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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote ()1/5/2000 4:01:00 PM
From: jmhollen  Read Replies (1) of 150070
 
DRYD

Dryden Industries, Inc. Signs Definitive Purchase Agreement With Vista

SARASOTA, Fla., Jan 5, 2000 (BUSINESS WIRE) -- Dryden Industries, Inc. (OTCBB: DRYD) announced today that it has signed a definitive purchase agreement with Vista Photographic and Video Group, Ltd., ("Vista") a Texas limited partnership.

Terms of the agreement call for Dryden to acquire Vista by issuing
shares equal to 25% of its outstanding shares at closing. Additionally,
Dryden will fund a minimum of $1,000,000 cash towards the development
of Vista's business plan.

Vista has on-going operations in the video production of training and
sales videos for corporate clients. In addition, Vista is executing a
new business strategy of combining the resources of a full service
video production house with the evolving technology of streaming media
for Internet commerce. Vista will exploit specific market niches that
are currently untapped by larger competitors in the broadcast and
streaming media areas of Internet commerce.

The Company hopes to close the transaction and integrate the Vista
operations by the end of January.
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