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Microcap & Penny Stocks : POPM - POPMAIL.COM
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To: Jim Bishop who wrote (42)9/14/2000 2:48:24 AM
From: CIMA   of 81
 
From Raging Bull:

Restaurant operations franchised to company formed by ex-officers of POPM

The executives that ran Cafe Odyssey have left and formed another firm that will operate the current two locations and expand the concept. We consider this a positive for two main reasons. First, it allows POPM management to focus on the Internet marketing business and the restaurant experts to run the restaurants.

The second benefit is that the agreement has the potential to provide additional cash flows (royalties) to POPM as new units are opened. According to documents in the 10-Q, a new unit is planned for Dearborn, Michigan. However, our earnings model does not assume any additional cash flows from this event.
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