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Microcap & Penny Stocks : New Sky Communications (NSKY)

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To: cheehen ching who wrote (1007)8/15/1998 10:24:00 PM
From: myturn   of 2601
 
cheehen, here are a lot of informative previous posts by Donster and others that caught my attention when I first invested in NSKY:

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To: Donster (397 )
From: Reason 3227
Wednesday, Aug 5 1998 6:25PM ET
Reply # of 1008

I just got off the phone with Mr. Reynolds and I can confer with Donster's DD that it is quite thorugh and valid.

I jus want to add a brief history of NSKY for those of you who know nothing about the company:

New Sky Communications
731 Power Building
16 W. Main St.
Rochester, NY 14169



Carl Reynolds is the Ceo of NSKY and has been ever since it's inception in 1984. NSKY originally came
public in 1984 as Thoroughbred U.S.A.. Mr. Reynolds intentions, originally were to get into horse racing and
purchase a Race Track in the Rochester area called Finger Lakes Horse Track.
In 1987 New Sky Communications was founded. They are a production company that does the producing of
movies from financing, editing and distribution of the final product.
New Sky's last movie was "Lady in White" which is still being distributed through Samuell Goldwyn Mayer
and other distribution channels. New Sky is still recieving royalties from "Lady in White."

Outstanding shares: 193 million of 200 million Authorized
Float size: 90 million
Restricted shares: 100 million

As Donster has stated, Mr. Reynolds is very enthusiastic and very optimistic about the future of NSKY. Mr.
Reynolds has stated that they are very close to finalizing a couple deals and hopes to issue a PR very soon. Mr.
Reynolds did also say he does not want to put the negotiations out in the public eye for all to see and would not
do any speculating on numbers, because he has no intentions to mislead anyone.

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