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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Hawkmoon who wrote (21147)11/23/1997 9:14:00 PM
From: Hawkmoon  Read Replies (1) of 55532
 
Wednesday July 2 9:48 AM EDT

Company Press Release

Olympus Ventures Inc. Announces Purchase Order Financing

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 2, 1997--Olympus
Ventures
Inc. (OTC:BB - news) announced Wednesday that they have a letter of commitment
for their purchase order financing.

This financing is part of management's plan to move into the full packaging
manufacturing of garments in their two offshore facilities.

Morgan (C.E.O.) stated: ''This financing that is now available to Olympus will move it
from the everyday contract manufacturing to a full packaging garment manufacturer.
With this financing it will give us the ability to increase our gross revenues six to 10
times over our current revenues. It now makes reaching the $12 million gross revenues
goal over the next 12 months feasible.''

Olympus Ventures Inc. is a manufacturer of apparel products that include jeans,
knitwear, athletic shorts and shirts. The company has facilities in Dominican Republic,
Nicaragua and Hialeah, Fla., with a work force more than 600 and over 30 years apparel maker experience.

NOTE TO EDITORS: In the Internet/email address noted in this news release, there is
an ''at'' symbol between ovisusa and aol.com. This symbol may not appear properly in
some systems.

Contact:

Olympus Ventures Inc.
Roland Breton, 954/565-9292
Email: ovisusa@aol.com
Web Page: www.olympusventures.com

*******************************
Is this still applicable to the company??? If not, does that constitute a material impact on the perceived value of the company??

I've seen companies get shut down for less. As far as the public knows (those with no access to this SI thread), they must still believe that the company expects 12 million in revenues this year... LOL

Regards,

Ron
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