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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire!
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To: KZAP who wrote (3291)7/22/1999 9:50:00 PM
From: two trades   of 3584
 
From La Guardia GFS:

Please allow me to clarify La Guardia's position. We are not "front running" nor do we have any connection with any news letters. We do maintain a rather large e-mail data base of individual investors, brokers and market makers who are interested in the due diligence we perform on the companies we represent.

Yes, we began a relationship with SETO prior to the company choosing to make a Public Press release about the relationship. Once again, this was for strategic purposes. This does not mean that SETO, MDMI or any other company we have or are currently representing was attempting in any way to hide their relationship with La Guardia. There are many steps in a due diligence process, and some of our clients pay us to perform such due diligence. Often in this process we offer our Investor Relations and Public Relations services to those companies which we feel are significantly undervalued and represent major potential for price appreciation.

TO further clarify, our contract with MDMI paid us $2,500 (USD) cash up front, and 800k shares of stock restricted under SEC Rule 144 for one year. The legend will be removed from our stock in early March, 2000, provided we choose to register the stock at that time.

I hope this has helped to clear up some of your questions.

Please do not hesitate to call us or e-mail us (800.292.1361 or comercio@doscomercios.com) if you have any further questions about our contracts or relationships. We operate on a very open basis, and pride ourselves on our integrity.

Thank you again for your continued interest in MDMI!

Sincerely,

Phil Hernandez
Public Relations
La Guardia GFS
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