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Technology Stocks : ESVS - ENHANCED SERVICES CO INC

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To: Brady B. who wrote (2)8/16/1998 10:38:00 AM
From: Joe Copia   of 60
 
From the ESVS 10q

Zulu-tek have continued to operate as separate corporate entities but the operations have increasingly been undertaken in a single business strategy and joint business plan being pursued by the two entities and operated by the management of the Company.

The Company has provided working capital in furtherance of the combined business strategy to continue to focus increasingly on interactive advertising and marketing activities. During the quarter, 75,000 pre-dividend common stock purchase warrants at $2.00 per share were exercised pursuant to a consulting agreement with Kennedy Miles and Associates with gross proceeds in the amount of $300,000 before a discount of $150,000 that was charged to current operations. 50,000
pre-dividend common stock purchase warrants were exercised pursuant to a consulting agreement with Richard A. Fisher at $4.00 per share with net proceeds of $200,000. Other shares were issued pursuant to consulting agreement with Creative Business Strategies, Wall Street Financial and the Employees Stock Option Plan and amounted to $34,265.


More to come.

Joe PTG&LI !!!
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