LOAN- General Credit Message Board

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Microcap & Penny Stocks : LOAN- General Credit

LOAN 4.890

0.0%

Oct 31 9:30 AM EST

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To: musicguy who wrote ()	7/16/1998 4:19:00 PM
From: musicguy	Read Replies (1) of 5

LOAN - NASDAQ 52 week high $2.625 52 week Low $1 Shares out- 3.44 mil float 2.8 mil currently trading at 1 1/16 x 1 3/16 book value $1.99 General Credit Corp., since the acquisition of New York Payroll Factors, Inc. on 5/2/97, has been engaged in providing check factoring services to its customers on a non-recourse basis. For the three months ended 3/98, revenues totalled $964 thousand vs. non prior. Net loss decreased 16% to $118 thousand. Revenues reflect the purchase of checks and credit card sales slips. Net loss reflects increased office overhead and payroll and related expenses. Most recent 10Q sec.yahoo.com all other SEC filings: edgar-online.com Yahoo thread slow but positive messages.yahoo.com General Credit Corp. (Nasdaq:Units/LOANU;Common Stock/LOAN;Warrants/LOANW) Tuesday announced that it has obtained a $3.6 million line of credit with Sterling National Bank. The company will utilize the new line of credit to pay off its previous credit line. With the lower interest rate provided by the new credit facility, the company anticipates annual interest expense savings of approximately $200,000. CONTACT: General Credit Corp., New York Irwin Zellermaier, CEO 212/697-4441 Next 10Q due Aug 15

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