DRGI: New PR on financials (looks good, though I wonder about plans to "issue new shares" as more acquisitions are made)...
Vagabond
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(BSNS WIRE) Diversified Resources Group, Inc. Announces 1998 Audited Ear Diversified Resources Group, Inc. Announces 1998 Audited Earnings
SARASOTA, Fla.--(BUSINESS WIRE)--July 28, 1999--DRG, Inc., d/b/a
Diversified Resources Group, Inc., (NASDAQ OTC BB:DRGI), a Sarasota,
Florida based company, is pleased to release its 1998 audited
financials reflecting a net income of $5,266,956 representing a
17(cent) per share earnings. The company uses the McGladrey network,
the world's 6th largest accounting firm.
The earnings per share are based on a weighted average shares outstanding of 30,798,039, and a restructuring of the company's
obligations. As of July 6, 1999, there were 51,636,231 shares issued
and outstanding. The company anticipates issuing additional shares as
acquisitions are completed.
This press release shall not constitute an offer to sell
securities under an exemption from registration pursuant to Regulation
D, Rule 504 of the Securities and Exchange Commission. Statements
regarding the company's expectations about new and exciting products,
future financial performance and other forward looking statements are
subject to various risks and uncertainties, including, without
limitation, demand and acceptance of new and exciting products,
technological advances and product obsolescence, competitive factors
and the availability of capital to finance growth.
--30--cp/mi*
CONTACT: Diversified Resources Group, Inc., Sarasota
Carl Smith, III
941/923-1949
or
Log on to www.diversified-resources.com
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