JAWS;A P/E of 2 with 150%/yr Erngs Growth!! Message Board

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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!!

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To: Bret P who wrote (2314)	8/12/1998 1:40:00 PM
From: Bob Myers	Read Replies (2) of 4230

To all who had questions about our latest news "Marina in Mexico" the following DD. > From: "Robert E. Myers" <rmyers@epix.net> > To: <info@great-white.com> > Subject: Mexico Marina > Date: Tue, 11 Aug 1998 15:37:11 -0400 > What gives? You just don't aquire a $5M business for $300,000 without a catch. > Are we assuming a large amount of debt as well? You owe it to the investors to give us the straight and complete answers. > > Regards, > Bob Myers > > Mr. Myers, Thank you for your continued interest and support in Great White. There is no catch to today's announcement. It is an all cash transaction; no new stock is being issued and no debt is being assumed. The $300K purchase price is quite unbelievable and beneficial to shareholders. This deal has been in negotiations for over three months and I can assure you the initial purchase price was many, many times higher. The current owners, however, got themselves into a financial bind with some other business dealings and needed a cash infusion. Because they have focuses on the high-end of the market (Hatteras' begin at $1.5 million and go up from there) they lacked the financial resources to continue dealing with high-end products. Hence, what Great White ended up paying for was the office location, existing inventory (one yacht -- not a Hatteras), and dock slips. With Great White's financial strength it should be able to increase demand for high-end products while introducing all of its other products into an area that did not have them before. All in all it is a great deal for Great White and its shareholders. We are very excited about this development and think it will contribute significantly to future sales. I hope this helps answer your questions and concerns. If you have any additional questions, please feel free to contact me. Sincerely, J. Scott Sitra Great White Investor Relations jscott@sitra.com (512) 453-3817 (512) 453-7553 fax P. O. Box 50404 Austin, Texas 78763 great-white.com

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