Kimberly, buying ETCP here at .20 (off high of .32)
here's the news... less than 4million in the float.. can really move fast
DENVER--(BUSINESS WIRE)--Aug. 17, 1999--E.T. Capital, Inc. (OTC BB:ETCP) today announced that it will move forward the date of the release of its 1 900 "DEMOCRAT" and 1 900 "REPUBLICAN" political fund raising telephone numbers to individual political candidates in order to allow candidates access to mass fund raising support prior to the upcoming primaries.
The decision to release the 1 900 "DEMOCRAT" and 1 900 "REPUBLICAN" to individual candidates prior to the primaries was made because of criticism by some candidates of the current fund raising system; a system that makes it very difficult for lesser known candidates to raise the large amounts of money required in today's political scene. That could not only preclude many good candidates from running for political office because of the lack of funds, but it could also put the nomination of candidates into the hands of those who should not have that power; the lobbyists.
Several candidates have already indicated that "the lack of a source of funding combined with the apparent surplus of funds of a few others has almost disenfranchised the voters from the decision making process. This could eliminate not only the value and the purpose of the primaries to the voters, but could make the primaries themselves of little consequence."
E.T. Capital, Inc. has proposed to both Republicans and Democrats that by utilizing 1 900 "DEMOCRAT" or 1 900 "REPUBLICAN," tens of millions of dollars could be raised almost immediately for distribution to candidates. This would not only contribute to financing the huge cost of these election campaigns but to also level the playing field and keep good candidates, that may otherwise be unable to maintain a presence, in the political arena.
Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors.
Market Float: 3,775,000 shares Shareholders: 9,137
CONTACT: E.T. Capital, Inc.
Investor Contact - 949/645-8324
Fax - 604/925-0536 |
