Good work MM....I grabbed some MYGD today on rumor of some excellent news on tap for this week...
here's a news release from a few month back...very interesting
DJ: Money Guild Inc. Announces Major Sales Contract
LAS VEGAS--(BUSINESS WIRE)--Feb. 6, 1998--Money Guild Inc., a forest and lumber products company trading on the NASD Bulletin Board (MYGD), is pleased to announce a major sales contract with South Caribbean Steel Cable Ltd., of Deroche, British Columbia, a company expanding its sales into the Caribbean market.
The contract calls for Productos Forestales Bolivar, a subsidiary of Money Guild Inc., to supply approximately 18,000 cubic meters of high grade furniture quality Caribbean pine lumber on a monthly basis. The net profit to Money Guild Inc. on these transactions will be approximately $1.4MM USD monthly.
The president of South Caribbean Steel Cable Ltd. will be visiting Money Guild Inc.'s Venezuelan operations later this month. Money Guild President and CEO William R. Smith said: "This is a new and exciting relationship between Money Guild and South Caribbean Steel Cable Ltd. Not only does this contract add significant revenues, but it also solidifies our presence as a major supplier of high quality wood products into the international lumber market." Smith has 22 years extensive experience in the international lumber export market, including positions as general manager of export operations and senior trader at Westar Timber.
Money Guild Inc. is 100% owner of Productos Forestales Bolivar C.A. PFB is a fully integrated logging and timber operation in Monagas, Venezuela which will act as the principal supplier for the company's expanding timber export program.
This release contains forward-looking statements which are subject to risks and uncertainties including, but not limited to, certain delays beyond the company's control with respect to future business events, regulatory approvals and other risks detailed from time to time in the company's filing with the Securities and Exchange Commission.
Boob |
