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Microcap & Penny Stocks : WestAmerica Corp. (WACC)
WACC 0.00Nov 5 4:00 PM EST

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To: JOE TURMAINE who wrote (545)10/19/1998 9:07:00 AM
From: Millshare  Read Replies (1) of 749
 
new news
WestAmerica Postpones Reverse Stock Split Until Further Notice

ORLANDO, Fla.--(BUSINESS WIRE)--Oct. 19, 1998--WestAmerica Corp. (OTC:WACC - news) announced Monday that it has postponed its previously
announced reverse stock split of its common shares on a 60 for 1 basis.

The company's management, in consultation with various investment bankers and its professional advisors, is finalizing the details of the recapitalization of
WestAmerica Corp. A further announcement concerning the reverse stock split will be made in the near future.

WestAmerica Corp., a leisure industry company, is in the principal business of developing vacation ownership (timeshare) destination resorts.

From time to time, the company may issue forward looking statements that involve risks and uncertainties. This statement may contain forward looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results
could differ and any forward looking statements should be considered accordingly.

joe, do you know anything about this tks. bob
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