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

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To: charles messick who wrote (53)3/6/1997 9:02:00 AM
From: Gary Floerchinger   of 303
 
Chuck and SwampFox6, not bad, making money...maybe warrants another couple thousand share buy??? What do you think???

PowerTel( ptusa ) makes acquisition

SANTA BARBARA, Calif., Jan 30 (Reuter) - PowerTel USA Inc said it signed a binding letter of
intent to acquire various shares and assets from Theme Publishing and Communications Group for
$4.0 million in cash, common stock and preferred shares.

Revenues for Theme were about $10.7 million for 1996 with net profit in the six percent range.

It also said it set a one-for-six reverse split of its class A common stock, effective January 31.
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