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Microcap & Penny Stocks : STRATEGIC SOLUT (Nasdaq:SSGI)
SSGI 0.0250-37.5%Nov 1 5:00 PM EST
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To: Tomato Man who wrote (178)8/30/1998 11:19:00 AM
From: ComSolut  Read Replies (2) of 388
 
Tomato Man - Not much time but a quick answer.

I have to leave shortly to run Tech for a community theater
matinee, but I will try to answer your question.

First to clarify: The 8.5 million is needed to pay for the cost of the
merger, and pay for obligations that are outstanding (Probably the Reg. D shareholder and accumulated short term liabilities showing on SSGI's balance sheet in the 10QSB) AND TO fund the aquaculture product.

Apparently Tamsco in doing work for a client in shoreline erosion came across simulated benefits of floating strips anchored to the bottom in controlling erosion. Actual application used in aquaculture ponds to control erosions they also produced the benefit of doubling fish size and reducing feed requirements on top of erosion control. Tamsco has been experimenting and perfecting the product for 3-4 years and is now marketing the product. Funds to expand marketing and production are needed and that is another use of the needed equity capital.

Mr. Cadigan is quick to point out that if successful the Meridian Mats
division may go public with merged SSGI keeping a vested interest. He is also quick to point out that the MAIN FOCUS OF SSGI WILL
remain information technology.

Hope this helps.

ComSolut
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