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Microcap & Penny Stocks : MIS International (NASD/BB: MISM)

MISM 0.450

0.0%

Jan 21 4:00 PM EST

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To: Thu Ra Tin who wrote ()	11/21/1997 4:31:00 PM
From: Ross	of 264

NEWS RELEASE MIS International Inc. Reports on Its Operations MISSISSAUGA, Ontario, Nov. 21 /PRNewswire/ -- MIS International Inc. (OTC BULLETIN BOARD: MISM - news) announced today the following activities. Acquisitions The company has agreed to terms and conditions with its previously announced automotive acquisition. The closing will take place March 01, 1998. The parties have agreed at the request of the seller to a news blackout until January 01. MIS has received the final documentation from the Florida-based Pretzel acquisition. MIS will be announcing a closing date for the purchase shortly. It is expected the closing can take place within 30 days. Due diligence is continuing on a 200-unit food company with locations in Canada and the United States. As well, due diligence has begun on a rapidly expanding consumer retail chain with 20 locations. Details on both potential purchases will be forthcoming. Wholesaling The company's Pretzel Twister division has begun discussions to become the authorized Pretzel of a major sports league. National distribution of products into supermarkets and off site locations is progressing ahead of schedule. The company has developed a ''bun pretzel'' which it will sell prepackaged in quantities of six and twelve to major supermarkets. New Store Opening MIS is pleased to announce that it opened a new Pretzel Twister location on November 20th in Upper Canada Mall, Newmarket Ontario. As well as new locations have been committed to in Edmonton, Calgary and Vancouver Island. According to MIS CEO Dan Masters ''We have spent the last year positioning MIS to be able to locate, purchase and grow exciting companies. We are in the franchise business, any form of franchises with a future we will look at. All our acquisitions at present are with profitable companies whose additions to our system will only strengthen their and our bottom line. Our business plan includes acquiring companies with the goal of at least l000 locations by the fifth year of our plan. We should be one year ahead in locations and two in revenues by March.'' The company will be moving some of its operational staff to new offices to be opened in central Florida in January. Masters states, ''80% of our growth will be in the U.S. It makes good business sense to locate our head office in our major market. We will however, continue to support our Canadian operations out of our Toronto facilities.'' MIS International Inc. develops and franchises retail concepts on a multi- unit basis. MIS currently has two distinct franchise concepts, Pretzel Twister in the snack food industry and Wheel to Wheel in the automotive repair industry. SOURCE: MIS International Inc.

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