of the agreement will be announced upon completion of the Merger/Acquisition. Kevin M. Murphy, Director of Capstone stated, "...the information available on the internet on our new target industry at such sites as http://www.awea.org/pubs/documents/GlobalWEMarketReport2003.pdf will give our shareholders, friends and future investors a fair background as we develop our new Website."
Corporate Contact: Kevin M. Murphy 1-253-549-4336 -weekdays 11:00 AM to 7:00 PM Pacific Standard Time SAFE HARBOUR STATEMENT
"Except for the historical statements contained herein, this news release presents forward-looking statements that involve risks and uncertainties. Although the management and officers of Capstone International Corporation believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the company's operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the technology industry, currency fluctuations, and other risks detailed from time to time in the company's periodic reports filed with the Untied States Securities and Exchange Commission."
Capstone International Corporation CONTACT: Kevin M. Murphy, 1-253-549-4336 - weekdays 11:00 AM to 7:00 PM
Pacific Standard Time
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Now about Alvin Snaper
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Capstone International Corporation Announces Alvin Snaper Joins Capstone International Corporation and Propless Wind Power Technology Acquisition
8/6/2003 1:26:00 PM
SARDIS, BC, Aug 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- Capstone International Corporation (OTC/BB: CILC-CITC) ("Capstone") today announced that in furtherance of its power generation and utilities industry business development plan, Capstone has signed a definitive agreement with Alvin Snaper, one of the World's premier inventors, and a leader in the International market for green energy power conservation and reduced electricity costs. Mr. Snaper will Chair the CITC Advisory Board and lead the Capstones GREEN ENERGY POWER GENERATION program.
About the Technology
Capstone International Corporation (OTC/BB: CILC-CITC) has acquired exclusive Ownership and Patent rights subject to a Royalty Agreement with Mr. Alvin Snaper for the PROPLESS WIND POWER GENERATOR (PWPG), A WIND ENERGY TURBINE that does not utilize a propeller. The technology is based on a scientific principle, not previously utilized in the wind energy area. Kevin M. Murphy, Director of CITC, stated "...this ground-breaking technology will allow Capstone to access multi-billion dollar markets for Hi-rise commercial and residential buildings currently inaccessible to the prop-turbine wind generation units. We will be able to turn apartments buildings, hotels, office towers, or any buildings that meet our criteria, into self-sustaining energy units with the capability to sell the surplus power to the commercial power grids. First National Power is already in discussions with eager domestic owners of these specific types of structures and has international inquiries requesting information about licensing the Capstone PWPG units for use in their countries. The prospects for Capstone and its shareholders through our association with an inventor of the caliber of Mr. Snaper are exceptional. The CITC acquisition of PWPG fits with our previously announced First National Power acquisition and CITC's corporate goal which we have titled GREEN ENERGY POWER GENERATION."
About Alvin Snaper
Prior to joining Capstone, Mr. Alvin Snaper has served as a Senior Consultant to other major corporations and organizations, including IBM, General Foods, NASA, Boeing, Gillette, Singer, U.S. Air Force, Rocketdyne, General Motors, Lockheed Aircraft, Sanyo, Philips, Gulf Western, Union Carbide, etc. He has been awarded more than 600 patents, many for significant industrial products and processes. Some of his inventions and commercial products include the IBM Selectric Type Ball, Tang, the NASA Apollo Photo- Pack, Coating Process for Gillette Razor Blades, and the Electrostatic Painting Process & System for Auto Components Assemblies for General Motors, to name a few. Mr. Alvin Snaper holds the single honor and individual distinction of being recognized three times with 'Best Patent of the Year' award by Design News magazine, and is the author of numerous technical and scientific papers.
Alvin Snaper is or has been a member the following professional societies and organizations: Who's Who of American Inventors 1990-1991; VIP Electronic Improvement Program; American Ordnance Association. He is a former consultant in ultrasonics to the Library of Congress, Armed Forces Communications and Electronics Association, International Scientific Society and The Society of Photographic Instrumental Engineers.
About First National Power Corporation
First National Power Corporation is a developer of renewable energy to meet the growing demand for clean, renewable sources of power. First National's focus is on wind power, the most rapidly growing source of electricity generation in the world. The team of experienced professionals at First National brings together a full range of project development, technical, financial and marketing skills to design, construct and operate wind power facilities. First National is currently pursuing talks for major contracts in Canada and abroad, and is poised to become the largest producer of clean electricity, using wind power.
About Capstone International Corp. (OTC/BB: CILC-CITC)
The acquisition of First National Power will be the first step in our goal to become a major player in the utilities market in the United States and Canada, and to join the lucrative and expanding market in wind power generation. With the addition of Alvin Snaper as Chairperson of Capstone's Technology Advisory Board and the acquisition of the PROPLESS WIND POWER GENERATOR (PWPG), A future WIND ENERGY TURBINE, CITC will be taking another major stride toward accomplishing this goal. Information is available on the internet on the CITC target industry at such sites as http://www.awea.org/pubs/documents/GlobalWEMarketReport2003.pdf and will give our shareholders, friends and future investors a fair background as we develop our new Website. The primary focus of Capstone is to increase the share value for its Shareholders. With this goal in mind, the Management of CITC has been pursuing businesses with high growth investment opportunities that will reflect this increase.
SAFE HARBOUR STATEMENT
"Except for the historical statements contained herein, this news release presents forward-looking statements that involve risks and uncertainties. Although the management and officers of Capstone International Corporation believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the company's operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the technology industry, currency fluctuations, and other risks detailed from time to time in the company's periodic reports filed with the Untied States Securities and Exchange Commission."
SOURCE Capstone International Corporation
Copyright (C) 2003 PR Newswire. All rights reserved.
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Regards The Hotdog

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glhotdogs glhotdogs 21 years ago
From my DD, it seems like this co. has been around since 2000. It initially was incorporated to I belive sell insurance for funerals and things like that. For over two years it didn't manage to do much along those lines then languished. IMO Kevin Murphy Joining the board in May of 2003 has given it new life. That is pasted below. Also note the 5/1 forward split when it's stated purpose was funerals still. All this is IMO.
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Forward Split

On April 23, 2003, the Board of Directors approved a five for one forward split of the issued and outstanding common stock. Effective date of the forward split is May 6, 2003, for shareholders of record as of May 2, 2003.



New Director

Effective May 6, 2003, Kevin Murphy has been appointed a position as a Director of the Company.

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Regards The Hotdog


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