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Microcap & Penny Stocks : ALANCO ENVIRONMENTAL: ALAN
ALAN 0.00Mar 8 4:00 PM EST

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To: Daniel Schulman who wrote (130)6/19/1997 1:05:00 PM
From: Joe Bourg   of 402
 
<<I was wondering if anyone has contacted IR recently. Of course, it's the same $64,000 question--what's the
current status of fryer installations? Also, interested in knowing if they have made
any progress in dumping their unprofitable divisions.>>

Just got a copy of the May 1997 "Alanco News" - in it it states that Walmart Fry-Guy installations are expected to be up by 13% from Jan 1. They expect to have 1300 installations in place by June 30 - up from 1150 in January. In talking with Harbinger Capital I was told that the dumping of unprofitable divisions has not yet occurred and is still in the "talking stages". Hope this helps -- happy investing all and Good Luck !
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