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Microcap & Penny Stocks : JNNE - Jones Naughton

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To: John Liu who wrote (574)5/22/1998 2:08:00 PM
From: Brad  Read Replies (2) of 607
 
John, JNNE is a "joint venture partner" with ANFS in the Costco deal. You might contact Patrick Rost (PR guy) and he can provide you with more information on this. Call 1-888-847-5663.

JNNE receives a lifetime royalty from the deal because of their original participation. ANFS actually operates the program for Costco, but JNNE gets a small royalty. But the small royalty multiplied over so many Costco customers becomes quite significant!

Incidentally, JNNE incurs no further expenses from this revenue so it is virtually ALL going straight to the "bottom line."

Best wishes,
Brad

PS. Are you aware of the New JNNE Thread? Click Here...
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