CHRONICLE COMMUNICATIONS (OTC BB: CRNC) is a fully reporting company with a float of only 900k. The company had announced last Thursday October 15 that it had successfully closed the acquisition of Bright Now Inc, Southern Parer, and converter Inc. For further details please refer to the web site below:
biz.yahoo.com
Rumor has it that another press release is coming out as early as next week. Rumor also has it that it is about a major merger/acquisition.
This company is definitely headed for the NASDAQ Small Cap listing, due to the recent acquisitions that have in excess of 5 million dollars that will put them close to the required standards. With the aggressiveness of CEO, John Whitman, JR., the company's founder, the company is moving at an extremely fast pace. Here are some interesting facts about the CEO: John Whitman has over 15 years experience in the publishing industry. Prior to founding the company, Mr. Whitman was president of Gray Publishing, Inc. in Tallahassee for $1.45 million, a company which Mr Whitman built from negative cash flow to positive cash flow in 28 months. Mr Whitman was also president of a Gray subsidiary, The Rockdale Citizen Publishing Company, which published two daily newspapers. Mr Whitman, turned a million dollar loss per year at the Citizen to positive cash in just 63 days.
This company just went public August 19. 1998 and is now just starting to get the publicity that it needs. Recently, there profile has just been featured on the prestigious "Wall Street Concept Group's Hot Stocks To Watch List"
thesubway.com.
Year end results will begin on November 9, 1998 and Mr. Whitman anticipates year ended September 30, 1998 revenues to show a gain of 310% over year ended September 30, 1997 or total revenue of $2,043,000. Projected revenue for the year ended September 30, 1999 are in excess of $6 million with earnings of .30 per share.
Check out there Web Page for further information at:
chronicleinc.com
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