September 2, 1998 58519-0005 Tech Electro Industries, Inc. 2941 Main Street Suite 300-B Santa Monica, CA 90405 Re: Tech Electro Industries, Inc. - Registration Statement on Form SB-2 Gentlemen: At your request, we have examined the Registration...Tech Electro Industries Inc/Tx • September 4th, 1998 • Wholesale-electronic parts & equipment, nec
At your request, we have examined the Registration Statement on Form SB-2 (the "Registration Statement"), that Tech Electro Industries, Inc. (the "Company") intends to file with the Securities and Exchange Commission in connection with the registration under the Securities Act of 1933, as amended (the "Act"), of: (i) 2,712,398 shares of the Company's common stock, par value $0.01 per share ("Common Stock"), (ii) 2,150,000 shares of Common Stock underlying options, (iii) 30,000 shares of Common Stock and 30,000 shares of Class A Preferred Stock ("Preferred Stock") underlying the Representative's Purchase Option Units, and the 60,000 shares of Common Stock issuable upon conversion of such Preferred Stock, and (iv) 30,000 shares of Redeemable Class A Warrants ("Warrants") underlying the Representative's Purchase Option, and the 31,800 shares of Common Stock issuable upon exercise of such Warrants (collectively, the "Shares"), to be offered for resale by certain security- holders of the Co
