ETPI-Military Entertainment Enters Civilian Market Message Board

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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market

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To: Jeff P who wrote (74)	4/16/1998 11:02:00 AM
From: Mark S. Schroeder	of 4767

It's obvious......MM need shares and they won't give you much for them. TODAY'S NEWS..... Thursday April 16, 9:31 am Eastern Time Company Press Release Entertainment Technologies and Programs Inc. Makes Announcement HOUSTON--(BUSINESS WIRE)--April 15, 1998--Entertainment Technologies & Programs Inc.(OTC:ETPI - news), a fully-integrated entertainment and amusement company, today announced that the integration of Hero's Family Fun Center has shown results of 190 percent increase in revenue since the addition of company owned amusement equipment. The listed increase in gross revenue created net per tax profits of approximately 22 percent compared to a net loss in like periods. In under 60 days, the additional promotions and the ability to inner promote and market the company owned assets increased the revenue and participation at the center. This performance shows that the company's strategy for opening 10,000 to 15,000 square foot facilities will produce the incremental income and margins to support the ''roll-out'' of additional centers. These results support the company's plans to open at least four additional centers within the next 90 to 120 days not including the integration of laser tag and soft play into the Hero's location. Entertainment Technologies & Programs has been a government approved supplier of entertainment services on U.S. military bases worldwide for five years. The company has an AFNAF(Air Force Non-Appropriated Funds) contract. The company is now using its skills for vertical integration of the civilian market. Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

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