PRESS RELEASE 10/8/99
FOR IMMEDIATE RELEASE
CHARTWELL INTERNATIONAL RETAINS FINANCIAL PR &
INVESTOR RELATIONS SPECIALIST
DENVER, Colorado ? October 8, 1999 ? CHARTWELL INTERNATIONAL, INC. (OTCBB-CHAP/CHAPE) reported today that it has retained Stock Enterprises to manage its Company?s shareholder and public relations activities. Stock Enterprises, based in Las Vegas, Nevada, specializes in developing financial media support within the brokerage and investor community for quality under-valued and relatively unknown publicly traded companies.
James Stock, president of Stock Enterprises, commented, ?I have recently met with management and toured their facilities, and am convinced that Chartwell International, with the strong leadership of its CEO and President, Janice Jones, Ph.D., is a unique public entity worthy of investor consideration. Investors looking for under-valued situations with substantial upside potential should find Chartwell International very attractive.? Dr. Jones, together with the Company?s distinguished management team and board, have the firm under an aggressive restructuring. Chartwell International is actively seeking strategic alliances and resources to expand its business opportunities and to enhance shareholder value.
The Company?s stock ticker symbol was recently changed to CHAPE. The Company has filed its Form 10SB and audited financial statements to the S.E.C. for review and approval, at which time the Company?s trading symbol will return to CHAP and signal that it is a fully reporting issuer on the Over The Counter Bulletin Board Exchange.
COMPANY WEBSITE: www.chartwellinternational.com
FOR FURTHER INFORMATION AND/OR TO BE PLACED ON THE COMPANY?S
NEWS & INFORMATION LIST, PLEASE CONTACT:
STOCK ENTERPRISES/James Stock at (888)MICRO-CAP or via fax at (702)617-4165
or via email at jamestock@aol.com
Company Contact: Serena Riedel - Tel 717-786-7537 or infochap@aol.com
OT: Email from IR -Chartwell Update for Sept. 1999
Chartwell International, Inc. (OTC BB CHAP) is in the process of becoming a reporting company and has recently filed the Form 10SB to begin that process with the SEC. The stock symbol has temporarily been changed to CHAPE (E = extension) while we continue this process. Once this registration form is approved by the SEC, the company can submit its financials. Once this hurdle is complete (both costly and time consuming), they can focus attention on making an acquisition and liquidating its other assets.
(CHAP) There are approximately 22 million shares in the float and 61 million shares total. It takes a lot of activity to make this stock move. Selling one of its assets and becoming a reporting company are both beneficial for Chartwell to make another acquisition which is part of its Plan. If you are experienced with a technique called "rolling stocks", some have found they can make alittle money in CHAP in the mean time because it ranges between .03-.04 up to .08-.09 on the average.
Chartwell primary focus over the past year has been exercising its interest as the majority shareholder of SportsStar Marketing, Inc. (OTC BB SSMK). This involvement in operations and securing new upper management has paved the way for this company to announce many exciting developments in the last six months, including an acquisition of a major competitor and revamping of the Business Plan to allow for major expansion. Just recently in July 1999, the merged companies became known as COLLEGE BOUND STUDENT ALLIANCE (OTC BB GRAD). In comparison to Chartwell, this stock has only 4.8 million shares in the float and 18.0 million shares total. It takes very little activity to get this stock moving (even one person can raise it a few pennies!). This is a tremendous buying opportunity as this stock is unanimously considered undervalued.
A 504 offering for this stock was announced in a press release dated August 17, 1999 and we are awaiting finalization to begin selling it to investors. I can send you or fax more info on this exciting company. Feel free to check out our websites which will soon become one comprehensive website: www.ssmk.com (for investors) and www.cbsa.com (for general public).
Chartwell's secondary focus is to liquidate some of its assets to pave the way for future acquisitions. Currently, Chartwell is seeking buyers for its high grade gypsum deposits and its California real estate property (200 acres in San Ramona), both estimated to sell in the millions. Though the process has been slow, we are very optimistic about the future of Chartwell. The profits will be used to purchase profitable acquisitions. An investor's website was created to keep shareholders informed of CHAP activities: www.chartwellinternational.com
For additional information, please call me directly at 717-786-7537 or InfoCHAP@aol.com or InfoCBSA@aol.com.
Serena Riedel
Director-Investor Relations
Tel. 717-786-7537
(Sorry no 800# yet but I will call you back it you wish!) |
