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Microcap & Penny Stocks : Level Best Golf (LBGF)
LBGF 0.00010000.0%Jan 14 3:00 PM EST
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To: Jeffrey Spierman who wrote (46)4/15/1997 2:56:00 PM
From: Chip Peiffer   of 345
 
NEWS OUT TODAY

Here is a summary of the news that LBGF put out.
1) They announced that they have obtained a $3,000,000 credit line with high Point Capital. This will be used to fund the product ordered and future orders.
2) LBGF entered into a marketing agreement with Gold Digest Schools, the golf instruction arm of Golf Magazine, to endorse the Angle Iron.
3) A possible acquisition to acquire a golf company, which had $1.7 million in sales and was profitable(name not released).
4) LBGF shipped and invoiced The Sports Authority and Service Merchandise, for a total of $547,000.
5) LBGF has firm commitments from 11 of the top 50 sporting goods retailers in America. Their goal is to get 20 of the top fifty.
6) LBGF will be signing a distribution agreement with hunter Leisure to market and sell LBGF products in Australia and New Zealand. Hunter Leisure is one of Australia's largest multimerchandise marketing organizations offering a diverse range of leisure and lifestyle products, in the toy, sporting goods and novelty markets.
Things are starting to fall into place. If you were waiting for news here it is. Buy some here and see if it pulls back for the rest of your purchase. Good luck
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