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Non-Tech : Firelight (FRL.V)

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To: Stew who wrote (56)2/4/2000 1:54:00 PM
From: SAM-DAN  Read Replies (2) of 240
 
Finally we have the first of a series of press releases from Firelight-
Firelight introduces Fifty Tips

Firelight Corporation
FRL
Shares issued 8,592,571
Feb 3 close $0.29
Fri 4 Feb 2000
News Release
Mr. Mike England reports
Firelight has acquired a new video,
entitled Fifty Tips in which renowned
golf coach Butch Harmon narrates and
demonstates 50 different ways in which
golfers can improve the quality of their
game.
Mr. Harmon is the highly acclaimed coach
of such stars as Greg Norman,
Davis Love III and the current number
one golfer in the world Tiger Woods.
Firelight is naturally very excited
about the marketing potential of Fifty
Tips and plans on offering the
product as an upsell to the Accumaster
Training System (also endorsed by Mr.
Harmon) through 60-second television
commercials and magazine/newspaper
advertising.
This acquisition of the Butch Harmon
tips is only one of a series of
anticipated expansion of products which
Firelight is obtaining to increase
its exposure to the bouyant golf-aids
market.
Negotiations are currently taking place
with numerous major entities on a
variety of different fronts and
management expects releases will be
forthcoming as agreements are concluded."
Read between the lines.They would probably not talk about forthcoming agreements unless they were sure that contracts will be signed. Our sources say that by Tuesday we should have at least one major announcement. But timing is always a difficult problem so we suggest you do your DD and take your position ASAP . This stock has a very small float and could move higher very quickly on little volume. Watch the close today if it starts to move up could be a signal that a release early next week could bring in large buying-especially from USA sources. Good luck.Its been a wait but we think it will be worth it.
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