ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00400

-14.9%

Nov 18 9:31 AM EST

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To: justaninvestor who wrote (4503)	5/29/1998 10:06:00 AM
From: stock4U	Read Replies (2) of 11850

MFRC Acquires ICVI Stores. Market Formulation and Research Corp. Announces C-Concepts Inc. Acquires Convenience Stores HOUSTON--(BUSINESS WIRE)--May 28, 1998--Market Formulation and Research Corp. (OTCBB:MFRC - news) has entered into a binding letter of intent to acquire C-Concepts Inc. (''CCI''). CCI is in the business of developing and building convenience stores as well as purchasing existing stores. CCI has just completed the acquisition of its first three stores. The three stores have a combined value of $3,600,000. They have combined projected revenue of $8,023,000 with earnings of $537,000. These acquisitions represent the first phase of the Company's growth strategy of aggressively expanding through developing and acquiring convenience stores. Learn more by contacting C-Concepts Inc. at 1701 Brun Street, Suite 100, Houston, Texas 77019. CP

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