TreeCon Resources, Inc., incorporated in 1963, is a holding company, which, through its subsidiaries, operates in two industry segments: the equipment, parts and service segment, which distributes, leases and provides financing for industrial and logging equipment, and the timber and wood products segment, which includes sawmill operations and the treatment and sale of lumber products. These operations are conducted through the Company's wholly owned subsidiary, Texas Timberjack, Inc. (TTI) and TTI's subsidiaries, Southern Forest Products, LLC (SFP) and Wood Forest Products, LLC (WFP). The operations of WFP ceased during the fiscal year ended September 30, 2003 (fiscal 2003). The Company has sales and equipment distribution locations in Lufkin, Jasper, Atlanta and Cleveland, Texas, and timber processing and sales facilities located in Bon Wier and Houston, Texas. Through these entities, the Company distributes, leases and provides financing for industrial and logging equipment and is also engaged in the harvesting and processing of timber products. The Company's operations are concentrated primarily in the forested areas of East Texas, although its market extends to surrounding states.

The Company, through TTI and its majority-owned subsidiaries, is a distributor of industrial and logging equipment with investments in related timber and sawmill operations. TTI has four locations in eastern Texas. It carries several lines of industrial and logging equipment, including Timberjack (an unrelated manufacturer) and Blount. TTI is involved in the sale, leasing and financing of the equipment it distributes, as well as the servicing of all brands of related equipment. TTI's operations are primarily concentrated in the forested areas of eastern Texas, although its market extends into western Louisiana. TTI, through its subsidiary, SFP, produces pine decking lumber and timbers at its sawmill in Bon Wier, Texas. SFP also treats its decking and timbers, as well as other customers' lumber, at its treating facility in Houston, Texas. SFP's operations are primarily concentrated in Texas, although its market extends into the Midwest and Southeast United States.

During 2003, the Company exited from the construction equipment business and returned equipment inventory to its former supplier of construction equipment and received a credit from the supplier for a like amount on the balance owed by the Company to the supplier on floor plan notes. The food segment, which previously had been included as a separate operating segment is classified as a discontinued operation due to the spin-off of TreeCon's subsidiary, Overhill Farms, Inc.

TTI competes with Caterpillar and John Deere EquipmeNT.

For the nine months ended 6/04, revenues rose 14% to $33 million. Net income from continuing operations totaled $528 thousand, vs. a loss of $1.6 million. Resutls reflect increased sales from the Equipment segment and the Timber segment due to improved unit growth and higher market prices; and reduced interest expenses.

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TCRS - TREECON RESOURCE (OTC)
Date Open High Low Last Change Volume % Change
10/08/04 0.0160 0.0350 0.0150 0.0350 +0.0190 282100 +118.75%

Composite Indicator
Trend Spotter TM Sell

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Buy

Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 22695

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell

Medium Term Indicators Average: 50% - Sell
50-Day Average Volume - 23332

Long Term Indicators
60 Day Commodity Channel Index Hold
100 Day Moving Average vs Price Sell
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: - Hold
100-Day Average Volume - 18554

Overall Average: - Hold

Price Support Pivot Point Resistance

0.0350 0.0083 0.0283 0.0483

http://quote.barchart.com/texadv.asp?sym=TCRS
http://quote.barchart.com/texsnap.asp?sym=TCRS
http://quote.barchart.com/quote.asp?sym=TCRS

Appears to be short term play for good gain.
Ask is now at 0.10, so it could fly............

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'wid ma mind on ma money an' ma money on ma MIND!!!!!!!

Do Da Due!!!

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