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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: SSP who wrote (1497)6/24/1999 11:00:00 AM
From: SSP  Read Replies (2) of 150070
 
ROCHESTER, N.Y.--(BUSINESS WIRE)--June 24, 1999--LA Group, Inc.
(NASDAQ: ONTV) today announced that the Company has appointed auditors
to prepare audited financial statements for becoming a fully reporting
issuer.
The Auditors will review the company's audited financial with
respect to U.S. Generally Accepted Accounting Principles (US GAAP). In
the process LA Group, Inc. will file application with the SEC to
become a fully reporting issuer. LA Group must wait until then as a
result of an SEC requirement to include audited financial statements
of the latest two operating years along with the filing of this Form
10 process.
The Company's earnings for the first quarter of 1999 will reflect
a substantial increase in revenue over the previous quarter for 1998.
The increase in revenue is greatly due to LA Group's devotion to
become a leading e-commerce solution provider.
Mr. Fasano stated, "Today's announcement further illustrates the
company's commitment to its long-term growth strategy and is an
important step in our progress to becoming eligible for a NASDAQ
listing within the next two years."
LA Group has generated record-breaking percentages. The
e-commerce web site www.seenontv.com and www.ronco.com have
consistently generated orders two to three times the unique hits to
order ratios of two to four percent known as the industry standard.
The key to company's success has been the ability to promote Internet
sites to the top of the search engines in a very short time.
LA Group has positioned itself as a specialist in website
e-commerce business solutions. The company continued to investigate
additional investment and acquisition candidates as well as developing
revenue sharing service for additional clients.
Forward-looking statements in this press release are made
pursuant to the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that such
forward looking statements involve risks and uncertainties, including,
without limitation, the continued popularity of the Company's websites
and product orders stemming therefrom, increased levels of
competition, technological change, dependence upon third party
suppliers, and other risks.

--30--as/sf*

CONTACT: LA Group, Inc.
Daniel Fasano, 888/499-4030
WWW.ASEENONTV.COM
E-mail: invest@aseenontv.com
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