PKGP (Packaging Plus) Message Board

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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Steve Casey who wrote (307)	4/30/1998 8:58:00 AM
From: John S. Baker	Read Replies (1) of 4783

This press release is even worse (more worthless) than you mentioned. The deal with Pay-Chex merely means that the independently-owned pseudo-postal shops that are part of their association may now elect to use PayChex if they wish -- for their own payrolls! The only way this will bring revenue to the PKGP corporate books is if there is some form of retainer provided back to the association, based on usage by the independent members. The last few press releases by this company really give me concern that they are grasping at straws. (Disclosre: I have a small long position in PKGP; waiting for the company to go bankrupt so I can deduct it on my taxes.)

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