JNNE - Jones Naughton Message Board

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Microcap & Penny Stocks : JNNE - Jones Naughton

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To: dale berman who wrote (459)	3/25/1998 7:14:00 PM
From: patrick m rost	Read Replies (2) of 607

JNNE announced a letter of intent to acquire Cousins consumer electronic retail stores some time in 1997. The transaction was never completed because contingent liabilities made the acquisition unfavorable. The acquisition recently announced to acquire COMMUNITY MARQUEE from SPOA is an asset purchase not an acquisition of a corporate entity. This approach is considerably less risky from the standpoint of inheriting a host of problems such as back taxes and lawsuits. We have indemnification clauses in the contract protecting us in the event of an unforeseen event arising. The other comments recently made regarding the potential of information technology businesses are accurate. In my previous position with TSIS I closed several major contracts with very large public companies. Realty Income (NYSE "O" ) Burnham Pacific Realty Investment Trust (NYSE BPP) Uniroyal Technology (Nasdaq UTCI) and McHenry Metals Golf (OTC BB GLFN) to name a few. I also played a significant role in developing the new division MARKETREACH. We will be applying these concepts to the COMMUNITY MARQUEE business. The University market in the US is enormous. There are over 5,000 colleges and universities in the US. California has over 100 community colleges alone and Texas has over 70. The information systems we are in the process of acquiring can gross over $30,000 per unit with a gross profit in excess of 60%. We will be coming out with definitive projections as this transaction is consummated. In less than two months with JNNE I think we have come along way. I appreciate your comments and support. Please connect me at PMRandCO@AOL.com or 760-634-7624 with any comments Thank you Patrick M. Rost

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