ADCO - AMERICAN RESOURCES & DEVELOPMENT COMPANY Message Board

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Non-Tech : ADCO - AMERICAN RESOURCES & DEVELOPMENT COMPANY

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To: Turboe who wrote (10)	7/8/1998 8:48:00 AM
From: Joe Copia	Read Replies (1) of 27

relating to ADCO: GVIM (Orlando, FL) should come out with an announcement tomorrow about Credit Suisse First Boston (CSFB) providing $86.5 mil in funding. CSFB will wind up with 24.9% of the company. This financing will provide GVIM w/sufficient capital to payoff all debt and take the company to the next level. About $20mil will be used to complete construction at seveal of their 8 - 10 projects (Orlando, Naples, Palm City, Portland, TX, Pinehurst NC & St. Geo, UT) The good thing about the GVIM/CSFB transaction is that ADCO (the original parent of GVIM)will now have approx 1,200,000 shares of GVIM with which it can continue to finance its acquisitions (Fantistic - Fanamina franchises, Pacific Print Works (PPW) and other related acquisitions. Joe PTG&LI !!!

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