TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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

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To: SSP who wrote (70364)	11/7/2000 8:03:59 PM
From: Jim Bishop	Read Replies (1) of 150070

AMERICAN FILM TECHNOLOGIES INC /DE/ (AFTC.OB) form 8-K ITEM 5. OTHER EVENTS. On November 7, 2000, the Registrant issued the press release attached as Exhibit 1 to this Current Report on Form 8-K. The Board of Directors has accepted the resignations of Jeffrey Yapp, Chairman and Chief Executive Officer of the Registrant, and Barry Sandrew, President and Chief Operating Officer of the Registrant. The Registrant continues to be in default under the terms of Settlement Agreement, dated December 31, 1999, between the Registrant, Gerald Wetzler and certain other individuals. Representatives of the Registrant are engaged in discussions with Mr. Wetzler in an attempt to resolve this matter. There can be no assurance that a solution can be reached The Board of Directors has authorized the Registrant to engage the firm of GTH Capital to assist in the discussions with Mr. Wetzler.

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