FOREX shares are traded under the symbols FOX.A and FOX.B and its debentures under the symbol FOX.DB on the Montreal Exchange.

FOREX is a world leader in the manufacture of OSB panels and also specializes in the production of stud lumber.

In the second quarter of 1997, sales amounted to $30.4 million, compared to $37.6 million in the second three months of 1996. The Company posted a loss of $606,000, or $0.05 per share, whereas in the second quarter of the previous year FOREX earned a net profit of $3.2 million, or $0.20 per share.

"Equal Trading’s rapid growth, coupled with their pursuit of the opportunities inherent in Forex education, demonstrates the company is dedicated to building value for the long term," said Mr. Palethorpe. "Numerous well established companies such as Refco, FxSolutions, Forex.com, and GCI have entered into the training market. We shall capitalize on the profitable aspects of their aggressive marketing campaigns and position ourselves further by delivering comprehensive, proven trading techniques. Equal Trading will go beyond simply teaching clients how to use the company’s platform, the problem inherent with most Forex training, we shall convey the same techniques we apply to Equal Trading’s in-house traders, those responsible for trading the company’s own funds."

The persistently very low market price of oriented strand board (OSB) largely accounts for the negative variance in results from the comparable period of 1996.

Equal Trading (www.EqualTrading.com) was incorporated in the State of Nevada. The company has diversified itself to access multiple profit streams within the realm of the Foreign Exchange Market. Equal Trading’s online platform draws revenue from retail clients as well as utilized by the company’s in-house traders who trade the company’s capital. Within the platform, up to 200:1 leverage is offered, which means a $5000 trade will let a client buy/sell up to $1,000,000 worth of currencies allowing them, and in turn the company, to realize far greater returns. The education branch furthers the company’s bottom line. Having a portion of each student’s fee used to open a live trading account with Equal Trading ensures revenue is retained by the business.

On July 18, the Forex Maniwaki plant produced its first OSB pannel. While the ultra-modern plant was under construction, its annual production capacity was boosted from 450,000 to 550,000 cubic metres. This improvement contributed to increase the total investment in the facility to an estimated $119 million.

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