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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: s martin who wrote (23397)12/3/1997 3:23:00 PM
From: Pugs  Read Replies (1) of 55532
 
*******DVBC (and waiting....)********
_______________________________________
>>( 11/4 )DVBC's initial investment in IMA is a combination of cash and securities
valued at close to one million dollars. DVBC intends to invest
additional capital in IMA as IMA introduces new geographical locations.

A more detailed description of this transaction will be available in
DVBC's 8-K, which will be filed within 15 days.

For further information please contact Randall Baker at DVBC at
760-360-5793>>>>>>
****************( 8K..still waiting.....)
_______________________________________________
November 14, 1997

DEVELOPMENT BANCORP LTD (DVBC)
Quarterly Report (SEC form 10QSB)
Management's Discussion and Analysis

Revenues for the three months ended March 31, 1997 were $0, compared to
$33,063 for the three months ended March 31, 1997, 1996 revenues were
derived primarily from commissions from the Company's interest in Pemp
Gestion Network, which experienced a downturn in its business in
calendar 1996. General and administrative expenses were significantly
less is 1997. After deducting $167,834 in prior period adjustments (see
Note 5) general and administrative expenses were less than half of the
1996 amounts, due to the disposal of KSM Holdings.
*************************************
Anyone notice how many shares DVBC dumped today, it was in the thousands........, Pugs
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