ADCO ask moved down to bargain price. Check daily trading for past month.
Little volume=big moves. Steadily increasing
price on very little volume...typical of low inventory.
AMERICAN RESOURCES AND DEVELOPMENT
Prices Available: 02/15/95 through 06/08/98
Ticker: ADCO
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
05/11/98 1,700 1 1/2 1 1/2 1 1/2
05/13/98 800 1 1/2 1 1/2 1 1/2
05/14/98 600 1 3/4 1 3/4 1 3/4
05/15/98 1,500 1 13/16 1 3/4 1 13/16
05/18/98 500 1 3/4 1 3/4 1 3/4
05/19/98 700 1 3/4 1 3/4 1 3/4
05/21/98 4,500 2 1/8 2 2
05/22/98 400 1 3/4 1 3/4 1 3/4
05/26/98 400 1 3/4 1 3/4 1 3/4
05/27/98 1,400 1 3/4 1 1/2 1 1/2
06/01/98 1,100 2 1 5/8 2
06/02/98 20,800 2 1/4 2 2 1/8
06/03/98 45,000 2 3/8 2 1/16 2 3/8
06/04/98 27,100 2 5/8 2 3/8 2 3/8
06/05/98 5,800 2 3/8 2 1/4 2 1/4
06/08/98 3,900 2 1/2 2 1/8 2 1/2
ADCO just acquired another company to raise monthly revenues.
Here is news:
American Resources and Development Co. Makes Announcement
SALT LAKE CITY--(BUSINESS WIRE)--June 9, 1998--American Resources
and Development Co. (OTC BB:ADCO) announced Tuesday an agreement in
principal to acquire 100 percent of Quade Inc., a Connecticut
corporation.
Under terms of the letter of intent, Quade would receive common
stock of the company, a portion of which would be contingent on
Quade realizing specific earnings levels over the next three years.
The success of this purchase is subject to finalizing negotiations
on a definitive Stock Purchase Agreement that American Resources
expects to complete over the next three weeks.
Quade owns the exclusive master license rights to the U.S. Polo
Association trade name for the United States and Canada. The U.S.
Polo Association was founded in 1890 and is the governing body for
polo in the United States.
Quade also produces its own line of USPA licensed casualwear with
an impressive customer base which includes high-profile department
store and specialty store chains.
Quade has also sold license rights to several other companies to
produce a variety of consumer products under licensing agreements
which cover the USPA trade name. These agreements allow Quade to
collect license fees on all items sold by these companies under the
USPA trade name.
Robert Mintz, president and chief executive officer of Quade,
commented on the acquisition stating, "We're excited to join the
consumer products family of American Resources.
"The acquisition of Quade by American Resources allows us to join
forces with Pacific Print Works, the company which does most of our
apparel production, to further ensure the flow of quality apparel to
our customer base. At the same time, the commitment by American
Resources to provide funding to Quade will enable us to take
advantage of tremendous growth opportunities."
American Resources and Development Co. owns interests in
Fan-Tastic Inc., a franchisor and owner of retail entertainment and
sports stores located in the United States, Canada, Japan and
Barbados as well as, Pacific Print Works Inc., a screen-printing and
embroidery company located in Oregon.
Additionally, the company has an investment in a regional
developer and management provider of golf courses and related
developments. American Resources' common stock is traded on the
over-the-counter bulletin board market under the symbol ADCO.
For additional information contact Karl Badger at 801/363-8961 or
Will Papenfuss at 503/698-2640. Further information on American
Resources is also available at www.virtualir.com\adco.
CONTACT:
American Resources and Development Co., Salt Lake City
Karl Badger, 801/363-8961
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