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Microcap & Penny Stocks : PowerTel USA (PTUSA) was Nevada Energy (NNRGA)

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To: SwampFox6 who wrote (44)	3/5/1997 3:23:00 PM
From: Gary Floerchinger	of 303

SwampFox6, check it out, we are on a roll..... PALM DESERT, CALIF. (March 5) BUSINESS WIRE -March 5, 1997--Pat Hayton, president of PowerTel USA Inc. (NASDAQ:PTUSA) stated that the first of several planned acquisitions has taken place. This signals the planned expansion of PowerTel into the communications area. PowerTel completed the acquisition of the Theme Communications Group on Feb. 28, 1997. The purchase price is $4 million, payable in dollar-denominated preferred stock, convertible over two years. The Theme companies provide VCR and CD products on a contract basis to clients like Citibank, Chase and Bank of America. The companies also publish specialized food and in-flight magazines. Total group revenues exceed $10 million annually. Hayton further said, "These companies' products enable financial institutions to use a `soft sell' in their efforts to collect past- due auto loan and credit card debt. The products are proven to be very effective in dramatically increasing collection rates without alienating the client. We intend to dramatically increase the marketing of these products nationwide, either grow or spin off certain magazine assets." Through its other divisions, PowerTel develops and operates geo-thermal and wind-generated power systems in Nevada and California. --30--RPL/la* RJ/la CONTACT: PowerTel USA Inc., Palm Desert Todd Lotz, 941/485-1492 stock-spectator.ptusa KEYWORD: CALIFORNIA NEVADA INDUSTRY KEYWORD: ENERGY MERGERS/ACQ REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or 800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * * * * * * * * * *

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