ARET Infostore Message Board

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Microcap & Penny Stocks : ARET Infostore

ARET 0.0001000

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Nov 5 1:03 PM EST

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To: Mr. Jens Tingleff who wrote (12)	5/28/1998 9:06:00 AM
From: Mr. Jens Tingleff	Read Replies (1) of 202

And here is a response from a lurker here who is in the type of business also having the "Minority Status" Describing the advantage that gives: Federal law in the US requires on specific projects that x% of the total job be awarded to minority owned companies, irregardless if they submitted the lowest price. Example, Flour is awarded as contractor a 10,000,000 job and on this job there is a 12% minority participation requirement. ARET would be able to assist FLOUR by bidding on work, or just be given it by FLOUR so that they meet the 12% requirement. Equals 1,200,000. Now ARET must do and/or subcontract out that work. It is often very difficult to come up with minority firms and it is very helpful in our industry to have a friendly relationship with a minority firm as it sometimes guarantees us work. We will sell our concrete pipe, sand, and stone to them first instead of the contractor so that the job meets the % requirement. Thanks that is also a very positive angle here !!!

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