RE:RE:RE:RE:RE:RE:RE:RE:RE:Preliminary Short Form Prospectus $200M of fixed rate debt,
Eliminate $75 floating rate loan with HSBC.
Motorola signing and additional $125M of debt to enable acquisition of another ETC sized firm.
With ETC winning its fair share of backlog, and another similarly sized acquisition you could be looking at a $400-$500M ITS firm in 2002 with $50-60M in EBITDA.