Ok who's trying to spoil the party! Down .05c on only 40,000 vol. READ CLOSELY:
Tell me that the float is no where close to what I have reported,
That's very hard to believe IMHO looking at today's movements...LOL!!!
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. |
