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Microcap & Penny Stocks : MACE (Mace Security International)
MACE 0.0157-6.5%Dec 6 4:00 PM EST

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To: Bucky Katt who wrote (140)5/19/1999 3:55:00 PM
From: J R KARY   of 143
 
Even MORE car washes added to a INTERNET System Co.

" Mr. Goodrich also announced that MSI currently is engaged in negotiations for the possible acquisitions of a series of car wash companies " in addition " to the previously announced definitive agreement to acquire American Car Wash Services, Inc.

When these transactions are consummated MSI expects to become the country's first publicly owned consolidator of car washes, operating over 45 car washes having an annual sales run rate in excess of $40 million.

Separately, the Company has executed a stock purchase agreement with Mr. Louis D. Paolino, who, at closing, will make a significant stock investment in MSI and will assume the positions of Chairman, President, and Chief Executive Officer. "

biz.yahoo.com

Jim K.

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